Due Authorization; Enforceability; No Violation. Each Operative Document to which the Sublessor is a party has been, and the Sublease Supplement (when executed and delivered by the Sublessor) will be, duly authorized, executed, and delivered by the Sublessor and, assuming due authorization, execution, and delivery by the other parties thereto, is (or, as to the Sublease Supplement, when executed and delivered by the Sublessor will be) a legal, valid, and binding obligation of the Sublessor, enforceable against the Sublessor in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, or similar laws affecting enforcement of creditors' rights generally and by general principles of equity. The Sublessor's execution, delivery, and performance of each Operative Document to which it is or is to be a party are not and will not be inconsistent with its certificate of incorporation or by-laws, do not and will not contravene any existing law, governmental rule or regulation, judgment, or order applicable to or binding on the Sublessor, and do not and will not contravene any provision of, or constitute a default or result in the creation of any Lessor Lien under, any indenture, mortgage, contract, or other instrument to which the Sublessor is a party or by which it or any of its properties is bound, and do not and will not require the consent or approval of its stockholders or any trustee or holders of any indebtedness or obligations of the Sublessor, except such as have been duly obtained.
Due Authorization; Enforceability; No Violation. The Lender has all necessary power and has duly taken all action on its part to authorize, execute and deliver this Agreement. This Agreement when executed shall be valid, binding and enforceable against the Lender in accordance with its terms. The execution and performance of this Agreement by the Lender will not violate or conflict with any instrument, agreement, order or decree by which the Lender is bound.
Due Authorization; Enforceability; No Violation. This Agreement and the Master Servicing Agreement have been duly authorized, executed and delivered by the Purchasers, and each is the legal, valid and binding obligation of the Purchasers, enforceable against the Purchasers in accordance with its terms, except as such enforceability may be limited by applicable insolvency, bankruptcy, reorganization, conservatorship, receivership, liquidation or other laws and by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law. The consummation of the transactions contemplated by this Agreement and the Master Servicing Agreement and the fulfillment of the terms of this Agreement and the Master Servicing Agreement shall not conflict with, result in any breach of any of the terms and provisions of or constitute (with or without notice or lapse of time) a default under, the articles of incorporation or bylaws of the Purchasers, or, in any material respect, any indenture, agreement, mortgage, deed of trust or other instrument to which the Purchasers is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument, or violate, in any material respect, any law or, to the best of the Purchaser’s knowledge, any order, rule or regulation applicable to the Purchasers of any Governmental Authority having jurisdiction over the Purchasers or any of its properties, in each case, that would materially and adversely affect the performance by the Purchasers of its obligations under, or the validity and enforceability of, this Agreement.
Due Authorization; Enforceability; No Violation. This Lease has been duly authorized by all necessary corporate action on the part of Lessee, does not require any approval of the stockholders of Lessee, has been duly executed and delivered by Lessee, and constitutes the legal, valid and binding obligation of Lessee, enforceable against Lessee in accordance with its terms. The execution and delivery by Lessee of this Lease, and the performance by Lessee of its obligations hereunder, will not be inconsistent with its charter or by-laws, do not and will not contravene any law, governmental rule or regulation, judgment or order applicable to or binding on Lessee, do not and will not contravene any provision of, or constitute a default or result in the creation of any lien (except Lessee's interest hereunder) under, any indenture, mortgage, contract or other instrument to which Lessee is a party or by which it is bound, and do not and will not require any approval or consent of any trustee or holders of indebtedness or obligations of Lessee, except such as have been duly obtained.
Due Authorization; Enforceability; No Violation. This Lease has been duly authorized by all necessary corporate action on the part of Lessor, does not require any approval of the stockholders of Lessor, has been duly executed and delivered by Lessor, and constitutes the legal, valid and binding obligation of Lessor, enforceable against Lessor in accordance with its terms. The execution and delivery by Lessor of this Lease, and the performance by Lessor of its obligations hereunder, will not be inconsistent with its charter or by-laws and will not contravene any law, governmental rule or regulation, judgment or order applicable to, or binding on, Lessor.
Due Authorization; Enforceability; No Violation. IHFA has the necessary power under the Act and has duly taken all action on its part required to authorize, execute and deliver this Agreement. This Agreement when executed shall be valid, binding and enforceable against IHFA in accordance with its terms. The execution and performance of this Agreement by IHFA will not violate or conflict with any instrument by which IHFA is bound.
Due Authorization; Enforceability; No Violation. CHFA has the necessary power under the Act to act as the Fiscal Agent of the State and has been authorized by the State to execute and deliver this Agreement. This Agreement when executed shall be valid, binding and enforceable against the State in accordance with its terms.
