Common use of Due Authorization; Validity Clause in Contracts

Due Authorization; Validity. The signing and delivery of the Loan Documents, the performance by each Borrower of its Obligations under the Loan Documents, and the grant of the Liens on or security interests in, the Loan Collateral provided by each Borrower has been duly authorized by all requisite corporate or other action of such Borrower. This Agreement and each of the other Loan Documents have been duly executed and delivered by such Borrower, and each will constitute, upon the due execution and delivery thereof, the legal, valid, and binding obligations of such Borrower enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally.

Due Authorization; Validity. The signing and delivery of the Loan Documents, the performance by each Borrower of its Obligations under the Loan Documents, and the grant of the Liens on or security interests in, the Loan Collateral provided by each Borrower has have been duly authorized by all requisite corporate or other action of such Borrower. This Agreement and each of the other Loan Documents have been duly executed and delivered by such Borrower, and each will constitute, upon the due execution and delivery thereof, the legal, valid, and binding obligations of such Borrower enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' ’ rights generally.

Due Authorization; Validity. The signing and delivery of the Loan Documents, the performance by each Borrower of its Obligations under the Loan Documents, and the grant of the Liens on or security interests in, the Loan Collateral provided by each Borrower has to Bank have been duly authorized by all requisite corporate or other action of such Borrower. This Agreement and each of the other Loan Documents have been duly executed and delivered by such Borrower, and each will constitute, upon the due execution and delivery thereof, the legal, valid, and binding obligations of such Borrower enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' ’ rights generally.

Due Authorization; Validity. The signing and delivery of the Loan Documents, the performance by each Borrower of its Obligations under the Loan Documents, and the grant of the Liens on or security interests in, the Loan Collateral provided by each Borrower has to Bank have been duly authorized by all requisite corporate or other action limited liability company action, as applicable, of such Borrower. This Agreement and each of the other Loan Documents have been duly executed and delivered by such BorrowerBorrowers, and each will constitute, upon the due execution and delivery thereof, the legal, valid, and binding obligations of such Borrower Borrowers enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' ’ rights generally.

Due Authorization; Validity. The signing and delivery of the Loan Documents, the performance by each Borrower of its Obligations under the Loan Documents, Documents and the grant of the Liens on or security interests in, in the Loan Collateral provided by each Borrower has to Agent have been duly authorized by all requisite corporate or other action of such each Borrower. This Agreement and each of the other Loan Documents to which they are a party have been duly executed and delivered by such each Borrower, and each will constitute, upon the due execution and delivery thereof, the legal, valid, and binding obligations of such each Borrower enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generallygenerally or by equitable principles of general applicability (regardless of whether considered in a proceeding at law or in equity).

Due Authorization; Validity. The signing and delivery of the Loan Documents, the performance by each Borrower of its Obligations under the Loan Documents, and the grant of the Liens on or security interests in, the Loan Collateral provided by each Borrower has to Bank have been duly authorized by all requisite corporate or other action of such Borrower. This Agreement and each of the other Loan Documents have been duly executed and delivered by such Borrower, and each will constitute, upon the due execution and delivery thereof, the legal, valid, and binding obligations of such Borrower enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' ’ rights generally.