Common use of Due Organization, Qualification and Authority; Enforceability Clause in Contracts

Due Organization, Qualification and Authority; Enforceability. Each Lender hereby individually represents, as to itself, that it (i) is duly organized, validly existing and in good standing under the laws of its formation, and is duly qualified to transact business, in good standing and licensed in each jurisdiction to the extent necessary to perform its duties and obligations under this Agreement in accordance with the terms of this Agreement, (ii) has the full power, authority and legal right to execute and deliver this Agreement and to perform in accordance herewith and (iii) has duly authorized the execution, delivery and performance of this Agreement and has duly executed and delivered this Agreement. This Agreement constitutes the valid, legal, binding obligation of each Lender, except as the enforceability hereof may be limited by Bankruptcy Laws and by general principles of equity.

Due Organization, Qualification and Authority; Enforceability. Each Lender hereby individually representsrepresents and warrants, as to itself, that it (i) is duly organized, validly existing and in good standing under the laws of its formation, and is duly qualified to transact business, in good standing and licensed in each jurisdiction state to the extent necessary to perform its duties and obligations under this Agreement in accordance with the terms of this Agreement, ; (ii) has the full power, authority and legal right to execute and deliver this Agreement and to perform in accordance herewith and herewith; (iii) has duly authorized the execution, delivery and performance of this Agreement and has duly executed and delivered this Agreement. This Agreement constitutes the valid, legal, binding obligation of each the Lender, except as the enforceability hereof may be limited by Bankruptcy Laws and by general principles of equity.