Common use of Enforceable Obligations; Authorization Clause in Contracts

Enforceable Obligations; Authorization. The Loan Documents are legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' rights generally and by general equitable principles. The execution, delivery and performance of the Loan Documents by Borrower (a) have all been duly authorized by all necessary action; (b) are within the corporate power and authority of Borrower; (c) do not and will not contravene or violate any Legal Requirement applicable to Borrower or the Organizational Documents of Borrower, the contravention or violation of which could reasonably be expected to have a Material Adverse Effect; (d) do not and will not result in the breach of, or constitute a default under, any material agreement or instrument by which Borrower or any of its Property may be bound, and (e) do not and will not result in the creation of any Lien upon any Property of Borrower, except in favor of Agent or as expressly contemplated herein or therein. All necessary permits, registrations and consents for such making and performance have been obtained.

Enforceable Obligations; Authorization. The Loan Credit Documents are legal, valid and binding obligations of Borrowerthe Parties, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' ’ rights generally and by general equitable principles. The execution, delivery and performance of the Loan Credit Documents by Borrower (a) have all been duly authorized by all necessary action; (b) are within the corporate power and authority of Borrowerthe Parties; (c) do not and will not contravene or violate any Legal Requirement applicable to Borrower or the Organizational Documents of Borrower, the contravention or violation of which could reasonably be expected to have a Material Adverse EffectParties; (d) do not and will not result in the breach of, or constitute a default under, any material agreement or instrument by which Borrower the Parties or any of its their respective Property may be boundbound or affected, except where such breach or default could not reasonably be expected to have a Material Adverse Effect; and (e) do not and will not result in the creation of any Lien upon any Property of Borrower, any of the Parties except in favor of Agent or as expressly contemplated herein or therein. All necessary permits, registrations and consents for such making and performance have been obtainedobtained except where the lack thereof would not reasonably be expected to have a Material Adverse Effect.

Enforceable Obligations; Authorization. The Loan Documents are legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' ’ rights generally and by general equitable principles. The execution, delivery and performance of the Loan Documents by Borrower (a) have all been duly authorized by all necessary action; (b) are within the corporate power and authority of Borrower; (c) do not and will not contravene or violate any Legal Requirement applicable to Borrower or the Organizational Documents of Borrower, the contravention or violation of which could reasonably be expected to have a Material Adverse Effect; (d) do not and will not result in the breach of, or constitute a default under, any material agreement or instrument by which Borrower or any of its Property may be bound, and (e) do not and will not result in the creation of any Lien upon any Property of Borrower, except in favor of Agent or as expressly contemplated herein or therein. All necessary permits, registrations and consents for such making and performance have been obtained.

Enforceable Obligations; Authorization. The Loan Credit Documents are legal, valid and binding obligations of Borrowerthe Borrowers, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' rights generally and by general equitable principles. The execution, delivery and performance of the Loan Credit Documents by Borrower (a) have all been duly authorized by all necessary action; (b) are within the corporate power and authority of Borrowerthe Borrowers; (c) do not and will not contravene or violate any applicable Legal Requirement applicable to Borrower or the Organizational Documents of Borrower, the contravention or violation of which could reasonably be expected to have a Material Adverse EffectBorrowers; (d) do not and will not result in the breach of, or constitute a default under, any material agreement or instrument by which any Borrower or any of its their respective Property may be boundbound or affected, and (e) do not and will not result in the creation of any Lien upon any Property of Borrower, any of the Borrowers except in favor of Agent or as expressly contemplated herein or therein. All necessary permits, registrations and consents for such making and performance have been obtained.

Enforceable Obligations; Authorization. The Loan Documents are legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' creditors rights generally and by general equitable principles. The execution, delivery and performance of the Loan Documents by Borrower (a) have all been duly authorized by all necessary corporate, and if necessary shareholder, action; (b) are within the corporate power and authority of the Borrower; (c) do not and will not contravene or violate any Legal Requirement applicable to Borrower or the Organizational Documents of the Borrower, the contravention or violation of which could reasonably be expected to have a Material Adverse Effect; (d) do not and will not result in the breach of, or constitute a default under, any material agreement or instrument by which the Borrower or any of its Property may be bound, bound or affected; and (e) do not and will not result in the creation of any Lien upon any Property of Borrower, the Borrower except in favor of Agent or as expressly contemplated herein or therein. All necessary approvals of any Governmental Authority and all other requisite permits, registrations and consents for such making and the performance have been obtainedobtained for the delivery and performance of the Loan Documents.

Enforceable Obligations; Authorization. The Loan Documents have been duly executed and delivered by each applicable Obligor and are legal, valid and binding obligations of Borrowereach applicable Obligor, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' rights generally and by general equitable principles. The execution, delivery and performance of the Loan Documents by Borrower (a) have all been duly authorized by all necessary action; (b) are within the corporate power and authority of Borrowereach applicable Obligor; (c) to the best of Borrower's knowledge, do not and will not contravene or violate any Legal Requirement applicable to Borrower any applicable Obligor or the Organizational Documents of Borrowerany applicable Obligor, the contravention or violation of which could would reasonably be expected to have a Material Adverse Effect; (d) do not and will not result in the breach of, or constitute a default under, any material agreement or instrument by which Borrower any Obligor or any of its Property may be boundbound the contravention or violation of which would reasonably be expected to have a Material Adverse Effect, and (e) do not and will not result in the creation of any Lien upon any Property of Borrower, except in favor of Agent or as expressly contemplated herein or therein. All necessary permits, registrations and consents for such making and performance have been obtained.any

Enforceable Obligations; Authorization. The Loan Documents are legal, valid and binding obligations of Borrowereach applicable Obligor, enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws and judicial decisions affecting creditors' rights generally and by general equitable principles. The execution, delivery and performance of the Loan Documents by Borrower the applicable Obligor (a) have all been duly authorized by all necessary action; (b) are within the corporate power and authority of Borrowereach applicable Obligor; (c) do not and will not contravene or violate any Legal Requirement applicable to Borrower any applicable Obligor or the Organizational Documents of Borrowerany applicable Obligor, the contravention or violation of which could would reasonably be expected to have a Material Adverse Effect; (d) do not and will not result in the breach of, or constitute a 63 default under, any material agreement or instrument by which Borrower any Obligor or any of its Property may be bound, and (e) do not and will not result in the creation of any Lien upon any Property of Borrowerany Obligor, except in favor of Agent or as expressly contemplated herein or thereinherein. All necessary permits, registrations and consents for such making and performance have been obtained.