Common use of Organizational Power; Authorization Clause in Contracts

Organizational Power; Authorization. The execution, delivery and performance by Borrower of the Loan Documents to which it is a party are within its limited liability company powers and have been duly authorized by all necessary board, manager, and if required, member action. This Agreement and the other Loan Documents have been duly executed and delivered by Borrower, and constitute valid and binding obligations of Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party are within its limited liability company the Borrower’s corporate powers and have been duly authorized by all necessary board, managercorporate, and if required, member stockholder, action. This Agreement and the other Loan Documents Revolving Credit Note have been duly executed and delivered by Borrower, the Borrower and constitute valid and binding obligations of the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by Borrower of the Loan Amendment Documents to which it is a party are within its limited liability company powers and have been duly authorized by all necessary board, manager, and if required, member action. This Agreement and the other Loan Amendment Documents have been duly executed and delivered by Borrower, and constitute valid and binding obligations of Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by Borrower of the Loan Documents to which it is a party are within its limited liability company powers and have been duly authorized by all necessary board, manager, and if required, member action. This Agreement and the other Loan Documents have been duly executed and delivered by Borrower, and constitute valid and binding obligations of Borrower, enforceable against it in accordance with their respective re­spective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each Borrower of the Loan Documents to which it is a party are within its limited liability company such Borrower’s organizational powers and have been duly authorized by all necessary board, managerorganizational, and if required, member action. This Agreement and the other Loan Documents have has been duly executed and delivered by such Borrower, and constitute constitutes a valid and binding obligations obligation of Borrowerthe Borrowers, enforceable against it them in accordance with their respective its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by Borrower of the Loan Documents to which it is a party are within its limited liability company powers and have been duly authorized by all necessary board, manager, and if required, member action. This Agreement and the other Loan Documents have been duly executed and delivered by Borrower, and constitute valid and binding obligations of Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ ' rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party are within its limited liability company the Borrower's corporate powers and have been duly authorized by all necessary board, managercorporate, and if required, member stockholder, action. This Agreement and the other Loan Documents Revolving Credit Note have been duly executed and delivered by Borrower, the Borrower and constitute valid and binding obligations of the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ ' rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by Borrower of the Loan Amendment Documents to which it is a party are within its limited liability company powers and have been duly authorized by all necessary board, manager, and if required, member action. This Agreement and the other Loan Amendment Documents have been duly executed and delivered by Borrower, and constitute valid and binding obligations of Borrower, enforceable against it in accordance with their respective re­spective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.