Common use of Power and Authority; Authorization; No Violation Clause in Contracts

Power and Authority; Authorization; No Violation. The Subordinated Creditor has full power, authority and legal right to execute, deliver and perform this Agreement and, to the best of its knowledge, the execution of this Agreement does not require any approval or consent of any holders of any indebtedness or obligations of the Subordinated Creditor and will not violate any provision of law, governmental regulation, order or decree or any provision of any indenture, mortgage, contract or other agreement to which the Subordinated Creditor is party or by which it or its assets are bound.

Power and Authority; Authorization; No Violation. The Subordinated Creditor has full power, authority and legal right to execute, deliver and perform this Agreement andAgreement, to and the best of its knowledgeexecution, the execution delivery and performance of this Agreement does have been duly authorized by all necessary action on the part of the Subordinated Creditor, do not require any approval or consent of any trustee or holders of any indebtedness or obligations of the Subordinated Creditor and will not violate any provision of law, governmental regulation, order or decree or any provision of any indenture, mortgage, contract or other agreement to which the Subordinated Creditor is party or by which it or its assets are is bound.