Common use of Power and Authority; Validity of Agreement Clause in Contracts

Power and Authority; Validity of Agreement. Each Borrower has the power and authority under the law of its state of incorporation and under its articles or certificate of incorporation and by-laws to enter into and perform the Loan Documents, to the extent it is a party thereto; all actions (corporate or otherwise) necessary or appropriate for Borrowers' execution and performance of the Loan Documents, to the extent it is a party thereto, have been taken; and, upon their execution, the Loan Documents will constitute the valid and binding obligations of Borrowers, to the extent each is a party thereto, enforceable in accordance with their terms.

Power and Authority; Validity of Agreement. Each Borrower has ------------------------------------------ the power and authority under the applicable law of its state of incorporation and under its articles or certificate of incorporation and by-laws bylaws or other organizational documents to enter into and perform the Loan Documents, Documents to the extent that it is a party thereto; and all actions (corporate or otherwise) necessary or appropriate for Borrowers' the execution and performance by such Borrower of the Loan Documents, to the extent it is a party thereto, Documents have been taken; , and, upon their execution, the Loan Documents same will constitute the valid and binding obligations of Borrowers, each Borrower to the extent each it is a party thereto, enforceable in accordance with their terms.

Power and Authority; Validity of Agreement. Each Borrower has the power and authority under the applicable law of its state of incorporation and under its articles or certificate of incorporation and by-laws bylaws or other organizational documents to enter into and perform the Loan Documents, Financing Agreements to the extent that it is a party thereto; and all actions (corporate or otherwise) necessary or appropriate for Borrowers' the execution and performance by such Borrower of the Loan Documents, to the extent it is a party thereto, Financing Agreements have been taken; , and, upon their execution, the Loan Documents same will constitute the valid and binding obligations of Borrowers, each Borrower to the extent each it is a party thereto, enforceable in accordance with their terms.

Power and Authority; Validity of Agreement. Each Borrower has the power and authority under the applicable law of its state of incorporation and under its articles or certificate of incorporation and by-laws bylaws or other organizational documents to enter into and perform the Loan Documents, Documents to the extent that it is a party thereto; and all actions (corporate or otherwise) necessary or appropriate for Borrowers' the execution and performance by such Borrower of the Loan Documents, to the extent it is a party thereto, Documents have been taken; , and, upon their execution, the Loan Documents same will constitute the valid and binding obligations of Borrowers, each Borrower to the extent each it is a party thereto, enforceable in accordance with their terms.