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

Power and Authority; Validity of Agreement. Each Company has the ------------------------------------------ power and authority under applicable law and under its organizational documents to enter into and perform the Loan Documents to the extent that it is a party thereto; and all actions necessary or appropriate for the execution and performance by each Company of the Loan Documents to which it is a party have been taken, and, upon their execution, the same will constitute the valid and binding obligations of each Company to the extent it is a party thereto, enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy or equitable principles applicable to the enforcement of creditors' rights generally.

Power and Authority; Validity of Agreement. Each Company of the ------------------------------------------ Companies has the ------------------------------------------ power and authority under applicable law and under its organizational documents certificate or articles of incorporation and by-laws or partnership agreement, as applicable, to enter into and perform the Loan Documents to the extent that it each is a party thereto; and all actions necessary or appropriate for the execution and performance by each Company the Companies of the Loan Documents to which it is a party have been taken, and, upon their execution, the same will constitute the valid and binding obligations of each Company the Companies to the extent it each is a party thereto, enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy or equitable principles applicable to the enforcement of creditors' rights generally.

Power and Authority; Validity of Agreement. Each Company has the ------------------------------------------ power and authority under applicable law and under its organizational documents to enter into and perform the Loan Documents to the extent that it is a party thereto; and all actions necessary or appropriate for the execution and performance by each Company of the Loan Documents to which it is a party have been taken, and, upon their execution, the same will constitute the valid and binding obligations of each Company to the extent it is a party thereto, enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy or equitable principles applicable to the enforcement of creditors' rights generally.