Common use of The Designated Clause in Contracts

The Designated. Borrower Request and Assumption Agreement has been duly executed and delivered by the Company, and the Designated Borrower Request and Assumption Agreement and (by virtue of the Company’s execution of the Designated Borrower Request and Assumption Agreement) the Credit Agreement constitute the legal valid and binding obligations of such Company enforceable against such Company in accordance with their respective terms [Subject to standard local opinion law enforceability exceptions acceptable to the Administrative Agent].