Common use of Validity of Security Agreement; Corporate Authority Clause in Contracts

Validity of Security Agreement; Corporate Authority. This Security Agreement is the legal, valid and binding obligation of the Debtor, enforceable in accordance with its terms, subject only to limitations on enforceability imposed by (i) applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors' rights generally and (ii) general equitable principles. The Debtor has the corporate power to execute, deliver and carry out the terms and provisions of this Security Agreement and all related documents, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Security Agreement and all related documents.

Validity of Security Agreement; Corporate Authority. This Security Agreement is the legal, valid and binding obligation of the Debtor, enforceable in accordance with its terms, subject only to limitations 'imitations on enforceability imposed by (i) applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors' rights generally and (iiil) general equitable principles. The Debtor has the corporate power to execute, deliver and carry out the terms and provisions of this Security Agreement and all related documents, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Security Agreement and all related documents.

Validity of Security Agreement; Corporate Authority. This Security Agreement is the legal, valid and binding obligation of the Debtor, enforceable in accordance with its terms, subject only to limitations on enforceability imposed by (i) by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors' rights generally and (ii) by general equitable principles. The Debtor has the corporate power to execute, deliver and carry out the terms and provisions of this Security Agreement and all related documents, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Security Agreement and all related documents.