Common use of Authorization and Validity Clause in Contracts

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ ' rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and this Agreement constitutes, and the Revolving Notes and other Loan Documents constitute when executed will constitute, the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ ' rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower. This Agreement constitutes, and the Notes and other Loan Documents constitute when executed will constitute, the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and the organizational action. Each Loan Documents constitute the legal, valid and binding obligations Document is an enforceable obligation of the Borrower, enforceable against the Borrower in accordance with their respective its terms, subject to limitations except as to enforceability which might result from may be limited by bankruptcy, insolvency, moratorium and other insolvency or similar laws affecting the enforcement of creditors’ rights generally and subject to limitations on the availability of equitable remedies.generally. Redback – Loan Agreement

Authorization and Validity. The execution, execution and delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the Borrower, Guarantor, Owner or the party which executed the same, enforceable against the Borrower in accordance with their respective terms, subject to limitations except as to enforceability which might result from such enforcement may be limited by bankruptcy, insolvency, moratorium and or other similar laws affecting the enforcement of creditors’ rights generally and subject to limitations on rights, or by the availability application of equitable remediesrules of equity.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ ' rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate entity action by the Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower them in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ ' rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents to which it is a party have been duly authorized by all necessary corporate action by the Borrower, and the such Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower Borrowers of the Loan Documents have been duly authorized by all necessary corporate action by the each Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the each Borrower, enforceable against the Borrower Borrowers in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower Company of the Loan Documents have been duly authorized by all necessary corporate action by the BorrowerCompany, and this Agreement constitutes, and the Notes and other Loan Documents constitute when executed will constitute, the legal, valid and binding obligations of the BorrowerCompany, enforceable against the Borrower Company in accordance with their respective terms, terms subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ ' rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have has been duly authorized by all necessary corporate company action by the Borrower, and the such Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower and the Guarantors of the Loan Documents have been duly authorized by all necessary corporate approval action by the BorrowerBorrower and the Guarantors, and the Loan Documents constitute the legal, valid and binding obligations of the BorrowerBorrower and the Guarantors, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the each Borrower of the Loan Documents to which such Borrower is a party have been duly authorized by all necessary corporate company action by the such Borrower, and the Loan Documents constitute the legal, valid and binding obligations of the BorrowerBorrower thereto, enforceable against the such Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower. This Agreement constitutes, and the Note and other Loan Documents constitute when executed will constitute, the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by the Borrower of the Loan Documents have been duly authorized by all necessary corporate action by the Borrower, and this Agreement constitutes, and the Revolving Notes and other Loan Documents constitute when executed will constitute, the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations as to enforceability which might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies.to