Common use of Authorization; Due Execution Clause in Contracts

Authorization; Due Execution. Subject to Section 10.9, ▇▇▇▇▇ has the requisite corporate power and authority to enter into this Loan Agreement and to perform its obligations under the terms of this Loan Agreement and the Loan Documents. Subject to Section 10.9, all corporate action on the part of ▇▇▇▇▇, its officers, directors and stockholders necessary for the authorization, execution, delivery and performance of this Loan Agreement and the Loan Documents have been taken. Subject to Section 10.9, this Loan Agreement has been duly authorized, executed and delivered by ▇▇▇▇▇, and, upon due execution and delivery by Amylin, this Loan Agreement will be a valid and binding agreement of ▇▇▇▇▇, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by equitable principles.