Common use of Corporate Authorization; Binding Effect Clause in Contracts

Corporate Authorization; Binding Effect. The Borrower has taken all requisite action necessary to authorize its execution and delivery of each Loan Document to which it is a party and the consummation of the transactions contemplated hereby; each Loan Document to which the Borrower is a party constitutes its valid and binding agreement, enforceable against the Borrower in accordance with their respective terms, except to the extent limited by bankruptcy, reorganization, insolvency, moratorium and other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Corporate Authorization; Binding Effect. The Borrower Each Loan Party has taken all requisite action necessary to authorize its execution and delivery of each Loan Document to which it is a party and the consummation of the transactions contemplated hereby; each Loan Document to which constitutes the Borrower is a party constitutes its valid and binding agreementagreements of each Loan Party that is party to such Loan Documents, enforceable against the Borrower such Loan Party in accordance with their respective terms, except to the extent limited by bankruptcy, reorganization, insolvency, moratorium and other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Corporate Authorization; Binding Effect. The Borrower has taken all requisite action necessary full power and authority to authorize its enter into this Agreement and the other Loan Documents. The execution and delivery of each Loan Document to which it is a party this Agreement and the consummation other Loan Documents, and the performance and observance of their terms, conditions and obligations, have been duly authorized by all necessary corporate action by Borrower. This Agreement and the transactions contemplated hereby; each Loan Document to which Notes are, and when executed by Borrower the Borrower is a party constitutes its Security Documents will be, legal, valid and binding agreementobligations of Borrower, enforceable against the Borrower in accordance with their respective terms, except to the extent limited by bankruptcy, reorganization, insolvency, moratorium and other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Corporate Authorization; Binding Effect. The Borrower has taken all requisite action necessary to authorize its execution and delivery of each Loan Document to which it is a party and the consummation of the transactions contemplated hereby; each Loan Document to which the Borrower is a party constitutes its valid and binding agreement, enforceable against the Borrower in accordance with their respective terms, except to the extent limited by bankruptcy, reorganization, insolvency, moratorium and other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general equitable principles.. \52150599