Common use of Corporate Power and Authority; Validity Clause in Contracts

Corporate Power and Authority; Validity. Each of the Borrower and the Guarantors has the corporate power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each of the Borrower and the Guarantors has duly executed and delivered each such Credit Document and each such Credit Document constitutes the legal, valid and binding obligation of such Person enforceable in accordance with its terms, subject as to enforcement only to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general principles of equity, regardless of whether in a proceeding in equity or at law.

Corporate Power and Authority; Validity. Each of the Borrower and the Guarantors Guarantor has the corporate power and authority to execute, deliver and carry out the terms and provisions of the Credit Loan Documents to which it is a party and has taken all necessary corporate action action, as applicable, to authorize the execution, delivery and performance of the Credit Documents to which it is a partyLoan Documents. Each of the Borrower and the Guarantors Guarantor has duly executed and delivered each such Credit Loan Document to which it is a party and each such Credit Loan Document constitutes the legal, valid and binding obligation of such Person Credit Party enforceable in accordance with its terms, subject as to enforcement only to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general principles of equity, regardless of whether in a proceeding in equity or at lawgenerally.

Corporate Power and Authority; Validity. Each of the Borrower and the Guarantors has the corporate power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each of the Borrower and the Guarantors has duly executed and delivered each such Credit Document and each such Credit Document constitutes the legal, valid and binding obligation of such Person enforceable in accordance with its terms, subject as to enforcement only to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights right generally and by general principles of equity, regardless of whether in a proceeding in equity or at a law.