Common use of Organizational Power; Authorization Clause in Contracts

Organizational Power; Authorization. The execution, delivery and performance by each Borrower of the Loan Documents to which it is a party are within such Borrower’s organizational powers and have been duly authorized by all necessary organizational and, if required, shareholder, partner or member action. This Agreement has been duly executed and delivered by each Borrower and constitutes, and each other Loan Document to which any Borrower is a party, when executed and delivered by such Borrower, will constitute, valid and binding obligations of such Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, general partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable en­forceable against it in accordance with their respective re­spective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Subordinated Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational and, if required, shareholder, partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Subordinated Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholderstockholder, partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each Borrower of the Loan Operative Documents to which it is a party are within such Borrower’s its organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner stockholder or member action. This Agreement has been duly executed and delivered by each Borrower Borrower, and constitutes, and each other Loan Operative Document to which any such Borrower is a party, when executed and delivered by such Borrower, will constitute, valid and binding obligations of such Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such Borrower’s its organizational powers and have been duly authorized by all necessary organizational and, if required, shareholder, partner or member action. This Agreement has been duly executed and delivered by each the Borrower and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member shareholder action. This Agreement and each other Loan Document dated the date hereof has been duly executed and delivered by each Borrower Borrower, and constitutes, and each other Loan Document to which any Borrower is will become a party, when executed and delivered by such Borrower, will Borrower shall constitute, valid and binding obligations of such Borrower, enforceable against it Borrower in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such BorrowerPerson’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s 's organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholderstockholder, partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors’ ' rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Subordinated Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, general partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Subordinated Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of this Agreement and the other Loan Documents to which it is a party are within such the Borrower’s 's legal organizational powers and have been duly authorized by all necessary organizational and, if required, shareholder, partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ ' rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each Borrower of the Loan Documents to which it is a party are within such Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower Borrower, and constitutes, and each other Loan Document to which any each Borrower is a party, when executed and delivered by such Borrower, will constitute, valid and binding obligations of such Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, general partner or member action. This Agreement has been duly executed and delivered by each Borrower and constitutesthe Borrower, andconstitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have has been duly authorized by all necessary organizational and, if required, shareholder, partner or member action. This Agreement has been duly executed and delivered by each the Borrower and constitutes, and each other Loan Document to which any Borrower it is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable en-forceable against it in accordance with their respective re-spective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such BorrowerPerson’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable en­forceable against it in accordance with their respective re­spective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have has been duly authorized by all necessary organizational and, if required, shareholder, partner or member action. This Agreement has been duly executed and delivered by each the Borrower and constitutes, and each other Loan Document to which any Borrower it is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any Borrower it is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such the Borrower’s 's organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, general partner or member action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ ' rights generally and by general principles of equity.

Organizational Power; Authorization. The execution, delivery and performance by each the Borrower of the Loan Documents to which it is a party are within such Borrower’s Person's organizational powers and have been duly authorized by all necessary organizational andorganizational, and if required, shareholder, partner or member member, action. This Agreement has been duly executed and delivered by each Borrower the Borrower, and constitutes, and each other Loan Document to which any the Borrower is a party, when executed and delivered by such the Borrower, will constitute, valid and binding obligations of such the Borrower, enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement of creditors’ ' rights generally and by general principles of equity.