Common use of Proceedings Clause in Contracts

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute a legal, valid and binding obligations obligation of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Such Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of such Borrower and constitute legal, valid and binding obligations of such Borrower enforceable against such Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute the legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents to which it is a party have been duly executed and delivered by or on behalf of Borrower and constitute the legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute a legal, valid and binding obligations obligation of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan DocumentsDocuments to which it is a party. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. (a) Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to ----------- authorize the its execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights of creditors generally, generally and subject, as to enforceability, to by general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Each Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan DocumentsDocuments to which it is a party. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of each Borrower and constitute legal, valid and binding obligations of Borrower such Borrower, enforceable against such Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generallyDebtor Relief Laws, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Such Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of such Borrower and constitute the legal, valid and binding obligations of such Borrower enforceable against such Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency insolvency, reorganization and similar laws affecting rights of creditors generally, generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and and, to Borrower’s knowledge, constitute legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights of creditors generally, generally and subject, as to enforceability, to by general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute the legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute the legal, valid and binding obligations obligation of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each Individual Borrower and constitute a legal, valid and binding obligations obligation of Borrower such Individual Borrower, enforceable against such Individual Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower Entity and constitute a legal, valid and binding obligations obligation of such Borrower Entity, enforceable against each Borrower Entity in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each Borrower and constitute a legal, valid and binding obligations obligation of Borrower each Borrower, enforceable against each Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each Borrower and constitute a legal, valid and binding obligations obligation of Borrower such Borrower, enforceable against such Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute the legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower Xxxxxxxx has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency insolvency, reorganization and similar laws affecting rights of creditors generally, generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such those other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf behalf, of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each Borrower and constitute legal, valid and binding obligations of Borrower each Borrower, enforceable against each Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Individual Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Individual Borrower and constitute legal, valid and binding obligations of Individual Borrower enforceable against Individual Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and Principal and constitute a legal, valid and binding obligations obligation of Borrower Borrower, enforceable against each Borrower and Principal in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).. 66

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute a legal, valid and binding obligations obligation of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law). 3.1.3.

Proceedings. Each Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of each Borrower and constitute legal, valid and binding obligations of each Borrower enforceable against such Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by by, or on behalf of of, Borrower and constitute legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower Xxxxxxxx has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each Individual Borrower and constitute a legal, valid and binding obligations obligation of Borrower each Individual Borrower, enforceable against each Individual Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize ----------- the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each Borrower and constitute the legal, valid and binding obligations obligation of Borrower each Borrower, enforceable against each Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights of creditors generally, and subject, as to enforceability, to by general principles of equity (regardless of whether enforcement such enforceability is sought considered in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to except as such enforcement may be limited by applicable bankruptcy, insolvency Creditors Rights Laws and similar laws Laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws and legal principles affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has have each taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents. This Agreement and such the other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute the legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, ‑43 ‑ to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower Borrower, enforceable against Borrower in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors' rights of creditors generally, generally and subject, as to enforceability, to by general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this This Agreement and the other Loan Documents. This Agreement and such other Loan Documents have been duly authorized, executed and delivered by or on behalf of each of Borrower and Guarantor and constitute legal, valid and binding obligations of Borrower and Guarantor, respectively, enforceable against Borrower and Guarantor in accordance with their respective terms, subject only to applicable except as such enforcement may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors' rights of creditors generally, generally and subject, as to enforceability, to by general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law).

Proceedings. Borrower has taken all necessary action to authorize the execution, delivery and performance of this Loan Agreement and the other Loan Documents. This Loan Agreement and such other Loan Documents have been duly executed and delivered by or on behalf of Borrower and constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).