Common use of The Guarantors Clause in Contracts

The Guarantors. Each Financing Document has been duly authorized by all necessary corporate action on the part of each Guarantor that is a party thereto, and each such Financing Document constitutes a legal, valid and binding obligation of each such Guarantor, enforceable against each such Guarantor in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).