Validity of Credit Documents. The validity or enforceability of any Credit Document shall at any time for any reason (other than solely as the result of an action or failure to act on the part of the Administrative Agent) be declared to be null and void, or a proceeding shall be commenced by a Credit Party or its Subsidiaries, or by any Governmental Authority having jurisdiction over a Credit Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Credit Party or its Subsidiaries shall deny that such Credit Party or its Subsidiaries has any liability or obligation purported to be created under any Credit Document (except as the result of the release or termination thereof in accordance with the terms of the Credit Documents);
Validity of Credit Documents. The validity or enforceability of any Credit Document shall at any time for any reason (other than solely as the result of an action or failure to act on the part of the Administrative Agent) be declared to be null and void, or a proceeding shall be commenced by a Credit Party, or by any Governmental Authority having jurisdiction over a Credit Party, seeking to establish the invalidity or unenforceability thereof, or a Credit Party shall deny that such Credit Party has any liability or obligation purported to be created under any Credit Document; or
Validity of Credit Documents. The execution, delivery and performance by Borrower and Guarantor of the Credit Documents to which they are party: (a) are duly authorized and do not require the consent or approval of any other party or Governmental Authority that has not been obtained and (b) will not violate any law in any material respect or result in the imposition of any Lien, charge or encumbrance upon the assets of any such party, except as contemplated by the Credit Documents. The Credit Documents constitute the legal, valid and binding obligations of Borrower and each Borrower Party who is a party to such Credit Documents, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, or similar laws generally affecting the enforcement of creditors’ rights. The Credit Documents are not subject to, and Borrower has not asserted, any right of rescission, set-off, counterclaim or defense, including the defense of usury. No exercise of any of the terms of the Credit Documents or the Environmental Indemnity Agreement, or any right thereunder, will render any Credit Document unenforceable.
Validity of Credit Documents. That each and all of the Credit Documents, and the rights and remedies granted to the Lenders thereunder, are fully binding upon and enforceable against the Borrower in accordance with their respective terms.
Validity of Credit Documents. That the Credit Documents are in all respects valid and legally binding obligations, enforceable in accordance with their respective terms, subject to those exceptions in the legal opinions issued to Bank, and grant to Bank a direct, valid and enforceable first mortgage lien on and security interest in and to the Project, including any and all Personal Property acquired by Company after the date of this Agreement.
