Validity of Loan. This Agreement constitutes, and each of the other Loan Documents when executed, acknowledged and delivered, as appropriate, will constitute the legal, valid, and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms.
Validity of Loan. Borrower acknowledges for the benefit of Lender that the Note and the Loan Documents executed in connection therewith are valid and binding obligations enforceable in accordance with their terms and that Borrower has no offset or defense against the indebtedness evidenced by the Note or the obligations set forth in the Loan Documents, Borrower further acknowledges that, as of the date of this Second Amendment, and after giving effect to the Additional Disbursement the outstanding principal balance of the Note is $22,928,000.
Validity of Loan. The validity of the Loan shall not be dependent upon the completion of the Redevelopment Project or upon the performance by any person of its obligation with respect to the Redevelopment Project.
Validity of Loan. Each Eligible Loan has been duly executed and delivered and constitutes the legal, valid and binding obligation of the maker (and the endorser, if any) thereof, enforceable in accordance with its terms.
Validity of Loan. The execution, delivery and performance of this Joinder, the similar joinders being executed by Lessee to certain of the Documents, and the Documents executed by Lessee (i) are within the power of Lessee, (ii) have been authorized by all requisite action; (iii) have received all necessary approvals and consents; (iv) will not violate, conflict with, breach, or constitute (with notice or lapse of time, or both) a default under (A) any law, order or judgment of any court or governmental authority applicable to Lessee, or the governing instrument of Lessee or (B) any indenture, agreement, or other instrument to which Lessee is a party or by which Lessee or any of its property is bound or affected; (v) will not result in the creation or imposition of any lien, charge, or encumbrance upon any of its properties or assets except for those in this Joinder, the similar joinders being executed by Lessee to certain of the other Documents, and those created by the other Documents; and (vi) will not require any authorization or license from, or any filing with, any governmental or other body (except for the recordation of the Instruments, the Assignments of Leases and the UCC-1 Financing Statements under the UCC). This Joinder, the similar joinders being executed by Lessee to certain of the other Documents, and the other Documents executed by Lessee constitute legal, valid, and binding obligations of Lessee.
Validity of Loan. 4 4.3 Litigation...............................................................................................5 4.4
Validity of Loan. The execution, delivery and performance of the Loan Documents by Borrower and the borrowing evidenced by the Note (i) are within the power of Borrower; (ii) have been authorized by all requisite action; (iii) have received all necessary approvals and consents; (iv) will not violate, conflict with, breach, or constitute (with notice or lapse of time, or both) a default under (A) any law, order or judgment of any court or governmental authority applicable to Borrower, or the governing instrument of Borrower or (B) any indenture, agreement, or other instrument to which Borrower is a party or by which Borrower or any of its property is bound or affected; (v) will not result in the creation or imposition of any
