Common use of Authorization and Validity Clause in Contracts

Authorization and Validity. Each Loan Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (or, in the case of Loan Parties that are not corporations, other) proceedings, and the Loan Documents constitute legal, valid and binding obligations of the applicable Loan Parties enforceable against them in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law).

Authorization and Validity. Each of the Loan Party Parties has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each of the Loan Party Parties of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (or, in the case of Loan Parties that are not corporations, other) or other organizational proceedings, and the Loan Documents to which each such Loan Party is a party constitute legal, valid and binding obligations of the applicable such Loan Parties Party enforceable against them such Loan Party in accordance with their its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and or by general equitable principles (regardless of whether enforcement is sought in equity or law)principles.

Authorization and Validity. Each Loan Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (orcorporate, in the case of Loan Parties that are not corporations, other) limited liability company or partnership proceedings, and the Loan Documents to which each Loan Party is a party constitute legal, valid and binding obligations of the applicable such Loan Parties Party enforceable against them such Loan Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law)generally.

Authorization and Validity. Each Loan Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (orcorporate, in the case of Loan Parties that are not corporations, other) partnership or limited liability company proceedings, and the Loan Documents to which each Loan Party is a party constitute legal, valid and binding obligations of the applicable such Loan Parties Party enforceable against them such Loan Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law)generally.

Authorization and Validity. Each of the Loan Party Parties has the requisite power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each of the Loan Party Parties of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (or, in the case of Loan Parties that are not corporations, other) proceedings, and the Loan Documents to which it is a party constitute legal, valid and binding obligations of each of the applicable Loan Parties enforceable against them each of the Loan Parties in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ ' rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law)generally.

Authorization and Validity. Each Loan Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (orcorporate, in the case of Loan Parties that are not corporationslimited liability company or partnership, other) as applicable, proceedings, and the Loan Documents constitute to which each Loan Party is a party are legal, valid and binding obligations of the applicable such Loan Parties Party enforceable against them such Loan Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws Laws affecting the enforcement of creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law)generally.

Authorization and Validity. Each of the Loan Party Parties has the requisite power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each of the Loan Party Parties of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (or, in the case of Loan Parties that are not corporations, other) proceedings, and the Loan Documents to which it is a party constitute legal, valid and binding obligations of each of the applicable Loan Parties enforceable against them each of the Loan Parties in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Authorization and Validity. Each Loan Obligated Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Obligated Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (or, in the case of Loan Parties that are not corporations, other) proceedings, and the Loan Documents to which such Obligated Party is a party constitute legal, valid valid, and binding obligations of the applicable Loan Parties such Obligated Party enforceable against them such Obligated Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency insolvency, or similar laws affecting the enforcement of creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law)generally.

Authorization and Validity. Each Loan Obligated Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Obligated Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate (or, in the case of Loan Parties that are not corporations, other) proceedings, and the Loan Documents to which such Obligated Party is a party constitute legal, valid valid, and binding obligations of the applicable Loan Parties such Obligated Party enforceable against them such Obligated Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency insolvency, or similar laws affecting the enforcement of creditors’ ' rights generally and by equitable principles (regardless of whether enforcement is sought in equity or law)generally.