The Loan Documents. The execution, delivery and performance by Borrower of each Loan Document to which it is a party are within Borrower's powers, have been duly authorized by all necessary action, do not contravene # Borrower's charter or by-laws or # any law or any contractual restriction binding on or affecting Borrower, and do not result in or require the creation of any Lien, security interest or other charge or encumbrance (other than pursuant to the terms thereof) upon or with respect to any of its properties.

Power and Authority. Each Borrower is duly authorized to execute, deliver and perform its Loan Documents. The execution, delivery and performance by Borrower of eachthe Loan Document to which it is a party are within Borrower's powers,Documents have been duly authorized by all necessary action, do not contravene # Borrower's charter or by-laws or # any law or any contractual restriction binding on or affecting Borrower, and do not # require any consent or approval of any holders of Equity Interests of any Borrower, except those already obtained; # contravene the Organic Documents of any Borrower; # violate or cause a default under any Applicable Law or Material Contract; or # result in or require the creationimposition of any Lien, security interest or other charge or encumbranceLien (other than pursuant to the terms thereof) upon or with respect toPermitted Liens) on any of its properties.Borrower’s Property.

The Loan Documents. The execution, delivery and performance by the Borrower of each Loan Document to which it is a party are within Borrower's powers, have been duly authorized by all necessary action, do not contravene # Borrower's chartercorporate or by-laws or # any law or any contractual restriction binding on or affecting Borrower,other organizational action, and do not and will not # contravene the terms of any of the Borrower’s Organization Documents; # conflict with or result in any breach or requirecontravention of, or the creation of any Lien, security interestLien under # any Contractual Obligation to which the Borrower is a party or other charge# any order, injunction, writ or encumbrance (other than pursuantdecree of any Governmental Authority or any arbitral award to which the Borrower or its property is subject; or # violate any Law, except in each case referred to in clause (b)(i),(b)(ii) or (c), to the terms thereof) upon or with respectextent that failure to any of its properties.do so could not reasonably be expected to have a Material Adverse Effect.

The Loan Documents.. The execution, delivery and performance by Borrowereach Loan Party of each Loan Document to which itsuch Person is a party are within Borrower's powers,party, have been duly authorized by all necessary action, do not contravene # Borrower's chartercorporate or by-laws or # any law or any contractual restriction binding on or affecting Borrower,other organizational action, and do not and will not # contravene the terms of any of such Person’s Organization Documents; # conflict with or result in any breach or requirecontravention of, or the creation of any Lien, security interestLien under, or other charge or encumbrancerequire any payment to be made under # any Contractual Obligation (other than pursuantthe Loan Documents) to which such Person is a party or affecting such Person or the terms thereof) uponproperties of such Person or with respect# any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or # violate any of its properties.Law.

Authorization and Validity. The Borrower has the power and authority and legal right to execute and deliver the Loan Documents.Documents and to perform its obligations thereunder. The execution,execution and delivery and performance by the Borrower of eachthe Loan Document to which it is a party are within Borrower's powers,Documents and the performance of its obligations thereunder have been duly authorized by all necessary action, do not contravene # Borrower's charterproper corporate proceedings, and the Loan Documents constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or by-similar laws affecting the enforcement of creditors’ rights generally or # any law or any contractual restriction binding on or affecting Borrower, and do not result in or require the creation of any Lien, security interest or other charge or encumbrance (other than pursuant to the terms thereof) upon or with respect to any of its properties.by equitable principles.

The Loan Documents.Authorization; No Contravention. The execution, delivery and performance by Borrowereach Loan Party of each Loan Document to which itsuch Person is or is to be a party are within Borrower's powers,# have been duly authorized by all necessary corporate or other organizational action, # do not contraveneand will not # Borrower'violate any of such Person’s charter or by-laws orOrganization Documents, # any law or any contractual restriction binding on or affecting Borrower, and do not result in or require the creation of any Lien, security interestLien not permitted by the Loan Documents, # violate any Contractual Obligation to which such Person is a party or other chargeby which it or encumbrance (other than pursuant to the terms thereof) upon or with respect to any of its properties.properties is bound or # violate any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or # violate any Law, except in each case referred to in [clause (b)](ii)-(iv) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

The Loan Documents. TheProceedings. Each Borrower has taken all necessary action to authorize the execution, delivery and performance by Borrower of eachthis Agreement and the other Loan DocumentDocuments to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party are within Borrower's powers, havehas been duly authorizedexecuted and delivered by all necessary action, do not contravene # Borrower's charter or by-laws or # any law or any contractual restrictionon behalf of each Borrower and each constitutes the legal, valid and binding on or affecting Borrower, and do not resultobligation of each Borrower party thereto enforceable against such Borrower in or require the creation of any Lien, security interest or other charge or encumbrance (other than pursuant toaccordance with the terms thereof) uponthereof, subject only to applicable bankruptcy, insolvency and similar laws affecting rights of creditors generally, and to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or with respect to any of its properties.at law).

The Loan Documents.Documents are and shall continue to be in all respects valid and binding upon Borrower according to their terms, subject to all Laws, including, without limitation, equitable principles, insolvency Laws, and other matters applying to creditors generally; provided, however, that the implementation of such Laws do not and will not affect the ultimate realization of the Obligations. The execution,execution and delivery by Borrower, and the performance by BorrowerBorrower, of eachall its obligations under the Loan Document to which it is a party are within Borrower's powers,Documents have been duly authorized by all necessary action, do not contravene # Borrower's charter or by-laws or # any law or any contractual restriction binding on or affecting Borrower,action and do not result in or require the creation of any Lien, security interest or other charge or encumbrance (other than pursuant to the terms thereof) upon or with respect to any of its properties.and will not: