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Proceedings. Each Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party has been duly executed and delivered by or on behalf of each Borrower and each constitutes the legal, valid and binding obligation of each Borrower party thereto enforceable against such Borrower in accordance with the terms thereof, 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 at law).

Proceedings. Each Borrower has taken all necessary action to authorize theSECTION # Authorization; Enforceability. The execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents to which it is a party.are within its corporate powers and have been duly authorized by all necessary corporate action. This Agreement and each of the other Loan Documents to which any Borrower is a party has been duly executed and delivered by or on behalf of eachthe Borrower and constitutes, and each constitutesother Loan Document, when executed and delivered by the Borrower, will constitute, a legal, valid and binding obligation of each Borrower party theretothe Borrower, enforceable against such Borrowerit in accordance with the terms thereof,its terms, subject only to applicable bankruptcy, insolvency and similarinsolvency, reorganization, moratorium or other laws affecting creditors’ rights of creditors generally,generally and to general principles of equity (regardlessequity, regardless of whether enforcement is soughtconsidered in a proceeding in equity or at law).law.

Proceedings. Each BorrowerThis Agreement has taken all necessary action to authorize the execution, deliverybeen, and performance of this Agreement and theeach other Loan Documents to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party has beenDocument, when delivered hereunder, will have been, duly executed and delivered by or on behalf of each BorrowerLoan Party that is party thereto. This Agreement constitutes, and each constitutes theother Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each BorrowerLoan Party that is party thereto enforceable against such Borrower in accordance with the terms thereof, subject only toits terms, except as enforceability may be limited by applicable bankruptcy, insolvency andinsolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights of creditors generally,generally and toby general equitable principles of equity (regardless of whether(whether enforcement is sought in a proceedingby proceedings in equity or at law).

Proceedings. Each BorrowerThis Agreement has taken all necessary action to authorize the execution, deliverybeen, and performance of this Agreement and theeach other Loan Documents to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party has beenDocument, when delivered hereunder, will have been, duly executed and delivered by or on behalf of each BorrowerLoan Party that is party thereto. This Agreement constitutes, and each constitutes theother Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each BorrowerLoan Party that is party thereto enforceable against such Borrower in accordance with the terms thereof, subject only toits terms, except as enforceability may be limited by applicable bankruptcy, insolvency andinsolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights of creditors generally,generally and toby general equitable principles of equity (regardless of whether(whether enforcement is sought in a proceedingby proceedings in equity or at law).

Proceedings. Each Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party.. This Agreement and each of the other Loan Documents to which any Borrower is a party hasDocument have been duly executed and delivered by or on behalf of each BorrowerLoan Party that is party thereto. This Agreement constitutes, and each constitutes theother Loan Document constitutes, a legal, valid and binding obligation of such Loan Party, enforceable against each BorrowerLoan Party that is party thereto enforceable against such Borrower in accordance with the terms thereof, subject only toits terms, except as enforceability may be limited by applicable bankruptcy, insolvency andinsolvency, reorganization, moratorium or similar laws affecting creditors’ rights of creditors generally,or remedies generally and toby general principles of equity (regardlessand an implied covenant of whether enforcement is sought in a proceeding in equity or at law).good faith and fair dealing.

Proceedings. Each BorrowerThis Agreement has taken all necessary action to authorize the execution, deliverybeen, and performance of this Agreement and theeach other Loan Documents to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party has beenDocument, when delivered hereunder, will have been, duly executed and delivered by or on behalf of each BorrowerLoan Party that is party thereto. This Agreement constitutes, and each constitutes theother Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each BorrowerLoan Party that is party thereto enforceable against such Borrower in accordance with the terms thereof,its terms, subject only to applicable bankruptcy, insolvency and similarinsolvency, reorganization, moratorium or other laws affecting creditors’ rights of creditors generally,generally and subject to general principlesprincipals of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).equity.

Proceedings. Each BorrowerThis Agreement has taken all necessary action to authorize the execution, deliverybeen, and performance of this Agreement and theeach other Loan Documents to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party has beenDocument, when delivered hereunder, will have been, duly executed and delivered by or on behalf of each BorrowerLoan Party that is party thereto. This Agreement constitutes, and each constitutes theother Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each BorrowerLoan Party that is party thereto enforceable against such Borrower in accordance with the terms thereof, subject only to applicableits terms, except in each case as such enforcement may be limited by principles of equity, bankruptcy, insolvency and similaror other laws affecting the enforcement of creditors’ rights of creditors generally, and to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).generally.

Proceedings. Each BorrowerThis Agreement has taken all necessary action to authorize the execution, deliverybeen, and performance of this Agreement and theeach other Loan Documents to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower is a party has beenDocument, when delivered hereunder, will have been, duly executed and delivered by or on behalf of each Borrowerthe Borrower. This Agreement constitutes, and each constitutes theother Loan Document when so delivered will constitute, a legal, valid and binding obligation of each Borrower party theretothe Borrower, enforceable against suchthe Borrower in accordance with the terms thereof, 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 at law).its terms.

Proceedings. Each Borrower has taken all necessary action to authorize the execution, delivery and performance of this Agreement and theeach such other Loan DocumentsDocument, and the consummation of the transactions contemplated herein and therein have been duly authorized by it and this Agreement and each other Loan Document to which it is a party. This Agreement and each of the other Loan Documents to which any Borrower isor may become a party has been duly executed and delivered by or on behalf of each Borrower and each constitutes theits legal, valid and binding obligation of each Borrower party thereto enforceable against such Borrowerit in accordance with theits terms thereof, subject only(subject to applicable# bankruptcy, insolvency andinsolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally and # equitable limitations on the availability of creditors generally, and to general principles of equity (regardlessspecific remedies, regardless of whether enforcementsuch enforceability is soughtconsidered in a proceeding in equity or at law).;

Proceedings. Each Borrower has taken all necessary action to authorize theEnforceability. The execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party. This Agreement andby each of the other Loan Documents to which any Borrower is a party has been duly executedBorrowers will result in valid and delivered by or on behalflegally binding obligations of each Borrower and each constitutesof the legal, valid and binding obligation of each Borrower party theretoBorrowers enforceable against each such Borrower in accordance with the respective terms and provisions hereof and thereof, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other Laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject only to applicable bankruptcy, insolvency and similar laws affecting rightsthe discretion of creditors generally, and to general principles of equity (regardless of whether enforcement is sought in athe court before which any proceeding in equity or at law).therefor may be brought.

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