Common use of Authorization of Borrowing Etc Clause in Contracts

Authorization of Borrowing Etc. The execution, delivery and performance of this Agreement, the borrowings hereunder and the execution and delivery of the Notes and other Loan Documents required hereunder have been duly authorized by all requisite trust, limited partnership, or corporate action, as applicable, of the Borrower, NHLP and National, and will not violate any provision of law, any order of any court or other agency of government, any provision of any indenture, agreement or other instrument to which either the Borrower, NHLP or National is a party (with due notice and/or lapse of time), or by which the Borrower, NHLP or National or any of their properties or assets are bound, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of the properties or assets of the Borrower, NHLP or National, except as contemplated by this Agreement.