Common use of Authorization of the Transactions Clause in Contracts

Authorization of the Transactions. The Company and each Guarantor, as applicable, have or will have on or prior to the Closing Date all requisite power and authority to consummate the Transactions to which they are a party and to enter into all agreements related to the Transactions (collectively, the “Transaction Documents”) to which they are a party. Each of the Transaction Documents has been or will have been on or prior to the Closing Date, duly authorized by the Company and each Guarantor to the extent such persons are parties thereto, and, when executed and delivered by the Company and each Guarantor, (assuming due authorization, execution and delivery by the other parties thereto) constitute a legal, valid and binding agreement of the Company and each Guarantor party thereto, enforceable against the Company and each Guarantor, as applicable, in accordance with its terms, except as such enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors generally or by general equitable principles.

Authorization of the Transactions. The Company and each the Guarantor, as applicable, have or will have on or prior to the Closing Date all requisite power and authority to consummate the Transactions to which they are a party and to enter into all agreements related to the Transactions (collectively, the “"Transaction Documents”") to which they are a party. Each of the Transaction Documents has been or will have been on or prior to the Closing Date, Date duly authorized by the Company and each the Guarantor to the extent such persons are parties thereto, and, when executed and delivered by the Company and each Guarantor, the Guarantor will (assuming due authorization, execution and delivery by the other parties thereto) constitute a legal, valid and binding agreement of each of the Company and each the Guarantor party thereto, enforceable against the Company and each the Guarantor, as applicable, in accordance with its terms, except as such enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors generally or by general equitable principles.