Common use of Execution, Delivery; Valid and Binding Agreement Clause in Contracts

Execution, Delivery; Valid and Binding Agreement. The execution, delivery and performance of this Agreement by SLFC and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery or performance of this Agreement. This Agreement has been duly executed and delivered by SLFC and, assuming that this Agreement is the valid and binding agreement of the Original Issuer and EdLinc, constitutes the valid and binding obligation of SLFC, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights or by general principles of equity.

Execution, Delivery; Valid and Binding Agreement. The execution, delivery and performance of this Agreement by SLFC the Original Issuer and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery or and performance of this Agreement. This Agreement has been duly executed and delivered by SLFC the Original Issuer and, assuming that this Agreement is the valid and binding agreement of the Original Issuer SLFC and EdLinc, constitutes the valid and binding obligation of SLFCthe Original Issuer, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights or by general principles of equity.

Execution, Delivery; Valid and Binding Agreement. The execution, delivery and performance of this Agreement by SLFC EdLinc and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery or and performance of this Agreement. This Agreement has been duly executed and delivered by SLFC EdLinc and, assuming that this Agreement is the valid and binding agreement of the Original Issuer and EdLincSLFC, constitutes the valid and binding obligation of SLFCEdLinc, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights or by general principles of equity.