The execution, delivery and performance of the Loan Documents are within the corporate power of the Borrower, have been duly authorized by the Borrower and are not in contravention of law or the terms of the Borrower's Articles of Incorporation and By-Laws. The execution, delivery and performance of the Loan Documents does not and will not contravene any documents, agreements or undertakings to which the Borrower is a party or by which the Borrower is bound. No approval of any person, corporation , governmental body or other entity is a prerequisite to the execution, delivery, validity or enforceability and performance of the Loan Documents . When executed by the Borrower , the Loan Documents to which the Borrower is a party will constitute the legally binding obligations of the Borrower , enforceable in accordance with their terms except as the enforceability may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights generally.