None of the purchase by the Purchaser of the Purchased Units, the execution, delivery and performance of the Transaction Documents by the Purchaser or the consummation of the transactions contemplated thereby (i) constitutes or will constitute a violation of the organizational documents of the Purchaser, (ii) constitutes or will constitute a breach or violation of, or a default (or an event which, with notice or lapse of time or both, would constitute such a default) or Debt Repayment Triggering Event under, any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to which the Purchaser is a party or by which it or any of its properties may be bound, (iii) violates or will violate any statute, Law, rule or regulation or any order, judgment, decree or injunction of any court or arbitrator or governmental agency or body directed to the Purchaser or any of its properties in a proceeding to which it or its property is a party or (iv) results or will result in the creation or imposition of any Lien upon any property or assets of the Purchaser, which breaches, violations, defaults or Liens, in the case of clauses (ii), (iii) or (iv), would, individually or in the aggregate, materially impair the ability of the Purchaser to perform its obligations under this Agreement.