The execution, delivery and performance by each Borrower of each of the Credit Documents to which it is a party, and the borrowings hereunder and the transactions forming a part of the Transactions (a) have been duly authorized by all corporate, stockholder, partnership or limited liability company action required to be obtained by each Borrower and (b) will not (i) violate (A) any provision of Laws, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents (including any partnership, limited liability company or operating agreements) or by Laws of any Borrower, (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority or (C) any provision of any Post-Petition agreement to which any Borrower is a party or by which any of them or any of their property is or may be bound, where any such violation would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (ii) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by any Borrower, other than the Liens created by the Credit Documents and Permitted Liens.