Common use of Authority and Authorization Clause in Contracts

Authority and Authorization. Borrower has the power and authority to execute and deliver this Agreement, to make the borrowing provided for herein, to execute and deliver the Note in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower is a party and to perform its obligations hereunder and under the Note and the other Loan Documents, and all such action has been duly and validly authorized.

Appears in 10 contracts

Samples: Loan Agreement (Global Wholehealth Partners Corp), Loan Agreement (RenovaCare, Inc.), Loan Agreement (RenovaCare, Inc.)

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Authority and Authorization. Borrower has the power and authority to execute and deliver this Agreement, to make the borrowing provided for herein, to execute and deliver the Note in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower is a party and to perform its his or her obligations hereunder and under the Note and the other Loan Documents, and all such action has been duly and validly authorized.

Appears in 6 contracts

Samples: Bridge Loan Agreement (Covenant Group of China Inc), Bridge Loan Agreement (Covenant Group of China Inc), Bridge Loan Agreement (Covenant Group of China Inc)

Authority and Authorization. Borrower has the full power and authority to execute execute, deliver and deliver carry out the provisions of this Agreement, to make the borrowing provided for herein, to execute and deliver the Note in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower it is a party party, to borrow hereunder and under the other Loan Documents and to create the Liens provided for herein, and to perform its obligations hereunder and under the Note and the other Loan Documentsthereunder, and all such action has been duly and validly authorizedauthorized by all necessary proceedings on its part.

Appears in 5 contracts

Samples: Loan and Security Agreement (Big v Supermarkets Inc), Loan and Security Agreement (Artisan Entertainment Inc), Loan and Security Agreement (Artisan Entertainment Inc)

Authority and Authorization. Borrower has the full power and authority to execute execute, deliver and deliver carry out the provisions of this Agreement, to make the borrowing provided for hereinNote, to execute the Mortgages and deliver the Note in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower it is a party party, to borrow hereunder and under the other Loan Documents and to create the Liens provided for herein, and to perform its obligations hereunder and under the Note and the other Loan Documentsthereunder, and all such action has been duly and validly authorizedauthorized by all necessary proceedings on its part.

Appears in 2 contracts

Samples: Loan and Security Agreement (Roadhouse Grill Inc), Loan and Security Agreement (Roadhouse Grill Inc)

Authority and Authorization. Borrower has the full power and authority to execute execute, deliver and deliver carry out the provisions of this Agreement, to make the borrowing provided for herein, to execute and deliver the Note in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower it is a party party, to borrow hereunder and under the other Loan Documents and to create any Liens provided for herein or therein, and to perform its obligations hereunder and under the Note and the other Loan Documentsthereunder, and all such action has been duly and validly authorizedauthorized by all necessary proceedings on its part.

Appears in 1 contract

Samples: Revolving Loan Agreement (Roadhouse Grill Inc)

Authority and Authorization. Borrower has Borrowers have the power and authority to execute and deliver this Agreement, to make the borrowing borrowings provided for herein, to execute and deliver the Note in evidence of such borrowingborrowings, to execute and deliver the other Loan Documents to which Borrower is any one or more of the Borrowers is/are a party and to perform its its/their obligations hereunder and under the Note and the other Loan Documents, and all such much action has been duly and validly authorizedauthorized by all necessary action on its part.

Appears in 1 contract

Samples: Loan Agreement (Blue Ridge Real Estate Co)

Authority and Authorization. The Borrower has the corporate power and authority to execute and deliver this Agreement, the Notes and the other Loan Documents executed by the Borrower, to make the borrowing borrowings provided for hereinin this Agreement, to execute and deliver the Note Notes in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower is a party borrowings and to perform its obligations hereunder and under this Agreement, the Note Notes and the other Loan Documents, and all . All such action has been duly and validly authorizedauthorized by all necessary corporate proceedings on the part of the Borrower.

Appears in 1 contract

Samples: Shortfall Loan Agreement (Uni Marts Inc)

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Authority and Authorization. Borrower has Borrowers have the power and authority to execute and deliver this Agreement, to make the borrowing borrowings provided for herein, to execute and deliver the Note in evidence of such borrowingborrowings, to execute and deliver the other Loan Documents to which Borrower is anyone or more of the Borrowers is/are a party and to perform its its/their obligations hereunder and under the Note and the other Loan loan Documents, and all such much action has been duly and validly authorizedauthorized by all necessary action on its part.

Appears in 1 contract

Samples: Loan Agreement (Blue Ridge Real Estate Co)

Authority and Authorization. The Borrower has the corporate power and authority to execute and deliver this Agreement, the Note and the other Loan Documents executed by the Borrower, to make the borrowing borrowings provided for hereinin this Agreement, to execute and deliver the Note in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower is a party borrowings and to perform its obligations hereunder and under this Agreement, the Note and the other Loan Documents, and all . All such action has been duly and validly authorizedauthorized by all necessary corporate proceedings on the part of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sylvan Inc)

Authority and Authorization. Borrower has the power and authority to execute and deliver this Agreement, to make extend the borrowing maturity date of the Loan as provided for herein, to execute and deliver the Amended Note in evidence of such borrowingextension, to execute and deliver the other Loan Documents to which Borrower is a party and to perform its obligations hereunder and under the Amended Note and the other Loan Documents, and all such action has been duly and validly authorized.

Appears in 1 contract

Samples: Bridge Loan Agreement (New Energy Technologies, Inc.)

Authority and Authorization. The Borrower has the corporate power and authority to execute and deliver this Agreement, the Notes, the Security Agreement, the Mortgages and the other Loan Documents executed by the Borrower, to make the borrowing borrowings provided for hereinin this Agreement, to execute and deliver the Note Notes in evidence of such borrowing, to execute and deliver the other Loan Documents to which Borrower is a party borrowings and to perform its obligations hereunder and under this Agreement, the Note Notes, the Security Agreement, the Mortgages and the other Loan Documents, and all . All such action has been duly and validly authorizedauthorized by all necessary corporate proceedings on the part of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Uni Marts Inc)

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