Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 40 contracts
Samples: Loan Agreement, Loan Agreement, Restructuring Support Agreement (Crossroads Systems Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver this Agreement and the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of this Agreement or any of the Loan DocumentDocuments, and Borrower is in compliance with all laws and regulatory requirements to which it is they are subject.
Appears in 6 contracts
Samples: Loan Agreement (Faro Technologies Inc), Loan Agreement (Faro Technologies Inc), Loan Agreement (Faro Technologies Inc)
Authority and Compliance. The Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of such Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and the Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 3 contracts
Samples: Loan Agreement (Medical Technology Systems Inc /De/), Loan Agreement (Medical Technology Systems Inc /De/), Loan Agreement (Medical Technology Systems Inc /De/)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and each Person composing Borrower is in material compliance with all laws and regulatory requirements to which it each is subject.
Appears in 3 contracts
Samples: Loan Agreement (SCB Computer Technology Inc), Loan Agreement (SCB Computer Technology Inc), Loan Agreement (SCB Computer Technology Inc)
Authority and Compliance. Each Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations Obligations provided for therein, all of which have been duly authorized by all proper and necessary corporate action of the appropriate governing body of Borrowers. To each Borrower. No ’s knowledge, no consent or approval of any public authority or other third party is required as a condition to the validity of any of the Loan DocumentDocuments, except where the failure to do so would not cause a Material Adverse Change, and each Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement (Pernix Therapeutics Holdings, Inc.), Loan Agreement (RTI Biologics, Inc.)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and . Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 3 contracts
Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary corporate action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower and each Subsidiary of Borrower is in compliance with all laws and regulatory requirements to which it is subject, except to the extent the failure to comply with such laws or regulatory requirements would not result in a Material Adverse Effect.
Appears in 3 contracts
Samples: Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co)
Authority and Compliance. The Borrower has full power and authority to execute and deliver the Loan Financing Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of the Borrower. No consent or approval of any public authority Governmental Authority or other third party is required as a condition to the validity of any Loan Financing Document, and . The Borrower is in compliance with all laws and regulatory requirements Laws to which it is subject, except where noncompliance would not have a Material Adverse Effect.
Appears in 3 contracts
Samples: Loan Agreement (Chesapeake Utilities Corp), Loan Agreement (Chesapeake Utilities Corp), Loan Agreement (Chesapeake Utilities Corp)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all material laws and regulatory requirements to which it is subject, the failure to comply with would result in a Material Adverse Effect on the Borrower.
Appears in 3 contracts
Samples: Loan Agreement (Frisby Technologies Inc), Loan Agreement (Frisby Technologies Inc), Loan Agreement (Frisby Technologies Inc)
Authority and Compliance. Each Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations obligation provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of each Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and each Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 2 contracts
Samples: Loan Agreement (Mexco Energy Corp), Loan Agreement (Mexco Energy Corp)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and the Warrant and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan DocumentDocument or Warrant, and Borrower is in compliance with all material laws and regulatory requirements to which it is subject, the failure to comply with would result in a Material Adverse Effect on the Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Frisby Technologies Inc), Loan Agreement (Frisby Technologies Inc)
Authority and Compliance. Each of Borrower and Guarantor has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of BorrowerBorrower and Guarantor. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is and Guarantor are in compliance in all material respects with all laws and regulatory requirements to which it each is subject.
Appears in 2 contracts
Samples: Credit Agreement (Avatar Holdings Inc), Credit Agreement (Avatar Holdings Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and and, to the best of Borrower's knowledge after due inquiry, Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 2 contracts
Samples: Loan Agreement (American Aircarriers Support Inc), Loan Agreement (American Aircarriers Support Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in material compliance with all laws and regulatory requirements to which it is subject.
Appears in 2 contracts
Samples: Loan Agreement (SCB Computer Technology Inc), Loan Agreement (Coast Dental Services Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary corporate action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower and each Subsidiary of Borrower is in compliance in all material respects with all laws and regulatory requirements to which it is subject.
Appears in 2 contracts
Samples: Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 2 contracts
Samples: Loan Agreement (Powercerv Corp), Revolving Credit Agreement (Malone John C)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower Borrower, to Borrower's knowledge, is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 2 contracts
Samples: Loan Agreement (Roberts Realty Investors Inc), Loan Agreement (Roberts Realty Investors Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for to therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Purchase and Sales Agreement (Healthtech International Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in substantial compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Eateries Inc)
Authority and Compliance. The Borrower has full power and authority to execute execute, deliver, and deliver perform all of the Loan Documents Documents, including this Amendment, the Security Agreement and the Intercreditor Agreement, to which it is a party and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity or performance of any of the Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subjectDocuments.
Appears in 1 contract
Authority and Compliance. Each Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of that Borrower. No consent or approval of any public authority Governmental Authority or other third party Person is required as a condition to the validity of any Loan Document, and . Each Borrower is in compliance with all laws laws, regulations and regulatory governmental requirements to which it is subjectsubject except any noncompliance which in the aggregate would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan Agreement (Chattem Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body Board of Directors of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower and each Subsidiary of Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Authority and Compliance. Each Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of such Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and each Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Medical Technology Systems Inc /De/)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Carreker Corp)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it he is subject.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, ; all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subjectsubject in all material respects.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower, respectively. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Blue Rhino Corp)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan DocumentDocument other than any such consent or approval that has already been obtained, and Borrower is is, to the best of its knowledge, in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Syntellect Inc)
Authority and Compliance. The Borrower has full power and authority to execute and deliver the Loan Financing Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of the Borrower. No consent or approval of any public governmental authority or other third party is required as a condition to the validity of any Loan Document, and Financing Document other than the Bankruptcy Court’s entry of the Confirmation Order. The Borrower is in compliance with all laws and regulatory requirements Laws to which it is subject.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to of the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Credit Agreement (Stephan Co)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, ; all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Lean Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject, except where failure to be in compliance would not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower, respectively. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower Borrower, to the best of its knowledge after reasonable inquiry, is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Blue Rhino Corp)
Authority and Compliance. Each Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of BorrowerBorrowers. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and each Borrower is in substantial compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Eateries Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower each Person composing Borrower, is in material compliance with all laws and regulatory requirements to which it each is subject, except where failure to comply would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan Agreement (Mark Vii Inc)
Authority and Compliance. Borrower has full power and authority to execute execute, deliver and deliver perform the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity or performance of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Authority and Compliance. Each Borrower has full power and authority to execute and deliver the Loan Documents to which it is a party and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of each Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan DocumentDocuments and to Borrower’s knowledge, and Borrower is in compliance with all laws and regulatory requirements to which it is subject, the failure of which would have a Material Adverse Effect.
Appears in 1 contract
Authority and Compliance. Except as otherwise provided and disclosed herein, Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Pet Quarters Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance in all material respects with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Authority and Compliance. Borrower has the full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of BorrowerBorrower . No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Powercerv Corp)
Authority and Compliance. The Borrower has full power and authority to execute and deliver the Loan Financing Documents and to incur and perform the obligations provided for thereintherein and under the Purchase Agreement Documents, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of the Borrower. No consent or approval of any public governmental authority or other third party is required as a condition to the validity of any Loan Document, and Financing Document or any of the Purchase Agreement Documents. The Borrower is in compliance with all laws and regulatory requirements Laws to which it is subject.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party which has not been obtained is required as a condition to the validity of any Loan Document, and Borrower is in material compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and each Person composing Borrower and, to Borrower's knowledge, Partners, is in material compliance with all laws and regulatory requirements to which it each is subject.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrowereach corporation. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Authority and Compliance. Borrower has the full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is and Guarantors are in compliance with all laws and regulatory requirements to which it is they are subject.
Appears in 1 contract
Samples: Loan Agreement (Exterra Energy Inc.)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the its obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrowerbody. No consent or approval of any public authority or other third party is required as a condition to the validity of any of the Loan DocumentDocuments, and Borrower is in material compliance with all laws and regulatory requirements to which it is subject, except to the extent any such non-compliance would not cause a Material Adverse Effect.
Appears in 1 contract
Samples: Loan Agreement (Alico Inc)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations Obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of corporate action. To Borrower. No ’s knowledge, no consent or approval of any public authority or other third party is required as a condition to the validity of any of the Loan DocumentDocuments, and Borrower is in material compliance with all laws and regulatory requirements to which it is subjectrequirements.
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.in
Appears in 1 contract
Authority and Compliance. Borrower has full power and authority authority, to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Pec Solutions Inc)
Authority and Compliance. Borrower has and Guarantors have full power and authority to execute and deliver the Loan Documents to which they are parties and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borroweraction. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is and Guarantors are in compliance in all material respects with all laws and regulatory requirements to which it is they are subject.
Appears in 1 contract
Authority and Compliance. The Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of the Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and the Borrower is in compliance with all laws and regulatory requirements to which it is subject.
Appears in 1 contract
Samples: Loan Agreement (Medical Technology Systems Inc /De/)
Authority and Compliance. Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all material laws and regulatory requirements to which it is subject.
Appears in 1 contract