Common use of Authority and Execution Clause in Contracts

Authority and Execution. The undersigned has full power, authority and legal right to execute and deliver, and to perform its obligations under, this Guaranty and has taken all necessary corporate and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 34 contracts

Samples: Guaranty (MBC Funding Ii Corp.), Guaranty (MBC Funding Ii Corp.), Guaranty (Newtek Business Services Corp.)

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Authority and Execution. The Each of the undersigned has full corporate or other organizational power, authority and legal right to execute and deliver, and to perform its obligations under, this Guaranty and has taken all necessary corporate and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 4 contracts

Samples: Guaranty (Numerex Corp /Pa/), Subsidiary Guaranty (Numerex Corp /Pa/), Subsidiary Guaranty (Numerex Corp /Pa/)

Authority and Execution. The undersigned has full power, ----------------------- authority and legal right to execute and deliver, and to perform its obligations under, this Guaranty and has taken all necessary corporate and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 2 contracts

Samples: Guaranty (Radnor Holdings Corp), Guaranty (Radnor Holdings Corp)

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Authority and Execution. The undersigned has full power, ----------------------- authority and legal right to execute and deliver, and to perform its obligations under, this Guaranty and has taken all necessary corporate and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 1 contract

Samples: Guaranty (Radnor Holdings Corp)

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