Common use of Authority and Execution Clause in Contracts

Authority and Execution. The Borrower and each Significant Subsidiary has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each Significant Subsidiary has duly executed and delivered each Loan Document to which it is a party.

Appears in 3 contracts

Samples: Credit Agreement (KOHLS Corp), Credit Agreement (KOHLS Corp), Credit Agreement (KOHLS Corp)

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Authority and Execution. The Each of the Borrower and each Significant Subsidiary has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each Significant Subsidiary has duly executed and delivered each Loan Document to which it is a party.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Kohls Corporation), Credit Agreement (Kohls Corporation), Day Credit Agreement (Kohls Corporation)

Authority and Execution. The Each of the Borrower and each Significant Subsidiary of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents, except where the failure to be in such full compliance could not reasonably be expected to have a Material Adverse Effect. The Borrower and each Significant Subsidiary of its Subsidiaries has duly executed and delivered each the Loan Document Documents to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Building Materials Investment Corp), Credit Agreement (Building Materials Investment Corp)

Authority and Execution. The Each of the Borrower and each Significant Domestic Subsidiary has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party party, all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Each of the Borrower and each Significant Domestic Subsidiary has duly executed and delivered each the Loan Document Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (XpresSpa Group, Inc.)

Authority and Execution. The Each of the Borrower and each Significant Subsidiary has full legal power and authority to own its Property, conduct its business and enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each Significant Subsidiary has duly executed and delivered each the Loan Document to which it is a partyDocuments.

Appears in 1 contract

Samples: Credit Agreement (Camco International Inc)

Authority and Execution. The Borrower Each of the Parent and each Significant Subsidiary has full legal power and authority to own its Property, conduct its business and enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower Parent and each Significant Subsidiary has duly executed and delivered each Loan Document to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Kohls Corporation)

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Authority and Execution. The Each of the Borrower and each Significant Subsidiary of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each Significant Subsidiary of its Subsidiaries has duly executed and delivered each the Loan Document Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Helicon Capital Corp)

Authority and Execution. The Borrower and each Significant Subsidiary of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents and the Acquisition Documents to which it is a party party, all of which have been duly authorized by all proper and necessary corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each Significant Subsidiary of its Subsidiaries has duly executed and delivered each the Loan Document Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Meta Group Inc)

Authority and Execution. The Each of the Borrower and each Significant Subsidiary of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party all of which have been duly authorized by all proper and necessary corporate, partnership partnership, limited liability company or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each Significant Subsidiary of its Subsidiaries has duly executed and delivered each the Loan Document Documents to which it is a party.. - 39 - Credit Agreement ----------------

Appears in 1 contract

Samples: Credit Agreement (Insight Communications Co Inc)

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