Common use of Authority and Validity of Obligations Clause in Contracts

Authority and Validity of Obligations. (a) Each Borrower has the corporate and other organizational authority to enter into this Agreement and the other Loan Documents executed by it, to make the Borrowings herein provided for, and to perform all of its obligations hereunder and under the other Loan Documents executed by it.

Appears in 4 contracts

Samples: Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co)

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Authority and Validity of Obligations. (a) Each The Borrower has the corporate and other organizational authority to enter into this Agreement and the other Loan Documents executed by it, to make the Borrowings herein provided for, and to perform all of its obligations hereunder and under the other Loan Documents executed by it.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (J M SMUCKER Co), Credit Agreement, Term Loan Credit Agreement (J M SMUCKER Co)

Authority and Validity of Obligations. (a) Each The Borrower has the corporate and other organizational authority to enter into this Agreement and the other Loan Documents executed by it, to make the Borrowings herein provided for, and to perform all of its obligations hereunder and under the other Loan Documents executed by it. Each other Loan Party has full right and authority to enter into the Loan Documents executed by it, to guarantee the Obligations, and to perform all of its obligations under the Loan Documents executed by it.

Appears in 3 contracts

Samples: Credit Agreement (J M SMUCKER Co), Credit Agreement (J M SMUCKER Co), Credit Agreement (J M SMUCKER Co)

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Authority and Validity of Obligations. (a) Each Borrower has the corporate full right and other organizational authority to enter into this Agreement and the other Loan Documents executed by it, to make the Borrowings borrowings herein provided for, to grant to Administrative Agent the Liens described in the Collateral Documents executed by Borrower, and to perform all of its obligations hereunder and under the other Loan Documents executed by it.

Appears in 1 contract

Samples: Credit Agreement (Sterling Construction Co Inc)

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