Common use of Authority; Authorization Clause in Contracts

Authority; Authorization. (i) Borrower has taken all necessary action to authorize the borrowings provided for in the Loan Agreement, as modified hereby, and the execution, delivery, and performance of the Loan Documents to which Borrower is a party.

Appears in 3 contracts

Samples: Third Loan Modification Agreement (Resource America, Inc.), Second Loan Modification Agreement (Resource America, Inc.), Loan Modification Agreement (Resource America, Inc.)

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Authority; Authorization. (i) Each Borrower has taken all necessary action to authorize the borrowings provided for in the Loan Agreement, as modified hereby, and the execution, delivery, and performance of the Loan Documents to which such Borrower is a party.

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Resource America, Inc.)

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Authority; Authorization. (ia) Borrower has taken all necessary action to authorize the borrowings provided for in the Loan Agreement, as modified hereby, this Agreement and the execution, delivery, and performance of the Loan Documents to which Borrower is a party.

Appears in 1 contract

Samples: Loan Agreement (Resource America, Inc.)

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