Authority of Canyons Sample Clauses

Authority of Canyons. Canyons acknowledges, agrees, warrants and represents to Agent and the Lenders that Canyons is a duly organized, validly existing corporation in good standing under the laws of the State of Maine; that Canyons has the power and authority to execute, deliver, and perform its obligations under this Agreement; that the execution, delivery, and performance of this Agreement by Canyons have been duly authorized pursuant to all requisite corporate action on behalf of Canyons and consented to and approved by all necessary parties; that the execution, delivery and performance of this Agreement by Canyons does not and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Canyons, or (ii) result in a breach or constitute or cause a default under any indenture, agreement, lease, or instrument to which Canyons is a party; and that Canyons is not in default under any such law, rule, regulation, order, writ, judgment, injunction, decree, determination, or award, except for the matters set forth on Exhibit "C" attached hereto and made a part hereof.
Sample 1
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Authority of Canyons. That Canyons is a duly organized, validly existing corporation in good standing under the laws of the State of Maine; that Canyons has the power and authority to execute, deliver, and perform its obligations under this Agreement; that the execution, delivery, and performance of this Agreement by Canyons has been consented to and approved by all necessary parties; that the execution, delivery and performance of this Agreement by Canyons does not and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Canyons, or (ii) result in a breach or constitute or cause a default under any indenture, agreement, lease, or instrument to which Canyons is a party; and that Canyons is not in default under any such law, rule, regulation, order, writ, judgment, injunction, decree, determination, or award, or, to the best of the Borrower Parties' knowledge and belief, any such indenture, agreement, lease, or instrument, except for the matters set forth on Exhibit "C" attached hereto and made a part hereof material to the operation of the Canyon's business or the Collateral.
Sample 1

Related to Authority of Canyons

  • Authority of X X. Xxxxxx Securities Inc. Any action by the Underwriters hereunder may be taken by X.X. Xxxxxx Securities Inc. on behalf of the Underwriters, and any such action taken by X.X. Xxxxxx Securities Inc. shall be binding upon the Underwriters.

  • Authority of Company The Company has all requisite authority to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

  • Authority of the Company To carry out its purposes, the Company, consistent with and subject to the provisions of this Agreement and applicable law, is empowered and authorized to do any and all acts and things incidental to, or necessary, appropriate, proper, advisable, or convenient for, the furtherance and accomplishment of its purposes.

  • Authority of Board Nothing contained in this Section 4 shall limit the authority of the Board to take such other action to the extent permitted by law as it deems necessary or advisable to preserve the Company’s status as a non-reporting company under the Exchange Act.

  • Authority of the Manager The Manager for, and in the name and on behalf of the Company, is hereby authorized to:

  • Authority of Manager (a) The Manager shall have the exclusive authority to manage the operations and affairs of the Company, shall have the power on behalf and in the name of the Company to carry out any and all of the objects and purposes of the Company, and shall have all authority, rights, and powers conferred by law and those required or appropriate for the management of the Company business.

  • Authority of Committee All determinations made by the Committee with respect to the interpretation, construction and application of any provision of this Agreement shall be final, conclusive and binding on the parties.

  • Authority of General Partner The General Partner shall have sole authority to manage the business and affairs of the Partnership, which authority shall be delegated as provided in this Agreement. Subject to the limitations in this Agreement, the General Partner shall have the authority to take any action it deems to be necessary or appropriate in connection with the business and affairs of the Partnership, including without limitation the power and authority to:

  • Authority, Etc The execution and delivery by the Borrower of this Amendment and the performance by the Borrower of all of its agreements and obligations under the Credit Agreement as amended hereby are within the corporate authority of the Borrower and have been duly authorized by all necessary corporate action on the part of the Borrower.

  • Authority of Agent Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

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