Common use of Authority; Power to Carry on Business; Licenses Clause in Contracts

Authority; Power to Carry on Business; Licenses. Each Borrower has the power and authority to make the borrowings provided for herein, to execute and deliver the Notes in evidence of such borrowings and to grant and convey the security interests contemplated under the Security Agreement, the Stock Pledge Agreements, the Patent and Trademark Security Agreement, and the other Loan Documents and all such action has been duly and validly authorized by all necessary proceedings on such Borrowers’ part. Each Loan Party and its Subsidiaries have all requisite power and authority to own and operate their properties and to carry on their businesses as now conducted. Each Loan Party and its Subsidiaries have all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their businesses as now conducted.

Authority; Power to Carry on Business; Licenses. Each The Borrower has the power and authority to make the borrowings provided for herein, to execute and deliver the Notes Note in evidence of such borrowings and to grant and convey the any security interests contemplated under the Security Agreement, the Stock Pledge Agreements, the Patent and Trademark Security Agreement, Agreement and the other Loan Documents to which it is a party and all such action has been duly and validly authorized by all necessary corporate proceedings on such Borrowers’ the Borrower’s part. Each Loan Party and each of its Subsidiaries have has all requisite power and authority to own and operate their its properties and to carry on their businesses its business as now conducted and as presently planned to be conducted. Each Loan Party and each of its Subsidiaries have has all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their businesses its business as now conducted.

Authority; Power to Carry on Business; Licenses. Each The Borrower has the power and authority to make the borrowings provided for herein, to execute and deliver the Notes Note in evidence of such borrowings and to grant and convey the security interests contemplated under the Security Agreement, the Stock Pledge Agreements, the Patent and Trademark Security Agreement, Agreement and the other Loan Documents to which it is a party and all such action has been duly and validly authorized by all necessary corporate proceedings on such Borrowers’ the Borrower's part. Each Loan Party and each of its Subsidiaries have has all requisite power and authority to own and operate their its properties and to carry on their businesses its business as now conducted and as presently planned to be conducted. Each Loan Party and each of its Subsidiaries have has all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their businesses its business as now conducted.

Authority; Power to Carry on Business; Licenses. Each The Borrower has the power and authority to make the borrowings provided for herein, to execute and deliver the Notes in evidence of such borrowings and to grant and convey the any security interests contemplated under the Security Agreement, the Stock Pledge Agreements, the Patent and Trademark Security Agreement, Agreement and the other Loan Documents to which it is a party and all such action has been duly and validly authorized by all necessary corporate proceedings on such Borrowers’ the Borrower's part. Each Loan Party and each of its Subsidiaries have has all requisite power and authority to own and operate their its properties and to carry on their businesses its business as now conducted and as presently planned to be conducted. Each Loan Party and each of its Subsidiaries have has all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their businesses its business as now conducted.