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

Authority; Power to Carry on Business; Licenses. The Borrower Parties, Xxxxxxx, and the respective Persons executing Loan Documents on their behalf, have the power and authority to execute, deliver and perform the Loan Documents to which they are a party, to make the borrowing provided for herein, and to perform their respective obligations hereunder and under the other Loan Documents. All such action has been duly and validly authorized by all necessary proceedings on their respective parts. The Borrower Parties have all requisite power and authority to own and operate their respective properties and to carry on their businesses as now conducted and as presently planned to be conducted. The Borrower Parties have all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their respective businesses as now conducted and specifically in conjunction to the Mortgaged Land.

Authority; Power to Carry on Business; Licenses. The Borrower Parties, Xxxxxxxand Tenant, and their respective Managers and their officers, as the respective Persons executing Loan Documents on their behalfcase may be, have the power and authority to execute, deliver and perform the Loan Documents to which they are a party, to make the borrowing provided for herein, and to perform their respective obligations hereunder and under the other Loan Documents. All such action has been duly and validly authorized by all necessary limited partnership and company proceedings on their respective parts. The Borrower Parties and Tenant have all requisite power and authority to own and operate their respective properties and to carry on their businesses as now conducted and as presently planned to be conducted. The Borrower Parties and. Tenant have all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their respective businesses as now conducted and specifically in conjunction to the Mortgaged Landconducted.

Authority; Power to Carry on Business; Licenses. The Borrower PartiesBorrower, XxxxxxxCRC, and the respective Persons executing Loan Documents on their behalf, have the power and authority to execute, deliver and perform the Loan Documents to which they are a party, to make the borrowing provided for herein, and to perform their respective obligations hereunder and under the other Loan Documents. All such action has been duly and validly authorized by all necessary proceedings on their respective parts. The Borrower Parties have has all requisite power and authority to own and operate their respective properties and to carry on their businesses as now conducted and as presently planned to be conducted. The Borrower Parties have has all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their respective businesses as now conducted and specifically in conjunction to the Mortgaged LandReal Property.

Authority; Power to Carry on Business; Licenses. The Borrower Parties, Xxxxxxxand Tenant, and their respective Managers and their officers, as the respective Persons executing Loan Documents on their behalfcase may be, have the power and authority to execute, deliver and perform the Loan Documents to which they are a party, to make the borrowing provided for herein, and to perform their respective obligations hereunder and under the other Loan Documents. All such action has been duly and validly authorized by all necessary limited partnership and company proceedings on their respective parts. The Borrower Parties and Tenant have all requisite power and authority to own and operate operate-their respective properties and to carry on their businesses as now conducted and as presently planned to be conducted. The Borrower Parties and Tenant have all licenses, permits, consents and governmental approvals or authorizations necessary to carry on their respective businesses as now conducted and specifically in conjunction to the Mortgaged Landconducted.