Common use of Authority to Conduct Business Clause in Contracts

Authority to Conduct Business. Receipt by the Intercreditor Agent of satisfactory evidence, including certificates of good standing, dated no more than five Business Days prior to the Initial Closing Date, from the Secretary of the State of Louisiana and the Secretary of State of the State of Delaware, as applicable, of the authority of each Collateral Party and Affiliated Service Counterparty to carry on its business;

Authority to Conduct Business. Receipt by the Intercreditor Agent of satisfactory evidence, including certificates of good standing, dated no more than five (5) Business Days prior to the Initial Closing Date, from the Secretary of the State of Louisiana and the Secretary of State of the State of Delaware, as applicable, of the authority of each Collateral Party and Affiliated Service Counterparty to carry on its business;

Authority to Conduct Business. Receipt by the Intercreditor Agent of satisfactory evidence, including certificates of good standing, dated no more than five Business Days prior to the Initial Upsize Closing Date, from the Secretary of the State of Louisiana and the Secretary of State of the State of Delaware, as applicable, of the authority of each Collateral Party and Affiliated Service Counterparty to carry on its business;