Authority to Encumber. Borrower has, and will continue to have, the full right and authority to encumber all of the Collateral, including each of the Approved Subdivisions, included or to be included in Eligible Collateral.
Appears in 2 contracts
Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes), Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Authority to Encumber. Borrower has, and will continue to have, the full right and authority to encumber all of the Collateral, including each of the Approved Subdivisions, Units and Eligible Lots included or to be included in Eligible Collateral.
Appears in 2 contracts
Samples: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc), Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)
Authority to Encumber. Borrower has, and will continue to have, the full right and authority to encumber all of the Collateral, including each of the Approved Subdivisions, Units and A&D Projects included or to be included in Eligible Collateral.
Appears in 1 contract
Samples: Udc Master Revolving Line of Credit Loan Agreement (Borrowing Base) (Udc Homes Inc)
Authority to Encumber. Borrower has, and will continue to have, the full right and authority to encumber all of the Collateral, including each of the Approved Subdivisions, Units and Lots included or to be included in Eligible Collateral.
Appears in 1 contract
Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
