Authorization and Capacity. The Borrower has the capacity and authority to enter into the Loan Documents and it has taken all measures and actions necessary to authorize the Borrower to execute and deliver the Loan Documents and to perform the obligations resulting from the Loan Documents. The Borrower also has the power to own its assets and to carry on the activities it now carries on.
Authorization and Capacity. Each party warrants that the person signing this Agreement is authorized to do so on behalf of its principal and is empowered to bind its principal to this Agreement.
Authorization and Capacity. The parties hereto represent to each other that each has the full right, power and authority to enter into this Lease and to fully perform its obligations. The persons executing this Lease warrant and represent that each has the authority to execute in the capacity stated and to bind the parties hereto.
Authorization and Capacity. The Trustee represents and warrants that it is a trust company duly organized and validly existing under the laws of The Commonwealth of Massachusetts and duly licensed in Massachusetts, with the capacity to exercise the powers and duties of the Trustee hereunder, and that by proper corporate action it has duly authorized the execution and delivery of this Agreement.
Authorization and Capacity. Purchaser and Seller each represents to the other that it has the full right, power and authority to enter into this Contract and to fully perform its obligations. Each person executing this Contract warrants and represents that each has the authority to execute this Contract in the capacity stated and to bind the Purchaser and Seller, respectively, and that no third party consent or approval nor any other signature is necessary to create a valid and binding obligation or to consummate this transaction. Each party will furnish to the Title Company at closing copies of such resolutions, affidavits, certificates and agreements as the Title Company or the other party shall require in order to confirm such authority and capacity of Seller or Purchaser, as applicable, and of the persons who are to execute documents in connection with the Closing.
Authorization and Capacity. Each is duly incorporated and existing and in good standing in its respective state of incorporation, has the corporate power to own its properties and to carry on its business as now conducted, and the execution, delivery and performance of this Agreement, and the other Loan Documents, as appropriate, has been duly authorized by all necessary corporate proceedings.
Authorization and Capacity. For a Corporate Vendor, such Corporate Vendor has the corporate power, authority and capacity to enter into, and for each Vendor, such Vendor has the power, authority and capacity to enter into, this Agreement and all other agreements and instruments to be executed by it as contemplated by this Agreement and to carry out its obligations under this Agreement and such other agreements and instruments. The execution and delivery of this Agreement and such other agreements and instruments and the completion of the transactions contemplated by this Agreement and such other agreements and instruments have been duly authorized by all necessary corporate action on the part of the Corporate Vendor and its shareholders.
Authorization and Capacity. Equityholder has the requisite power, authority and capacity to enter into this Agreement and to perform Equityholder’s obligations hereunder. This Agreement has been duly executed and delivered Equityholder and constitutes a legal, valid and binding obligation of Equityholder, enforceable against Equityholder in accordance with its terms. If Equityholder is an entity, then Equityholder is an entity duly formed, validly existing and, if applicable, in good standing under the laws of the jurisdiction in which it was formed. If Equityholder is a trust, then Equityholder is a trust duly formed and validly existing under the laws of the jurisdiction in which it was formed.
Authorization and Capacity. Buyer has full power to execute and deliver this Agreement and to perform hereunder, and the execution, delivery and performance hereof and the consummation of the transactions contemplated hereby have been duly authorized by all requisite action. Buyer has or will have at Closing sufficient funds readily available to close the transaction contemplated herein.
Authorization and Capacity. The City and Contractor each represent to the other that it has the full right, power and authority to enter into this Agreement and to fully perform its obligations. Each person executing this License Agreement warrants and represents that each has the authority to execute this License Agreement in the capacity stated and to bind the City and Contractor, respectively, except as otherwise specifically set forth herein. Each person will furnish to the other such ordinances, resolutions, certificates and agreements as are reasonably necessary in order to confirm such authority and capacity of the City and Contractor and the persons who are to execute this License Agreement.
