Common use of Authorization and Consents Clause in Contracts

Authorization and Consents. all necessary corporate action has been taken to authorize, and all necessary consents and authorizations have been obtained and remain in full force and effect to permit, the Borrower to enter into and perform its obligations under each of this Agreement and the Note and to permit the Borrower to borrow, service and repay the Advances and, as of the date of this Agreement, no further consents or authorizations are necessary for the service and repayment of the Advances or any part of any thereof;

Appears in 2 contracts

Samples: Credit Facility Agreement (Seacor Smit Inc), Revolving Credit Facility Agreement (Seacor Smit Inc)

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Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, the each Borrower to enter into and perform its obligations under each of this Agreement and the Note and Credit Documents to permit the Borrower which it is a party and, to borrow, service and repay the Advances Loans and, as of the date of this AgreementEffective Date, no further consents or authorizations authorities are necessary for the service and repayment of the Advances Loans or any part of any thereof;.

Appears in 2 contracts

Samples: Credit Agreement (Overseas Shipholding Group Inc), Credit Agreement (Overseas Shipholding Group Inc)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, the Borrower to enter into and perform its obligations under each of this Agreement the Transaction Documents and the Note and to permit the Borrower to borrow, service and repay the Advances Loan and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances Loan or any part of any thereof;.

Appears in 2 contracts

Samples: Teekay Shipping Corp, Teekay Shipping Corp

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, each of the Borrower Borrowers, the Guarantor and Palm Shipping to enter into and perform its obligations under each the Transaction Documents to which it is a party and, in the case of this Agreement and the Note and to permit the Borrower Borrowers, to borrow, service and repay the Advances Loan and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances Loan or any part of any thereof;.

Appears in 2 contracts

Samples: Agreement (Teekay Shipping Corp), Consent and Agreement (Teekay Shipping Corp)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations have been obtained and remain in full force and effect to permit, each of the Borrower Obligors and the Guarantor to enter into and perform its obligations under each the Transaction Documents to which it is a party and, in the case of the Obligors, to make all payments required under this Agreement and the Note and to permit the Borrower to borrow, service and repay the Advances and, as of the date of this Agreement, no further consents or authorizations are necessary for the service and repayment of the Advances or any part of any thereof;their obligations under this Agreement.

Appears in 2 contracts

Samples: Deposit Agreement (Teekay Shipping Corp), Reimbursement Agreement (Teekay Shipping Corp)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations have been obtained and remain in full force and effect to permit, the Borrower to enter into and perform its obligations under each of this Agreement and the Note Notes and to permit the Borrower to borrow, service and repay the Advances and, as of the date of this Agreement, and no further consents or authorizations are necessary for the service and repayment of the Advances or any part of any thereof;

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, the each Borrower to enter into and perform its obligations under each of this Agreement and the Note and to permit the Borrower Notes and, to borrow, service and repay the Advances Facility and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances Facility or any part of any thereof;

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, the Borrower to enter into and perform its obligations under each of this Agreement and Agreement, the Note and to permit the Borrower Security Documents and, to borrow, service and repay the Advances and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances or any part of any thereof;

Appears in 1 contract

Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc)

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Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, each of the Borrower Borrowers, the Guarantor and Palm Shipping to enter into and perform its obligations under each the Transaction Documents to which it is a party and, in the case of this Agreement and the Note and to permit the Borrower Borrowers, to borrow, service and repay the Advances and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances or any part of any thereof;

Appears in 1 contract

Samples: Agreement (Teekay Shipping Corp)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, each of the Borrower Borrowers to enter into and perform its obligations under each of this Agreement the Transaction Documents and the Note and to permit the Borrower to borrow, service and repay the Advances Loan and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances Loan or any part of any thereof;.

Appears in 1 contract

Samples: Teekay Shipping Corp

Authorization and Consents. all All necessary corporate action has been taken to duly authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, each of the Borrower Borrowers to enter into and perform its obligations under each of this Agreement and the Note Notes and to permit the Borrower to borrow, service and repay the Advances and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances or any part of any thereof;. (c)

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

Authorization and Consents. all All necessary corporate action has been taken to authorize, and all necessary consents and authorizations authorities have been obtained and remain in full force and effect to permit, each of the Borrower Borrowers to enter into and perform its obligations under each of this Agreement and the its Note and to permit the Borrower to borrow, service and repay the Advances and, as of the date of this Agreement, no further consents or authorizations authorities are necessary for the service and repayment of the Advances or any part of any thereof;.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

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