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 authorities have been obtained and remain in full force and effect to permit, each Security Party to enter into and perform its obligations under those Financing Documents to which it is or is to be a party pursuant to this Agreement and, in the case of the Borrower, to borrow, service and repay the Term Loan and the Revolving Credit Facility and, as of the date of this Agreement, no further consents or authorities are necessary for the borrowing, service and repayment of the Term Loan and/or the Revolving Credit Facility or any part thereof;