Common use of Authorization by the Borrower Clause in Contracts

Authorization by the Borrower. The execution, delivery and performance by the Borrower of the Credit Documents (1) are within the Borrower’s corporate powers, (2) have been duly authorized by all necessary corporate or similar action, (3) do not contravene the Borrower’s articles or certificate of incorporation or by-laws, or any law or contractual restriction binding on or affecting the Borrower or its properties (including, without limitation, any contractual restriction arising under or otherwise related to the Senior Notes), and (4) do not result in or require the creation of a Lien upon any of the Borrower’s existing or future assets.

Appears in 8 contracts

Samples: Credit Agreement (Tortoise Energy Infrastructure Corp), Credit Agreement (Tortoise Midstream Energy Fund, Inc.), Credit Agreement (Tortoise Energy Infrastructure Corp)

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Authorization by the Borrower. The execution, delivery and performance by the Borrower of the Credit Documents (1) are within the Borrower’s 's corporate powers, (2) have been duly authorized by all necessary corporate or similar action, (3) do not contravene the Borrower’s 's articles or certificate of incorporation or by-laws, or any law or contractual restriction binding on or affecting the Borrower or its properties (including, without limitation, any contractual restriction arising under or otherwise related to the Senior Notes), and (4) do not result in or require the creation of a Lien upon any of the Borrower’s 's existing or future assets.

Appears in 3 contracts

Samples: Credit Agreement (Tortoise North American Energy Corp), Credit Agreement (Tortoise Energy Capital Corp), Credit Agreement (Tortoise Energy Capital Corp)

Authorization by the Borrower. The execution, delivery and performance by the Borrower of the Credit Documents (1) are within the Borrower’s 's corporate powers, (2) have been duly authorized by all necessary corporate or similar action, (3) do not contravene the Borrower’s 's articles or certificate of incorporation or by-laws, or any law or contractual restriction binding on or affecting the Borrower or its properties (including, without limitation, any contractual restriction arising under or otherwise related to the Senior Notes)properties, and (4) do not result in or require the creation of a any Lien upon any of the Collateral other than a Lien in favor of the Borrower’s 's existing or future assets.

Appears in 1 contract

Samples: Credit Agreement (Tortoise Capital Resources Corp)

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Authorization by the Borrower. The execution, delivery and performance by the Borrower of the Credit Documents (1) are within the Borrower’s corporate powers, (2) have been duly authorized by all necessary corporate or similar action, (3) do not contravene the Borrower’s articles or certificate of incorporation or by-laws, or any law or contractual restriction binding on or affecting the Borrower or its properties (including, without limitation, any contractual restriction arising under or otherwise related to the Senior Notes)properties, and (4) do not result in or require the creation of a any Lien upon any of the Collateral other than a Lien in favor of the Borrower’s existing or future assets.

Appears in 1 contract

Samples: Credit Agreement (Tortoise Gas & Oil Corp)

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