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, and (4) do not result in or require the creation of any Lien upon any of the Collateral other than a Lien in favor of the Bank.
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Samples: Credit Agreement (Tortoise North American Energy 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 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 material law or contractual restriction binding on or affecting the Borrower or its properties, and (4) do not result in or require the creation of any Lien upon any of the Collateral other than a Lien in favor of the BankBorrower real or personal property.
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Samples: Credit Agreement (Insite Vision Inc)
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, and (4) do not result in or require the creation of any Lien upon any of the Collateral other than a Lien in favor of the Bank.
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