Authorization, Execution and Delivery. This Agreement has been duly authorized, executed and delivered by all necessary action on the part of Borrower, and the agreements and obligations of Borrower contained herein constitute legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms.
Appears in 4 contracts
Samples: Forbearance Agreement (Trailer Bridge Inc), Forbearance Agreement (Trailer Bridge Inc), Forbearance Agreement (Trailer Bridge Inc)
Authorization, Execution and Delivery. This The execution and delivery of this Agreement has by each Borrower and the performance of its obligations hereunder have been duly authorized, authorized by all necessary corporate action in accordance with all applicable Laws. Each Borrower has duly executed and delivered by all necessary action on the part of Borrower, and the agreements and obligations of Borrower contained herein constitute legal, valid and binding obligations of Borrower, enforceable in accordance with their respective termsthis Agreement.
Appears in 3 contracts
Samples: Bridge Loan Agreement (Minim, Inc.), Bridge Loan Agreement (Hitchcock Jeremy P.), Bridge Loan and Security Agreement (Hitchcock Jeremy P.)
Authorization, Execution and Delivery. This The execution and delivery of this Agreement has by the Borrower and the performance of its obligations hereunder have been duly authorized, authorized by all necessary corporate action in accordance with all applicable Laws. The Borrower has duly executed and delivered by all necessary action on the part of Borrower, and the agreements and obligations of Borrower contained herein constitute legal, valid and binding obligations of Borrower, enforceable in accordance with their respective termsthis Agreement.
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