Common use of Authorization of Agreement, Loan Documents and Borrowing Clause in Contracts

Authorization of Agreement, Loan Documents and Borrowing. The Borrower has the right, power and authority and has taken all necessary action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf of the Borrower, and each such document constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 18 contracts

Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

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Authorization of Agreement, Loan Documents and Borrowing. The Each of the Borrower and the Management Company has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner Management Company on behalf of the Borrower, and each such document constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as such enforcement enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 7 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Credit Parties has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have has been duly executed and delivered by the duly authorized officers of the General Partner on behalf of the Borrowereach Credit Party party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrowereach Credit Party party thereto, enforceable in accordance with its terms, except as such enforcement enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 4 contracts

Samples: Credit Agreement (Blackbaud Inc), Credit Agreement (Blackbaud Inc), Credit Agreement (Blackbaud Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of AHL and its Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf AHL and each of the Borrower, its Subsidiaries party thereto and each such document constitutes the legal, valid and binding obligation of the BorrowerAHL or its Subsidiary party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 3 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower it is a party have been duly executed and delivered by the a duly authorized officers of the General Partner on behalf officer of the Borrower, and each such document constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws any Debtor Relief Law from time to time in effect which affect the enforcement of creditors' creditors rights in general and the availability of equitable remedies, and public policy.

Appears in 3 contracts

Samples: Master Lease (Griffin Industrial Realty, Inc.), Loan and Security Agreement (Griffin Land & Nurseries Inc), Loan and Security Agreement (Griffin Land & Nurseries Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Credit Parties has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf each of the BorrowerCredit Parties party thereto, and each such document constitutes the legal, valid and binding obligation of the BorrowerCredit Parties party thereto, enforceable in accordance with its terms, except as such enforcement enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 2 contracts

Samples: Credit Agreement (Globalstar, Inc.), Credit Agreement (Globalstar, Inc.)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Credit Parties has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have has been duly executed and delivered by the duly authorized officers of the General Partner on behalf of the Borrowereach Credit Party party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrowereach Credit Party party thereto, enforceable in accordance with its terms, except as such enforcement enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws lawsDebtor Relief Laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Borrowers has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf of the BorrowerBorrowers party thereto, and each such document constitutes the legal, valid and binding obligation of the BorrowerBorrowers party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 1 contract

Samples: Credit Agreement (Condor Technology Solutions Inc)

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Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Credit Parties has the right, power and authority and has taken all necessary action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of each Guarantor and of the General Partner on behalf duly authorized general partner of the Borrower, and each such document constitutes the legal, valid and binding obligation of each of the BorrowerCredit Parties, to the best of its knowledge, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 1 contract

Samples: Credit Agreement (Golf Trust of America Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower -------------------------------------------------------- has the corporate right, power and authority to enter into and perform its obligations under, and has taken all necessary corporate and other action to authorize the execution, delivery and performance of of, this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the a duly authorized officers of the General Partner on behalf officer of the Borrower, and each such document constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of affecting creditors' rights in generally or by general and the availability of equitable remedies, and public policyprinciples.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Credit Parties has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf each of the BorrowerCredit Parties party thereto, and each such document constitutes the legal, valid and binding obligation of each of the BorrowerCredit Parties party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Borrower Each of the Parent and its Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf Parent and each of the Borrowerits Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the BorrowerParent or its Subsidiary party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)

Authorization of Agreement, Loan Documents and Borrowing. The Each Borrower has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents to which the Borrower is a party have been duly executed and delivered by the duly authorized officers of the General Partner on behalf each of the BorrowerBorrowers party thereto, and each such document constitutes the legal, valid and binding obligation of each of the BorrowerBorrowers party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies, and public policy.

Appears in 1 contract

Samples: Credit Agreement (Sholodge Inc)

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