Authorization of Agreement, Notes, Loan Documents and Borrowing. The Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Agreement and each of the Loan Documents in accordance with their respective terms. This Agreement and each of the Loan Documents have been duly executed and delivered by the duly authorized officers of the Borrower and each is, or each when executed and delivered in accordance with this Agreement will be, a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms.
Appears in 5 contracts
Samples: Loan and Security Agreement (Synthetic Industries Inc), Loan and Security Agreement (Meadowcraft Inc), Loan and Security Agreement (Texfi Industries Inc)
Authorization of Agreement, Notes, Loan Documents and Borrowing. The Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Agreement and each of the Loan Documents in accordance with their respective terms. This Agreement and each of the Loan Documents have been duly executed and delivered by the duly authorized officers of the each Borrower and each is, or each when executed and delivered in accordance with this Agreement will be, a legal, valid and binding obligation of the each Borrower, enforceable in accordance with its terms.
Appears in 2 contracts
Samples: Loan and Security Agreement (Collins Industries Inc), Loan and Security Agreement (Collins Industries Inc)
Authorization of Agreement, Notes, Loan Documents and Borrowing. The Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Agreement and each of the Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the Loan Documents have been duly executed and delivered by the duly authorized officers of the each Borrower and each is, or each when executed and delivered in accordance with this Agreement will be, a legal, valid and binding obligation of the each such Borrower, enforceable in accordance with its terms.
Appears in 1 contract
Samples: Loan and Security Agreement (American Tire Distributors Inc)
Authorization of Agreement, Notes, Loan Documents and Borrowing. The Each Borrower has the right and power, power and has taken all necessary action to authorize itthe execution, to execute, deliver delivery and perform this Agreement and performance of each of the Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each Each of the Loan Documents to which it is a party have been duly executed and delivered by the duly authorized officers of the Borrower each Borrower, and each is, or each when executed and delivered in accordance with this Agreement will be, a legal, valid and binding obligation of the such Borrower, enforceable in accordance with its terms.
Appears in 1 contract
Samples: Loan and Security Agreement (Tropical Sportswear International Corp)
Authorization of Agreement, Notes, Loan Documents and Borrowing. The Each Borrower has the right right, power and power, and has taken all necessary action to authorize it, authority to execute, deliver and perform this Agreement and each of the Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the Loan Documents have been duly executed and delivered by the duly authorized officers of the each Borrower party thereto and each is, or each when executed and delivered in accordance with this Agreement will be, a legal, valid and binding obligation of the Borrowereach Borrower party thereto, enforceable in accordance with its terms.
Appears in 1 contract
Samples: Loan and Security Agreement (American Aircarriers Support Inc)