Authorization of Borrower. The execution, delivery and performance of the Loan Documents to which Borrower is a party, the making of the borrowings thereunder, the execution and delivery of the Note, the grant of the lien and security interest on and in the Collateral pursuant to the Loan Documents to which Borrower is a party and the consummation of the Loan are within the powers of Borrower and have been duly authorized by Borrower and, if applicable, the General Partners, by all requisite action (and Borrower hereby represents that no approval or action which has not already been obtained of any member, limited partner or shareholder, as applicable, of Borrower is required to authorize any of the Loan Documents to which Borrower is a party) and will constitute the legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, except as enforcement may be stayed or limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (whether considered in proceedings at law or in equity) and will not (i) violate any provision of its Organizational Documents, or, to its knowledge, any law, judgment, order, rule or regulation of any court, arbitration panel or other Governmental Authority, domestic or foreign, or other Person affecting or binding upon Borrower or the Collateral, or (ii) violate any provision of any indenture, agreement, mortgage, deed of trust, contract or other instrument to which Borrower or, if applicable, any General Partner is a party or by which any of their respective property, assets or revenues are bound, or be in conflict with, result in an acceleration of any obligation or a breach of or constitute (with notice or lapse of time or both) a default or require any payment or prepayment under, any such indenture, agreement, mortgage, deed of trust, contract or other instrument, or (iii) result in the creation or imposition of any lien, except those in favor of Lender as provided in the Loan Documents to which it is a party.
Authorization of Borrower. If I do not acquire or maintain the required amounts of insurance listed above I, the borrower, authorize Xxxxxxx'x Title & Payday Loan to apply for a single interest insurance to protect its interest in the motor vehicle described below. I also understand that a single interest insurance may be added to my contract as a result of me not providing or maintaining the required amount during any term of the loan. The rates for this insurance are not fixed or approved or regulated by the state board of insurance and does not provide me any protection, nor fulfill any state requirement of financial responsibility, no fault or minimum liability insurance laws, or afford me any medical payments, uninsured or underinsured motorist coverage, personal or property damage liability. This insurance only protects the lienholder and security vehicle listed in this contract and not the equity or any other lienholder or party or borrower Please initial all applicable lines: Mechanical Breakdown with Asset Protection I have valid and collectible insurance protecting vehicle in contract and Xxxxxxx'x Title & Payday Loan will be the loss payee. I do not have the required insurance and do not intend to obtain it. I therefore request that you obtain a single interest Insurance or some other form of protection to protect your interest in the vehicle, also understand that I will pay the weekly premium. Physical Damage I have valid and collectible insurance protecting vehicle in contract and Xxxxxxx'x Title & Payday Loan will be the loss payee. You have the option from 10 days of the loan date to furnish the required insurance from any insurance company authorized to transact business by the State of Texas, Xxxxxxx'x Title & Payday Loan will repossess your vehicle immediately if the required Insurance or Mechanical Breakdown with Asset protection agreement is not current. FIRST NAME: Xxxxxx LAST NAME Xxxxxxx ADDRESS: 0000 Xxxx Xxxxxxx Xxxxxx XXXX : Xxxxxxxxxxxxxx, XX XXX 00000 4/19/2006 XXXXXXXX’S SIGNATURE DATE 4/19/2006
Authorization of Borrower. The execution, delivery and performance by Xxxxxxxx of this Agreement and all other writings relating hereto and thereto have been duly and validly authorized by Borrower. No consent or approval of or notification to any party, other than any consent or approval that has been obtained, is required in connection with the execution, delivery and performance by Borrower of this Agreement, the other Loan Documents and/or any writing relating hereto and thereto or the consummation of the transactions contemplated hereby or thereby.
Authorization of Borrower. Section 3.2, Sub-Paragraph (c) is hereby deleted in its entirety.
Authorization of Borrower. Section 3.2, Sub-Paragraph (c) is hereby deleted. 8. Priority of Security Interests. Section 3.8 is hereby deleted. 9. Affirmative Covenants. Sections 5.1, 5.2, 5.3, and 5.4 are hereby deleted in their entirety. 10. Financial Covenants. Section 6.2 is hereby deleted. 11. Additional Remedies. Section 7.2 is hereby deleted. 12.
Authorization of Borrower. Borrower represents and warrants that the execution and delivery by Borrower of this Amendment and Borrower’s performance of its obligations hereunder (i) have been duly authorized by all requisite action on the part of Borrower, (ii) will not violate in any material respect any provision of any applicable legal requirements, decree, injunction or demand of any court or other governmental authority, any organizational document of Borrower or any indenture or agreement or other instrument to which Borrower is a party or by which Borrower is bound, (iii) will not be in conflict in any material respect with, result in a material breach of, or constitute (with due notice or lapse of time or both) a material default under, or result in the creation or imposition of any lien of any nature whatsoever upon any of the property or assets of Borrower pursuant to, any such indenture or agreement or instrument. Borrower is not required to obtain any consent, approval or authorization from, or to file any declaration or statement with, any governmental authority or other agency in connection with or as a condition to the execution, delivery or performance of this Amendment. This Amendment has been duly authorized, executed and delivered by Borrower.
Authorization of Borrower. Evidence that the execution, delivery and performance of this Amendment and the Note have been duly authorized, along with evidence of the incumbency and a specimen signature, of each officer of the Borrower executing this Amendment and the Note;
Authorization of Borrower. The execution, delivery and performance of the Loan Documents to which Borrower is a party, the making of the borrowings thereunder, the execution and delivery of the Note, and the consummation of the Loan are within the powers of Borrower and have been duly authorized by Borrower and will constitute the legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, except as enforcement may be stayed or limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (whether considered in proceedings at law or in equity) and will not (i) violate any provision of its Organizational Documents, or, to its knowledge, any law, judgment, order, rule or regulation of any court, arbitration panel or other Governmental Authority, domestic or foreign, or other Person affecting or binding upon Borrower, or (ii) violate any provision of any indenture, agreement, mortgage, deed of trust, contract or other instrument to which Borrower is a party or by which any of its respective property, assets or revenues are bound, or be in conflict with, result in an acceleration of any obligation or a breach of or constitute (with notice or lapse of time or both) a default or require any payment or prepayment under, any such indenture, agreement, mortgage, deed of trust, contract or other instrument, or (iii) result in the creation or imposition of any lien.
