Common use of Authorization of Borrowing Clause in Contracts

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 50 contracts

Samples: Credit Agreement (Ferroglobe PLC), Loan Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

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Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 38 contracts

Samples: Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (FWT Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the issuance, delivery and payment of the Notes have been duly authorized by all necessary organizational action on the part of by each Loan Party that which is a party thereto.

Appears in 12 contracts

Samples: Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary action actions on the part of each Loan Party that is a party thereto.

Appears in 9 contracts

Samples: Credit Agreement (Decrane Holdings Co), Credit Agreement (Decrane Aircraft Holdings Inc), Credit Agreement (Decrane Holdings Co)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate or other equivalent action on the part of each Loan Party that is a party thereto.

Appears in 6 contracts

Samples: Credit Agreement (Express Scripts Holding Co.), Credit Agreement (Express Scripts Holding Co.), Credit Agreement (Express Scripts Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Project Documents have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 6 contracts

Samples: Credit Agreement (Las Vegas Sands Inc), Credit Agreement (Grand Canal Shops Mall Construction LLC), Credit Agreement (Las Vegas Sands Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate or other action on the part of each Loan Party that is a party thereto.

Appears in 5 contracts

Samples: Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Authorization of Borrowing. The execution, delivery and performance of each of the Loan Documents by each of the Loan Parties party thereto have been duly authorized by all necessary corporate action on the part of each such Loan Party that is a party theretoParties.

Appears in 4 contracts

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

Authorization of Borrowing. The execution, delivery and performance of each of the Loan Documents have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 4 contracts

Samples: Credit Agreement (FTD Companies, Inc.), Credit Agreement (FTD Companies, Inc.), Credit Agreement (United Online Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreement have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 4 contracts

Samples: Second Lien Credit Agreement (SafeNet Holding Corp), First Lien Credit Agreement (SafeNet Holding Corp), First Lien Credit Agreement (SafeNet Holding Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary action on the part of Borrower and each Loan Party of its Subsidiaries that is a party thereto.

Appears in 3 contracts

Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Party that is a Parties party thereto.

Appears in 3 contracts

Samples: Credit Agreement (Microclock Inc), Credit Agreement (DMW Worldwide Inc), Credit Agreement (Wellman North America Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate, partnership or limited liability action on the part of each Loan Party that is a party thereto.

Appears in 3 contracts

Samples: Credit Agreement (IntraLinks Holdings, Inc.), Second Lien Credit Agreement (IntraLinks Holdings, Inc.), Credit Agreement (IntraLinks Holdings, Inc.)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate action on the part of by each Loan Party that is a party theretoParty.

Appears in 3 contracts

Samples: Credit Agreement (Owens Illinois Inc /De/), Credit Agreement (Borg Warner Security Corp), Credit Agreement (Owens Illinois Inc /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Acquisition Agreement have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 2 contracts

Samples: Credit Agreement (Ruths Hospitality Group, Inc.), Credit Agreement (Ruths Chris Steak House, Inc.)

Authorization of Borrowing. The execution, delivery and performance of the Loan Transaction Documents have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 2 contracts

Samples: Credit Agreement (EngageSmart, LLC), Credit Agreement (EngageSmart, LLC)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate, partnership or limited liability action on the part of each Loan Party that is a party thereto.

Appears in 2 contracts

Samples: Credit Agreement (IntraLinks Holdings, Inc.), Credit Agreement (IntraLinks Holdings, Inc.)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents (i) have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto; and (ii) have been or by the Closing Date will be duly authorized by the Court.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Farmland Industries Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the issuance, delivery, and payment of the Obligation have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Party that is a Parties party thereto.

Appears in 1 contract

Samples: Term Loan and Security Agreement (American Real Estate Partners L P)

Authorization of Borrowing. The execution, delivery and performance of each Loan Document to which it is a party and the Loan Documents issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate action on the part of by each Loan Party that is a party theretoto such Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Mattel Inc /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate, limited liability company and/or partnership (as applicable) action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Anthony Crane Rental Holdings Lp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have has been duly authorized by all necessary corporate action on the part of by each Loan Credit Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

Authorization of Borrowing. The execution, delivery and performance of the Revolving Loan Documents and the Related Agreements have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (JCS Realty Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements, and the Dividend Transaction, have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Authorization of Borrowing. The execution, delivery and performance of this Agreement and the other Loan Documents to which each Loan Party is a party and the issuance, delivery and payment of the Note have been duly authorized by all necessary corporate, partnership or other action on the part of each Loan Party that is a party theretoParty, as the case may be.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Royale Investments Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate or partnership, as the case may be, action on the part of by each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Paxson Communications Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements, and the Transactions, have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

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Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate, limited liability company or partnership, as applicable, action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents (i) have been duly authorized by all necessary action on the part of each Loan Party that is a party theretothereto and (ii) have been or by the Closing Date will be duly authorized by the Bankruptcy Court.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Covanta Energy Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the consummation of the Recapitalization have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Merger Agreement have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Authorization of Borrowing. The execution, delivery and -------------------------- performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Dominos Pizza Government Services Division Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and Related Agreements have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the First Lien Credit Agreement have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Term Loan Agreement (Bare Escentuals Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Party that is a Parties party thereto.

Appears in 1 contract

Samples: Credit Agreement (Chippac LTD)

Authorization of Borrowing. The execution, delivery and performance by the Borrower of each Loan Document to which it is or will become a party and the issuance, delivery and payment of the Loan Documents Notes have been duly authorized by all necessary partnership action on of the part of each Loan Party that is a party theretoBorrower.

Appears in 1 contract

Samples: Credit Agreement (Harbourton Financial Services L P)

Authorization of Borrowing. The execution, delivery and performance of the each Term Loan Documents Document have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Term Loan Agreement (Loews Cineplex Entertainment Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate or other organizational action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Maidenform Brands, Inc.)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.. Table of Contents

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary organizational action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Volt Information Sciences, Inc.)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents Documents, the Registration Rights Agreement and the Warrants have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Read Rite Corp /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary action on the part of each Loan Party member of the Borrower Group that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Fibernet Telecom Group Inc\)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents to which it is a party have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party theretoParty.

Appears in 1 contract

Samples: Credit Agreement (Oakley Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Second Lien Term Loan Agreement have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Bare Escentuals Inc)

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