Common use of Authorization of Borrowing Clause in Contracts

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 Notes have been duly authorized by all necessary corporate, partnership or other action on the part of each Loan Party, as the case may be.

Appears in 3 contracts

Samples: Assignment Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)

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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 Notes and Intercompany Notes have been duly authorized by all necessary corporate, corporate or partnership or other action on the part of each Loan Partyaction, as the case may be, on the part of each Credit Party party thereto.

Appears in 2 contracts

Samples: Credit Agreement (Granite Broadcasting Corp), Credit Agreement (Granite Broadcasting Corp)

Authorization of Borrowing. The execution, delivery and performance of this Agreement the Revolving Loan Documents, the Related Agreements and the other Loan Documents to which each Loan Party is a party and the issuance, delivery and payment of the Notes Anagram Acquisition Agreement have been duly authorized by all necessary corporate, partnership or other corporate action on the part of each Loan Party, as the case may beParty that is a party thereto.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)

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

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Capstar Hotel Co)

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

Appears in 1 contract

Samples: Axel Credit Agreement (Amscan Holdings Inc)

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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 Notes have been duly authorized by all necessary trust, corporate, partnership or other action on the part of each Loan Party, as the case may be.

Appears in 1 contract

Samples: Assignment Agreement (Corporate Office Properties Trust)

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

Appears in 1 contract

Samples: Credit Agreement (Prime Hospitality Corp)

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

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Capstar Hotel Co)

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