Common use of Authorization of Borrowing Clause in Contracts

Authorization of Borrowing. It has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this Indenture. The execution, delivery and performance by it of the Transaction Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability company, partnership, corporate or other action, as the case may be.

Appears in 2 contracts

Samples: Indenture (Landmark Infrastructure Partners LP), Indenture (American Tower Corp /Ma/)

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Authorization of Borrowing. It Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNotes. The execution, delivery and performance by it each Borrower Party of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability companypartnership, partnershiptrustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Realty Trust, Inc.)

Authorization of Borrowing. It Such Obligor has the power and authority to maintain and incur or guarantee the Indebtedness evidenced by the Notes and this IndentureIndebtedness. The execution, delivery and performance by it such Obligor of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability company, partnership, trustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Landscape Group, Inc.)

Authorization of Borrowing. It Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote. The execution, delivery and performance by it each Borrower Party of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability company, partnership, trust, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Investors Real Estate Trust)

Authorization of Borrowing. It Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote. The execution, delivery and performance by it each Borrower Party of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability companypartnership, partnershiptrustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan and Security Agreement (HRPT Properties Trust)

Authorization of Borrowing. It Each Individual Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote. The execution, delivery and performance by it each of Borrower and Guarantor of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary partnership, limited liability company, partnershiptrustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Strategic Storage Trust II, Inc.)

Authorization of Borrowing. It Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote. The execution, delivery and performance by it each of Borrower and Guarantor of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary partnership, limited liability company, partnershiptrustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Strategic Storage Trust II, Inc.)

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Authorization of Borrowing. It Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote. The execution, delivery and performance by it each Borrower Party and Borrower Sponsor of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability companypartnership, partnershiptrustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Equity Inns Inc)

Authorization of Borrowing. It Each Borrower has the power and authority to incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote to which it is a party. The execution, delivery and performance by it each Borrower Party of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability company, partnership, trustee, corporate or other action, as the case may be.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Signal Inc)

Authorization of Borrowing. It Borrower has the power and authority to -------------------------- incur or guarantee the Indebtedness evidenced by the Notes and this IndentureNote. The execution, delivery and performance by it each Borrower Party of each of the Transaction Loan Documents to which it is a party and the consummation of the transactions contemplated thereby have been duly authorized by all necessary limited liability company, partnership, trust, corporate or other action, as the case may be, and each of the Loan Documents has been duly executed and delivered by each of the Borrower Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Ventas Inc)

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