Authorization of Loans Sample Clauses

Authorization of Loans. The Borrowers have authorized the borrowing from time to time of Loans pursuant to the Note. The Note shall be in the form attached hereto as Exhibit A.
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Authorization of Loans. The Members hereby authorize the Company (acting for itself or in a representative capacity on behalf of the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or any other Subsidiary) to take such actions as any Bluerock (acting as the Manager) or any officer of the Company determines is appropriate (i) to obtain the Construction Loan and the Mezzanine Loan and to enter into the Construction Financing Documents on terms as Bluerock (acting as the Manager) or any officer of the Company may conclude are appropriate, (ii) to execute and deliver such Construction Financing Documents (including loan agreements, promissory notes, deeds of trust, security agreements, assignments and collateral assignments, assignments of rents and lease, notices, affidavits, and other documents, instruments, agreements, certificates and consents) as are required by the Construction Lender or the Mezzanine Lender or as Bluerock (acting as the Manager) or any officer of the Company otherwise considers necessary, appropriate or desirable to effectuate the Construction Loan and/or the Mezzanine Loan, (iii) to encumber, as security for the Construction Loan, the Property and any other property of the Company, the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or another Subsidiary as are required by the Construction Lender or the Mezzanine Lender or as Bluerock (acting as the Manager) or any officer of the Company otherwise considers necessary, appropriate or desirable to effectuate the Construction Loan and to encumber, as security for the Mezzanine Loan, the ownership interests in the Property Owner and BR ArchCo Mxxxxxxx Mezz, LLC (a Subsidiary owned by the Company) and any other property of the Company, the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or another Subsidiary as are required by the Construction Lender or the Mezzanine Lender or as Bluerock (acting as the Manager) or any officer of the Company otherwise considers necessary, appropriate or desirable to effectuate the Mezzanine Loan and (iv) to perform the obligations of the Company, and to cause the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC and each other Subsidiary to perform their respective obligations, under the Construction Financing Documents. The Members further authorize Bluerock (acting as the Manager) or any officer of the Company, on behalf of the Company (acting for itself or in a representative capacity on behalf of the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or any other Subsidiary), (i) to negotiate def...
Sample 1
Authorization of Loans. 4.1 Cash advances and loans of precious metals may be made by AAA Vault to the Borrower at the oral or written request of the Borrower. Only the Borrower is authorized to request advances and precious metal loans and direct disposition thereof from AAA Vault until written notice of the revocation of such authority is received by AAA Vault. Any such advance or loan shall be conclusively presumed to have been made to, or for the benefit of, the Borrower when made in accordance with such requested directions of the Borrower and when said advance is paid or loan is made on behalf of the Borrower. 4.2 The Borrower hereby waives diligence, presentment, protest, demand and notice of every kind and (to the full extent permitted by law) the rights to plead any statute of limitations as defense to any demand hereunder or in connection with any security heretofore.
Sample 1
Authorization of Loans. If so provided by the Participating Employer in the applicable Participation Agreement, the Plan Administrator shall have the right to‌ direct the Trustee to make a loan to an Eligible Borrower (as defined in Section 8.7) upon receiving a written request for such a loan. All loans shall be subject to the approval of the Participating Employer, and such approval shall be granted or withheld in a uniform and nondiscriminatory manner and in accordance with such rules and regulations not in conflict with the provisions of this Article 8 as the Plan Administrator shall adopt.
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Authorization of Loans. Etc. 10 SECTION 3.03 Conflicting Agreements and Other Matters. 11 SECTION 3.04
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Authorization of Loans. If provided by the Participating Employer in the applicable Participation Agreement, the Administrator may direct the Trustee to make a loan to an Eligible Borrower (as defined in Section 6.7) upon receiving a written request (or other manner acceptable to the Administrator, for example, using an on-line form) for such a loan. All loans are subject to the approval of the Participating Employer, and such approval will be granted or withheld in a uniform and nondiscriminatory manner and in accordance with such rules and regulations not in conflict with the provisions of this Article 6 as the Administrator may adopt.
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Authorization of Loans. Upon the application of a Participant who is currently employed by the Employer in accordance with the procedures established by the Plan Manager, the Plan Manager may authorize the Trustee to make a loan to the Participant, subject to the limitations set forth below. All loans shall be evidenced by documents as the Plan Manager may require. The Plan Manager shall execute discretion in a uniform and nondiscriminatory manner. Loans outstanding under the ISP by a Participant whose ISP account balance is transferred to this Plan also will be transferred to and be effective under this Plan.
Sample 1
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Related to Authorization of Loans

  • Authorization of Loan Documents and Borrowings The Borrower has the right and power, and has taken all necessary action to authorize it, to borrow and obtain other extensions of credit hereunder. The Borrower and each other Loan Party has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform each of the Loan Documents and the Fee Letter to which it is a party in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. The Loan Documents and the Fee Letter to which the Borrower or any other Loan Party is a party have been duly executed and delivered by the duly authorized officers of such Person and each is a legal, valid and binding obligation of such Person enforceable against such Person in accordance with its respective terms, except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein and as may be limited by equitable principles generally.

  • 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.

  • Authorization of Borrowing Etc (a) Each Obligor has duly authorized by all necessary corporate action the execution, delivery and performance of the Loan Documents to which it is a party. The execution, delivery and performance by each Obligor of the Loan Documents to which it is a party and the consummation of the transactions contemplated by the Loan Documents to which it is a party do not and will not (i) (A) violate any provision of any law or any governmental rule or regulation or order applicable to or binding on such Obligor, (B) violate any provision of the Certificate or Articles of Incorporation or Bylaws of such Obligor, (C) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of such Obligor or any of its Subsidiaries except to the extent of any such violation, conflict, breach, default, or imposition of Lien (of which no Obligor has Actual Knowledge) which could not reasonably be expected to have a Material Adverse Effect, or (D) result in or require the creation or imposition of any Lien on any of the Collateral (except as permitted in the applicable Collateral Document) or on any other property (except as permitted under Section 5.13 hereof), or (ii) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of such Obligor or any of its Subsidiaries, except for such approvals or consents which will have been obtained on or before the Closing Date, except for any such approval or consent under a Contractual Obligation and the failure to obtain which could not reasonably be expected to result in a Material Adverse Effect. (b) The execution, delivery and performance by each Obligor of the Loan Documents to which it is a party and the consummation of the transactions contemplated by the Loan Documents to which it is a party and the use of the proceeds of the Loans do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any federal, state or other Governmental Authority or regulatory body or any other Person which is required to be obtained or made on or prior to the Closing Date and which has not previously been obtained or made. (c) Each Obligor has duly executed and delivered each of the Loan Documents to which it is party and each such Loan Document is the legally valid and binding obligation of such Obligor, enforceable against such Obligor in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws relating to or affecting the enforcement of creditors' rights generally, including materiality, reasonableness, good faith and fair dealing, and by general principles of equity (regardless of whether considered in a proceeding in equity or at law). (d) No part of the proceeds of the Loans will be used, directly or indirectly, for any purpose that entails a violation of Regulations U or X of the Federal Reserve Board.

  • Authorization of Agreement, Loan Documents and Borrowing Each of the Borrower and its Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by the duly authorized officers of the Borrower and each of its Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or its Subsidiary party thereto, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

  • Authorization of Notes The Company will authorize the issue and sale of $110,000,000 aggregate principal amount of its 6.47% Senior Notes due September 30, 2030 (the “Notes”, such term to include any such notes issued in substitution therefor pursuant to Section 13). The Notes shall be substantially in the form set out in Exhibit 1. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

  • Termination of Loans In addition to BTC’s authority to terminate a loan of Securities pursuant to the terms of the applicable Securities Lending Agreement as described in Section 2.4 above, BTC shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Lending Agreement promptly: (a) upon receipt by BTC of Oral Instructions or Written Instructions instructing it to terminate a Securities loan; provided that the Company may require that each Security must be returned to the Fund by no later than the date which is the standard settlement date for trades of such Security entered into on the date such Oral Instruction or Written Instruction is received by BTC; (b) upon receipt by BTC of Oral Instructions or Written Instructions pursuant to the Securities Lending Guidelines to no longer lend to a particular Borrower; (c) upon receipt of written notice from the Company terminating this Agreement with respect to one or more Funds in accordance with Section 6; or (d) as contemplated by the Securities Lending Guidelines.

  • Authorization to Make Loans Agent and Lenders are authorized to make the Loans and provide the Letter of Credit Accommodations based upon telephonic or other instructions received from anyone purporting to be an officer of Administrative Borrower or any Borrower or other authorized person or, at the discretion of Agent, if such Loans are necessary to satisfy any Obligations. All requests for Loans or Letter of Credit Accommodations hereunder shall specify the date on which the requested advance is to be made or Letter of Credit Accommodations established (which day shall be a Business Day) and the amount of the requested Loan. Requests received after 12:00 noon Chicago time on any day shall be deemed to have been made as of the opening of business on the immediately following Business Day. All Loans and Letter of Credit Accommodations under this Agreement shall be conclusively presumed to have been made to, and at the request of and for the benefit of, any Borrower when deposited to the credit of any Borrower or otherwise disbursed or established in accordance with the instructions of any Borrower or in accordance with the terms and conditions of this Agreement.

  • Authorization of Agreements The execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of Company.

  • Authorization of Agreement This Agreement has been duly authorized, executed and delivered by the Company.

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