Common use of Authorization; Power; Enforceable Obligations Clause in Contracts

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document will constitute, a legal, valid and binding obligation of the Credit Parties executing such documents enforceable against such Credit Parties in accordance with their respective terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Credit Agreement (Hni Corp), Credit Agreement (Hni Corp), Credit Agreement (Hni Corp)

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Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower Company and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document Note will constitute, a legal, valid and binding obligation of the Company and the other Credit Parties executing such documents enforceable against the Company and any such Credit Parties Party in accordance with their respective its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document Note will constitute, a legal, valid and binding obligation of the Credit Parties executing such documents enforceable against such Credit Parties in accordance with their respective terms, except as such enforceability may be limited by (ai) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (bii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Credit Agreement (Hni Corp), Credit Agreement (Hni Corp)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower Company and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document Note will constitute, a legal, valid and binding obligation of the Company and the other Credit Parties executing such documents enforceable against the Company and any such Credit Parties Party in accordance with their respective its terms, except as such enforceability may be limited by (ai) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (bii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document Note will constitute, a legal, valid and binding obligation of the Borrower and the other Credit Parties executing such documents enforceable against the Borrower and any such Credit Parties Party in accordance with their respective its terms, except as such enforceability may be limited by (ai) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (bii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action or company action, as applicable, on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document Note will constitute, a legal, valid and binding obligation of the Borrower and the other Credit Parties executing such documents enforceable against the Borrower and any such Credit Parties Party in accordance with their respective its terms, except as such enforceability may be limited by (ai) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (bii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each other Credit Document will constitute, a legal, valid and binding obligation of the Borrower and the other Credit Parties executing such documents enforceable against the Borrower and any such Credit Parties Party in accordance with their respective its terms, except as such enforceability may be limited by (ai) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (bii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). Each Credit Document to which it is a party has been duly executed and delivered on behalf of the Borrower or the other Credit Parties, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Hyatt Hotels Corp)

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Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate or limited liability company action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document will constitute, a legal, valid and binding obligation of the Credit Parties executing such documents enforceable against such Credit Parties in accordance with their respective terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Hni Corp)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document will constitute, a legal, valid and binding obligation of the Credit Parties executing such documents enforceable against such Credit Parties in accordance with their respective terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Credit Agreement (Hni Corp)

Authorization; Power; Enforceable Obligations. This Credit Agreement and the other Credit Documents have been duly authorized by all necessary corporate or limited liability company action on the part of the Borrower and the other Credit Parties, and this Credit Agreement constitutes, and upon execution and delivery thereof each Credit Document will constitute, a legal, valid and binding obligation of the Credit Parties executing such documents enforceable against such Credit Parties in accordance with their respective terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Fourth Amended and Restated Credit Agreement (Hni Corp)

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