Borrower Authority. Borrower has the requisite partnership power and authority to execute, deliver and perform each of the Loan Documents to which it is or will be a party. The execution, delivery and performance thereof, and the consummation of the transactions contemplated thereby, have been duly approved by the general partner of Borrower, and no other partnership proceedings or authorizations on the part of Borrower or its general or limited partners are necessary to consummate such transactions. Each of the Loan Documents to which Borrower is a party has been duly executed and delivered by Borrower and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other laws affecting creditors' rights generally.
Borrower Authority. Agent shall have received in form and substance satisfactory to it (i) a copy of a resolution adopted by the Board of Directors of Borrower authorizing the execution, delivery and performance of this Agreement and the other Borrower Documents certified by the Secretary of Borrower; (ii) evidence of the authority and specimen signatures of the persons who have signed this Agreement and the other Borrower Documents; (iii) Certificates of Good Standing dated as of a recent date issued by the Secretary of State of Minnesota in respect of Borrower; and (iv) such other evidence of corporate authority as Agent shall reasonably require.
Borrower Authority. The Agent shall have received the following, each in form and substance satisfactory to the Lenders and the Agent and their legal counsel: (i) such certificates of resolutions or other action, incumbency certificates and/or other certificates of officers of the Borrower as the Agent may require to establish the identities of and verify the authority and capacity of each officer thereof authorized to act as an officer in connection with this Agreement, the Notes and the other Borrower Documents; and (ii) such evidence as the Agent may require to verify that the Borrower is duly formed, validly existing, in good standing and qualified to engage in business in each jurisdiction in which it is required to be qualified to engage in business, including certified copies of the Borrower’s certificate of formation and operating agreement and a certificate of good standing.
Borrower Authority. 34 5.3 REIT ORGANIZATION; CORPORATE POWERS........................34
Borrower Authority. Each Borrower has full legal right, power and authority to enter into the Credit Enhancement Documents executed by it and to perform the transactions contemplated thereby. Each such Credit Enhancement Document has been duly authorized, executed and delivered by such Borrower and is a valid and binding agreement on the part of such Borrower, enforceable in accordance with its terms; the performance of each such Credit Enhancement Document and the consummation of the transactions therein contemplated will not result in a breach or violation of any of the terms and provisions of, or constitute a default under: (i) any contract or agreement to which any member of the Borrower Group is a party or to which any of its assets are subject; (ii) the charter or bylaws of any member of the Borrower Group; or (iii) any law, rule, regulation or order. No consent, approval, authorization or order of, or qualification with, any governmental authority having jurisdiction over any member of the Borrower Group or over its respective properties or assets is required for the execution and delivery of the Credit Enhancement Documents executed by Borrower or the consummation by the Borrower of the transactions therein contemplated.
Borrower Authority. If Borrower is a corporation, a partnership, trust, or limited liability company, Lender shall have no duty to inquire into the powers of Borrower or the officers, directors, partners, trustees, members, managers, or agents acting or purporting to act on its behalf, and any document entered into pursuant to the Security Agreement or any other Obligations incurred upon the purported exercise of such power or authority is hereby guaranteed hereunder.
Borrower Authority. The Agent shall have received, in form and substance satisfactory to the Lenders, a certified copy of the Organizational Documents of the Borrower and certified copies of resolutions adopted by the board of directors of the Borrower authorizing the execution, delivery and performance of the Loan Documents to which it is a party, together with evidence that the Borrower is in good standing in the states of Oregon and evidence of the authority and specimen signatures of the natural persons who have signed this Agreement and who will sign the other Loan Documents on behalf of the Borrower and such other evidence of corporate authority as the Agent or any Lender shall reasonably require.
Borrower Authority. With respect to Borrower:
Borrower Authority. Lender shall have received, in form and substance satisfactory to it, a certified copy of the Articles of Incorporation and Bylaws of Borrower and certified copies of resolutions adopted by the Board of Directors of Borrower authorizing the execution, delivery and performance of the Loan Documents to which it is a party, together with evidence that Borrower is in good standing in the states of Washington and Oregon and evidence of the authority and specimen signatures of the natural persons who have signed this Agreement and who will sign the other Loan Documents on behalf of Borrower and such other evidence of corporate authority as Lender shall reasonably require.
Borrower Authority. Subject to Article III herein, and in particular except as may be contemplated in, the evidence of Partnership Authority delivered to Lender, the execution of this Modification Agreement by the Borrower, the performance by the Borrower of the Borrower's obligations hereunder, and the transfer of the Property does not require the consent or approval of any third party; neither this Modification Agreement nor anything provided to be done hereunder (including, without implied limitation, the transfer of the Property to the Lender) violates or will violate any contract, document, understanding, agreement or instrument to which the Borrower is a party;
