Borrower’s Authority. (a) Each Obligor (other than the Borrower), by its execution of this Agreement, irrevocably authorises the Borrower to act on its behalf as its agent in relation to the Finance Documents and authorises:
Borrower’s Authority. The execution, delivery and performance of all of the Loan Documents have been duly authorized by all requisite action by each Borrower. All of the Loan Documents have been duly executed and delivered and constitute valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms (except as may be limited by applicable Bankruptcy Laws and other Laws affecting the enforceability of creditors’ rights generally and principles of equity), and Bank will be entitled to the benefits of all of the Loan Documents.
Borrower’s Authority. By signing this Agreement, Borrower warrants that Borrower has legal authority to enter into this transaction; that the terms and conditions of this Agreement, any other Loan Document and Security Instrument executed in connection herewith are legally binding on Borrower and do not contravene the terms and conditions of any other contract(s) of Borrower; that Borrower's representations in connection with this Agreement are true and accurate; that Borrower is not involved in, and has no expectations of involvement in, any legal action that might impair Borrower's financial condition or ability to continue business, and that Borrower is qualified and/or licensed to do business in all states requiring Borrower to be so qualified or licensed.
Borrower’s Authority. Borrower and the persons executing this Loan Agreement on behalf of Borrower represent and warrant to Lender that Borrower is a duly formed and validly existing limited partnership and has qualified, to the extent necessary, in the state or states in which the Real Property is located, and in all other jurisdictions in which Borrower owns property or conducts business, and has full power and authority to borrow the loan proceeds and to execute and deliver the Note, the Mortgage, and the Collateral Loan Documents, and to perform all of the obligations of Borrower under the Note, the Mortgage, and the Collateral Loan Documents.
Borrower’s Authority. Administrative Agent shall have received a -------------------- Certificate of General Partner of Borrower, in form and substance acceptable to Administrative Agent, authorizing the execution, delivery and performance of this Agreement and the borrowing by it hereunder, together with such other papers, certifications or other documents as Administrative Agent may require to evidence that Borrower has the legal power and authority to enter into this Agreement, the other Loan Documents, and the transactions contemplated hereby.
Borrower’s Authority. The Borrower has, all requisite legal right, power and authority to execute, deliver and perform the terms and provisions of this Agreement, the Financing Agreements executed by it, and all other instruments or documents delivered by it pursuant hereto and thereto. The Borrower has taken or caused to be taken all necessary action to authorize the execution, delivery and performance of this Agreement, the Financing Agreements executed by it, and all other instruments or documents delivered or to be delivered by it pursuant hereto and thereto. This Agreement, the Financing Agree ments executed by the Borrower, and all related instruments or documents delivered or to be delivered pursuant hereto or thereto constitute and will constitute legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms, except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights generally and the availability of equitable remedies.
Borrower’s Authority. Borrower hereby grants to Dayton Capital Partners, LLC the exclusive right to obtain a loan for the submitted property commencing upon the Effective Date of this agreement. Dayton Capital Partners will obtain contingent approval of said loan within 30 days of the borrower submitting a complete application and the requested documentation. If Dayton Capital Partners is unable to obtain a contingent approval within 30 days, this exclusive right is terminated.
Borrower’s Authority. The Administrative Agent shall have received the following documents in form and substance satisfactory to the Administrative Agent and its legal advisers:
Borrower’s Authority. Borrower represents and warrants to Lender as -------------------- follows: (i) Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of North Carolina; (ii) Borrower has the authority to enter into and perform its obligations under this Note; (iii) this Note has been duly authorized and approved on behalf of Borrower by its board of directors, and this Note constitutes the legal, valid and binding obligation of Borrower in accordance with its terms; and (iv) Borrower has taken all action required of it by law, its Articles of Incorporation or its Bylaws, to authorize the execution, delivery and performance of this Note.
Borrower’s Authority. The execution, delivery and performance of all of the Loan Documents have been duly authorized by all requisite action by each Borrower Party a party thereto. All of the Loan Documents have been duly executed and delivered and constitute valid and binding obligations of the Borrower Parties a party thereto, enforceable in accordance with their respective terms (except as may be limited by applicable Bankruptcy Laws and other Laws affecting the enforceability of creditors’ rights generally and principles of equity), and Lender Parties will be entitled to the benefits of all of the Loan Documents.
