Common use of Borrower's Authorization Clause in Contracts

Borrower's Authorization. The execution, delivery and performance by Borrower of this Agreement and the Credit Notes are within Borrower's powers, have been authorized by all necessary corporate action and do not and will not contravene Borrower's Articles of Incorporation or Bylaws, violate any provision of law or result in a breach of or default under any other agreement to which Borrower is a party.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (MAGELLAN GOLD Corp), Credit Agreement (Athena Silver Corp)

AutoNDA by SimpleDocs

Borrower's Authorization. The execution, delivery and performance by ------------------------ Borrower of this Agreement Agreement, the Line Note and the Credit Notes Collateral Documents are within Borrower's corporate powers, have been authorized by all necessary corporate action and do not and will not contravene Borrower's Articles of Incorporation or Bylaws, violate any provision of law or result in a breach of or default under any other agreement to which Borrower is a party.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Koala Corp /Co/), Revolving Credit Agreement (Koala Corp /Co/)

Borrower's Authorization. The execution, delivery and performance by Borrower of this Agreement and the Credit Notes Note are within Borrower's powers, have been authorized by all necessary corporate action and do not and will not contravene Borrower's Articles of Incorporation or BylawsBy-Laws, violate any provision of law or result in a material breach of or default under any other material agreement to which Borrower is a party.

Appears in 2 contracts

Samples: Credit Agreement (B2 Health, Inc.), Credit Agreement (Golden West Brewing Company, Inc.)

Borrower's Authorization. The execution, delivery and performance by Borrower of this Agreement, the Line Note and any other documents required by the Bank in connection with this Agreement and the Credit Notes are within Borrower's corporate powers, have been authorized by all necessary corporate action and do not and will not contravene Borrower's Articles of Incorporation or Bylaws, violate any provision of law or result in a breach of or default under any other agreement to which Borrower is a party.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Granite Financial Inc)

AutoNDA by SimpleDocs

Borrower's Authorization. The execution, delivery and performance by ------------------------ Borrower of this Agreement, the Line Note and any other documents required by the Bank in connection with this Agreement and (collectively, the Credit Notes "Closing Documents") are within Borrower's corporate powers, have been authorized by all necessary corporate action and do not and will not contravene Borrower's Articles of Incorporation or Bylaws, violate any provision of law or result in a breach of or default under any other agreement to which Borrower is a party.

Appears in 1 contract

Samples: Revolving Credit Agreement (Koala Corp /Co/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!