Common use of Borrower's Power and Authorization Clause in Contracts

Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note and all other documents executed by it in connection with the Loan (the “Loan Documents”). All company action on the part of Borrower requisite for the due creation and execution of this Agreement, the Note and all other Loan Documents executed has been duly and effectively taken.

Appears in 14 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

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Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note and all other documents docu- ments executed by it in connection with the Loan (the “Loan Documents”). All company action on the part of Borrower requisite for the due creation and execution of this Agreement, the Note and all other Loan Documents executed has been duly and effectively effectively taken.

Appears in 2 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement

Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note and all other documents the Collateral Documents executed by it in connection with the Loan (the “Loan Documents”)it. All company corporate action on the part of the Borrower (including all shareholder action) requisite for the due creation and execution of the Loan and this Agreement, the Note and all other Loan Collateral Documents executed has have been duly and effectively taken.

Appears in 2 contracts

Samples: Loan Agreement (Exploration Co of Delaware Inc), Loan Agreement (Venus Exploration Inc)

Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note and all other documents the Collateral Documents executed by it in connection with the Loan (the “Loan Documents”)it. All company corporate action on the part of Borrower requisite for the due creation execution and execution delivery of this Agreement, the Note and all other Loan Collateral Documents executed has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note Note, the Parent Company Guarantee and all other documents executed by it in connection with the Loan (the “Loan Documents”). All company action on the part of Borrower requisite for the due creation and execution of this Agreement, the Note and all other Loan Documents executed has been duly and effectively taken.

Appears in 1 contract

Samples: Borrower Loan Agreement

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Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note and all other documents executed by it in connection with the Loan (the “Loan Documents”). All company action on the part actions of Borrower requisite for the due creation and execution of this Agreement, the Note and all other Loan Documents executed has have been duly and effectively taken.

Appears in 1 contract

Samples: Master Security Agreement

Borrower's Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform this Agreement, the Note and all other documents executed by it in connection with the Loan (the “Loan Documents”). All company action on the part of Borrower requisite for the due creation and execution of this Agreement, the Note and all other Loan Documents executed has been duly and effectively taken.. V0821

Appears in 1 contract

Samples: Borrower Loan Agreement

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