Common use of Borrowing Authorization Clause in Contracts

Borrowing Authorization. The execution, delivery, and performance by the Borrower of this Agreement and the other Loan Documents: (i) have been duly authorized by all requisite trust action; (ii) do not and will not violate (A) any law, regulation, order, writ, judgment, decree, determination, or award currently in effect and applicable to the Borrower, (B) the Declaration of Trust or other organizational or governing documents of the Borrower or the Fund Statement or Prospectus, (C) any provision of any agreement to which the Borrower is a party, or by which it or any of its properties or assets is bound, and (D) any franchise, license, permit, certificate, authorization, qualification, accreditation, or other similar right, consent, or approval of or applicable to the Borrower; and (iii) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower, except in favor of the Bank. No consents, licenses, permits, applications, or authorizations of, notices or reports to, or registrations, filings, or declarations with, any Governmental Authority or other third party are required to be obtained in connection with the execution, delivery, or performance by the Borrower of any of the Loan Documents.

Borrowing Authorization. The execution, delivery, delivery and performance by the Borrower of this Agreement and the other Loan Documents: (i) have been duly authorized by all requisite trust action; (ii) do not and will not violate (A) any law, regulation, order, writ, judgment, decree, determination, determi­nation or award currently in effect and applicable to the Borrower, (B) the Declaration articles of Trust incorporation, declaration of trust or bylaws or other organizational or governing documents of the Borrower or the Fund Statement or ProspectusBorrower, (C) any provision of any agreement to which the Borrower is a party, or by which it or any of its properties or assets is bound, and (D) any franchise, license, permit, certificatecertifi­cate, authorization, qualification, accreditation, accreditation or other similar right, consent, consent or approval of or applicable to the Borrower; and (iii) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower, except in favor of the Bank. No consents, licenses, permits, applications, applications or authorizations authoriza­tions of, notices or reports to, or registrations, filings, filings or declarations with, any Governmental Authority or other third party are required to be obtained in connection with the executionexecu­tion, delivery, delivery or performance by the Borrower of any of the Loan Documents.

Borrowing Authorization. The execution, delivery, delivery and performance by the Borrower of this Agreement and the other Loan Documents: (i) have been duly authorized by all requisite trust action; (ii) do not and will not violate (A) any law, regulation, order, writ, judgment, decree, determination, determination or award currently in effect and applicable to the Borrower, (B) the Declaration articles of Trust incorporation, declaration of trust or bylaws or other organizational or governing documents of the Borrower or the Fund Statement or ProspectusBorrower, (C) any provision of any agreement to which the Borrower is a party, or by which it or any of its properties or assets is bound, and (D) any franchise, license, permit, certificate, authorization, qualification, accreditation, accreditation or other similar right, consent, consent or approval of or applicable to the Borrower; and (iii) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower, except in favor of the Bank. No consents, licenses, permits, applications, applications or authorizations of, notices or reports to, or registrations, filings, filings or declarations with, any Governmental Authority or other third party are required to be obtained in connection with the execution, delivery, delivery or performance by the Borrower of any of the Loan Documents.