Common use of Company Power and Authority Clause in Contracts

Company Power and Authority. Each Credit Party has the Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 7 contracts

Samples: Credit Agreement (Dade Behring Holdings Inc), Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Salt Holdings Corp)

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Company Power and Authority. Each Credit Party has the Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 5 contracts

Samples: Credit Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc)

Company Power and Authority. Each Credit Party has the Company --------------------------- power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 4 contracts

Samples: Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (RPP Capital Corp), Credit Agreement (Pacer Express Inc)

Company Power and Authority. Each Credit Party has the Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party Person enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws generally relating to or affecting creditors' rights generally and by general equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)

Company Power and Authority. Each Credit Party has the Company requisite power and authority to execute, deliver and carry out perform the terms and provisions of each of the Transaction Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance by it of the Documents to which it is a partyeach of such Transaction Documents. Each Credit Party has duly executed and delivered each Document of the Transaction Documents to which it is a party party, and each of such Document Transaction Documents constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the such enforceability thereof may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium insolvency or similar laws generally affecting creditors' the enforcement of creditor's rights and by equitable general principles (regardless of whether enforcement is sought in equity or at law)equity.

Appears in 3 contracts

Samples: Credit Agreement (TBS International LTD), Credit Agreement (TBS International LTD), Credit Agreement (Seabulk International Inc)

Company Power and Authority. Each Credit Party has the Company requisite power and authority to execute, deliver and carry out perform the terms and provisions of each of the Transaction Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance by it of the Documents to which it is a partyeach of such Transaction Documents. Each Credit Party has duly executed and delivered each Document of the Transaction Documents to which it is a party party, and each of such Document Transaction Documents constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the such enforceability thereof may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium insolvency or similar laws generally affecting creditors' the enforcement of creditor’s rights and by equitable general principles (regardless of whether enforcement is sought in equity or at law)equity.

Appears in 2 contracts

Samples: Credit Agreement (Secunda International LTD), Credit Agreement (Offshore Logistics INC)

Company Power and Authority. Each Credit Party has the requisite Company power and authority to execute, deliver and carry out perform the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance by it of the Documents to which it is a partyeach of such Credit Documents. Each Credit Party has duly executed and delivered each Document of the Credit Documents to which it is a party party, and each of such Document Credit Documents constitutes the its legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Trizec Properties Inc), Credit Agreement (Trizec Properties Inc)

Company Power and Authority. Each of the Credit Party Parties has the Company Organization power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company Organization action to authorize the execution, delivery and performance of the Documents to which it is a party. Each of Credit Party Parties has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party Person enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 2 contracts

Samples: Note Purchase Agreement (Stonemor Partners Lp), Note Purchase Agreement (Stonemor Partners Lp)

Company Power and Authority. Each Credit Party has the Company power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party Person enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws generally relating to or affecting creditors' rights generally and by general equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

Company Power and Authority. Each Credit Party has the requisite Company power and authority to execute, deliver and carry out perform the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance by it of the Documents to which it is a partyeach of such Credit Documents. Each Credit Party has duly executed and delivered each Document of the Credit Documents to which it is a party party, and each of such Document Credit Documents constitutes the its legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Trizec Properties Inc)

Company Power and Authority. Each Credit Party has the requisite Company power and authority to execute, deliver and carry out perform the terms and provisions of each of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance by it of the Documents to which it is a partyeach of such Documents. Each Credit Party has duly executed and delivered each Document of the Documents to which it is a party party, and each of such Document Documents constitutes the its legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Trizec Properties Inc)

Company Power and Authority. Each Credit Party has the Company power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Baldwin Technology Co Inc)

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Company Power and Authority. Each of the Credit Party Parties has the Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each of Credit Party Parties has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party Person enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Stonemor Partners Lp)

Company Power and Authority. Each Credit Party has the Company Organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary Company Organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Intelsat LTD)

Company Power and Authority. Each Credit Party has the ---------------------------- Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (GSL Corp)

Company Power and Authority. Each Credit Party has the Company --------------------------- power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary Company corporate action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party Person enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Unilab Corp /De/)

Company Power and Authority. Each Credit Party has the Company --------------------------- power and authority to execute, deliver and carry out the terms and provisions of the Documents Docu ments to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable enforce able in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Alliance Imaging of Michigan Inc)

Company Power and Authority. Each Credit Party has ---------------------------- the Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals Group Inc)

Company Power and Authority. Each Credit Party has the Company --------------------------- power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable enforce able in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (MTL Inc)

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