Common use of Corporate Power and Authority; No Required Consents or Approvals Clause in Contracts

Corporate Power and Authority; No Required Consents or Approvals. (a) Each Loan Party has the power to execute, deliver and perform its obligations under each Transaction Document to which it is a party, to grant Liens pursuant to the Collateral Agreements to which it is a party and, in the case of the Company, to issue and sell the Securities hereunder and to deliver the Securities to the Purchasers.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Fibernet Telecom Group Inc\), Securities Purchase Agreement (Trident Telecom Partners LLC)

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Corporate Power and Authority; No Required Consents or Approvals. (a) Each Loan Party The Borrower and each Guarantor has the power to execute, deliver and perform its obligations under each Transaction Loan Document to which it is a party, to borrow hereunder (if applicable), to grant Liens pursuant to the Collateral Agreements Financing Documents to which it is a party and, in the case of the Company, to issue and sell the Securities hereunder and to deliver the Securities any Notes to the Purchasersbe delivered by it hereunder.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Corporate Power and Authority; No Required Consents or Approvals. (a) Each Loan Party has the power to execute, deliver and perform its obligations under each Transaction Loan Document to which it is a party, to borrow hereunder (in the case of the Borrower) and to grant Liens pursuant to the Collateral Agreements Financing Documents to which it is a party and, in the case of the Company, to issue and sell the Securities hereunder and to deliver the Securities to the Purchasersparty.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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Corporate Power and Authority; No Required Consents or Approvals. (a) Each Loan Party has the power to execute, deliver and perform its obligations under each Transaction Loan Document to which it is a party, to borrow hereunder (in the case of the Borrowers) and to grant Liens pursuant to the Collateral Agreements Financing Documents to which it is a party and, in the case of the Company, to issue and sell the Securities hereunder and to deliver the Securities to the Purchasersparty.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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