Common use of Corporate Power and Authority Clause in Contracts

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit Agreement. Each Credit Party has duly executed and delivered this Amendment, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements of such Credit Party enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law).

Appears in 10 contracts

Samples: Credit Agreement (Minerva Surgical Inc), Credit Agreement (Teligent, Inc.), Credit Agreement (Teligent, Inc.)

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Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendmenteach Credit Document to which it is a party and each such Credit Document constitutes the legal, valid, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent conveyanceliquidation, moratoriumwinding up, reorganization and other dissolution, strike-off or similar laws relating to or affecting creditors’ rights generally and subject to general principles of equity (whether considered in a proceeding in equity or law)equity.

Appears in 9 contracts

Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.), First Lien Credit Agreement (BrightSpring Health Services, Inc.), Lien Credit Agreement (BrightSpring Health Services, Inc.)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendment, the Credit Documents and this Amendment each other Transaction Document to which it is a party and the Amended Credit Agreement such Transaction Documents constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law).

Appears in 8 contracts

Samples: Credit Agreement (Minerva Surgical Inc), Credit Agreement (Teligent, Inc.), Credit Agreement (Teligent, Inc.)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendment, the Credit Documents to which it is a party and this Amendment and the Amended Credit Agreement all such documents constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law).

Appears in 8 contracts

Samples: Credit Agreement (Grindr Inc.), Credit Agreement (Grindr Inc.), Credit Agreement (Tiga Acquisition Corp.)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendment, the Credit Documents to which it is a party and this Amendment and the Amended such Credit Agreement Documents constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law).

Appears in 5 contracts

Samples: Credit Agreement (Adma Biologics, Inc.), Credit Agreement (Evolent Health, Inc.), Credit Agreement (Paragon 28, Inc.)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational applicable power and authority to execute execute, deliver and deliver this Amendment and carry out perform the terms and provisions of this Amendment and each of the Amended Credit Agreement Documents to which it is party and has taken all necessary corporate or other organizational applicable action to authorize the execution, delivery and performance by it of this Amendment and the performance each of the Amended Credit Agreementsuch Documents. Each Credit Party has duly executed and delivered this Amendmenteach of the Documents to which it is party, and this Amendment and each of such Documents constitutes the Amended Credit Agreement constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratoriumreorganization, reorganization and moratorium or other similar laws relating to or generally affecting creditors' rights generally and general by equitable principles (regardless of equity (whether considered in a proceeding enforcement is sought in equity or at law)) and principles of good faith and fair dealing.

Appears in 3 contracts

Samples: Security Agreement (Iasis Healthcare Corp), Credit Agreement (Packaging Corp of America), Southwest General Hospital Lp

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendmenteach Credit Document to which it is a party and each such Credit Document constitutes the legal, valid, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent conveyanceliquidation, moratoriumwinding up, reorganization and other dissolution or similar laws relating to or affecting creditors’ rights generally and subject to general principles of equity (whether considered in a proceeding in equity or law)equity.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Bountiful Co), Second Lien Credit Agreement (Bountiful Co), Credit Agreement (Bountiful Co)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit Agreement. Each Credit Party has duly executed and delivered this Amendment, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements of such Credit Party enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law). 2.04.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Teligent, Inc.), Second Lien Credit Agreement (Teligent, Inc.)

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Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended such Credit AgreementDocuments. Each Credit Party has duly executed and delivered this Amendmenteach Credit Document to which it is a party and each such Credit Document constitutes the legal, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements obligation of such Credit Party Party, enforceable in accordance with their respective its terms, subject to applicable except that enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, moratoriumfraudulent transfer, reorganization and reorganization, moratorium or other similar laws Laws now or hereafter in effect relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding enforcement is sought in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Aptargroup Inc), Credit Agreement (Aptargroup Inc)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute execute, deliver and deliver this Amendment and carry out perform the terms and provisions of this Amendment and each of the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance by it of this Amendment and the performance each of the Amended Credit Agreementsuch Documents. Each Credit Party has duly executed and delivered this Amendmenteach of the Documents to which it is a party, and this Amendment and each of such Documents constitutes the Amended Credit Agreement constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratoriumreorganization, reorganization and moratorium or other similar laws relating to or generally affecting creditors' rights generally and general by equitable principles (regardless of equity (whether considered in a proceeding enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Big Flower Press Holdings Inc)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendment, the Credit Documents and this Amendment each other Transaction Document to which it is a party and the Amended Credit Agreement all such documents constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law).

Appears in 1 contract

Samples: Credit Agreement (Instructure Holdings, Inc.)

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and execute, deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit AgreementDocuments to which it is a party. Each Credit Party has duly executed and delivered this Amendment, the Credit Documents and this Amendment each other Transaction Document to which it is a party and the Amended Credit Agreement such Transaction Documents constitute the legal, valid and binding agreements obligation of such Credit Party enforceable in accordance with their respective its terms, subject to applicable the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law).. SECTION 7.03

Appears in 1 contract

Samples: Credit Agreement (Evolent Health, Inc.)

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