Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. The Borrower has corporate power and authority to make and carry out this Agreement, to make the borrowings provided for herein, to execute and deliver the Notes and to perform its obligations hereunder and under the Notes; all such action has been duly authorized by all necessary corporate proceedings on its part.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Haemonetics Corp), Revolving Credit Agreement (Haemonetics Corp)

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Corporate Power and Authorization. The Borrower has corporate full power and authority to make and carry out enter into this Agreement, to make the borrowings provided for hereinborrow hereunder, to execute and deliver the Notes Note and the other Loan Documents and to perform its incur the obligations hereunder and under the Notes; provided for herein, all such action has of which have been duly authorized by all proper and necessary corporate proceedings on its partaction.

Appears in 2 contracts

Samples: Loan and Security Agreement (Petmed Express Inc), Loan and Security Agreement (Color Imaging Inc)

Corporate Power and Authorization. The Borrower has corporate full power and authority to make and carry out enter into this Agreement, to make the borrowings provided for hereinborrow hereunder, to execute and deliver the Notes and the other Loan Documents and to perform its incur the obligations hereunder and under the Notes; provided for herein, all such action has of which have been duly authorized by all proper and necessary corporate proceedings on its partaction.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Imaging Inc)

Corporate Power and Authorization. The Such Borrower has corporate power and authority to to, make and carry out this Agreement, Agreement and any other Loan Document to which it is a party to make the borrowings provided for herein, to execute and deliver this Agreement and, in the case of such Borrower, the applicable Notes and to perform its obligations hereunder and under the Notes; any such Loan Documents and all such action has been duly authorized by all necessary corporate proceedings on its part.

Appears in 1 contract

Samples: Short Term Revolving Credit Agreement (Xl Capital LTD)

Corporate Power and Authorization. The Borrower has corporate full power and authority to make and carry out enter into this Agreement, to make the borrowings provided for hereinborrow hereunder, to execute and deliver the Notes and the other Loan Documents to perform its which it is a party and to incur the obligations hereunder and under the Notes; provided for herein, all such action has of which have been duly authorized by all proper and necessary corporate proceedings on its partaction. Each of the Guarantors has full power and authority to enter into the Loan Documents to which each is a party and to incur the obligations provided for therein, all of which have been authorized by all proper and necessary corporate action.

Appears in 1 contract

Samples: Loan and Security Agreement (Comtech Telecommunications Corp /De/)

Corporate Power and Authorization. The Borrower has corporate full power and authority to make and carry out enter into this Agreement, to make the borrowings provided for hereinborrow hereunder, to execute and deliver the Notes Note, any Term Note(s) and the other Loan Documents and to perform its incur the obligations hereunder and under the Notes; provided for herein, all such action has of which have been duly authorized by all proper and necessary corporate proceedings on its partaction.

Appears in 1 contract

Samples: Loan Agreement (First Franklin Financial Corp)

Corporate Power and Authorization. The Borrower has corporate power is duly --------------------------------- authorized and authority empowered to make create and carry out issue the Note, to execute, deliver and perform its obligations under this Agreement, to make the borrowings provided for herein, to execute and deliver the Notes and to execute, deliver and perform its obligations hereunder and under the Notes; all such Other Transaction Documents to which it is a party. All corporate action on the Borrower's part necessary for the due creation and issuance of the Note and for the due execution, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party has been duly authorized by all necessary corporate proceedings on its partand effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Coyote Sports Inc)

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Corporate Power and Authorization. The Borrower has the full corporate power and authority to make execute and carry out deliver this AgreementCredit Agreement and the other Loan Documents to which it is a party and to perform all of the obligations hereunder and thereunder, and all necessary corporate action has been taken to execute, deliver and perform this Credit Agreement and the other Loan Documents to which it is a party and to make the borrowings provided for herein, to execute and deliver the Notes and to perform its obligations hereunder and under the Notes; all such action has been duly authorized by all necessary corporate proceedings on its parthereunder.

Appears in 1 contract

Samples: Line of Credit Agreement (Infinity Pharmaceuticals, Inc.)

Corporate Power and Authorization. The Borrower has corporate full power and authority to make and carry out enter into this Agreement, to make the borrowings provided for hereinborrow hereunder, to execute and deliver the Notes Secured Note and the other Loan Documents and to perform its incur the obligations hereunder and under the Notes; provided for herein, all such action has of which have been duly authorized by all proper and necessary corporate proceedings on its partaction, duly executed and delivered to Lender at the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Crown Andersen Inc)

Corporate Power and Authorization. The Borrower has corporate full power and authority to make and carry out enter into this Agreement, to make the borrowings provided for hereinborrow hereunder, to execute and deliver the Notes Note(s) and the other Loan Documents and to perform its incur the obligations hereunder and under the Notes; provided for herein, all such action has of which have been duly authorized by all proper and necessary corporate proceedings on its partaction.

Appears in 1 contract

Samples: Loan Agreement (Levitt Corp)

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