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Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform its obligations under this Amendment and to make the borrowings provided for in the Credit Agreement, and all requisite corporate action on the Borrower’s part for the due execution, delivery and performance of this Amendment has been duly and effectively taken.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver deliver, and perform its obligations under this Amendment all Loan Documents; the Borrower's board of directors has authorized the Borrower to execute and to make perform under the borrowings provided for in the Credit Agreement, Loan Documents; and all requisite other corporate and/or shareholder action on the Borrower’s 's part required for the due execution, delivery delivery, and performance of this Amendment the Loan Documents has been duly and effectively taken.

Appears in 4 contracts

Samples: Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to borrow the Revolving Loans; and Borrower is duly authorized and empowered to execute, deliver and perform its obligations under this Amendment Agreement and the other Loan Documents to make the borrowings provided for in the Credit Agreement, which it is a party; and all requisite corporate action on the Borrower’s part requisite for the due execution, delivery and performance of this Amendment Agreement and the other Loan Documents to which it is a party has been duly and effectively taken.

Appears in 2 contracts

Samples: Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)

Corporate Power and Authorization. The Borrower is duly authorized and --------------------------------- empowered to execute, deliver deliver, and perform its obligations under this Amendment all Loan Documents; Borrower's board of directors has authorized such Borrower to execute and to make perform under the borrowings provided for in the Credit Agreement, Loan Documents; and all requisite other corporate action on the Borrower’s part required for the due execution, delivery delivery, and performance of this Amendment the Loan Documents has been duly and effectively taken.

Appears in 2 contracts

Samples: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform its obligations under this Amendment and to make the borrowings provided for in the Credit Agreement, and all requisite corporate action on the Borrower’s 's part for the due execution, delivery and performance of this Amendment has been duly and effectively taken.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to execute, execute and deliver and perform its obligations under this Amendment and to make the borrowings provided for in the Credit Agreement, and to create and issue the Note, and all requisite corporate and other action on the Borrower’s part of Borrower for the due creation and issuance of the Note and for the due execution, delivery and performance of this Amendment Agreement has been duly and effectively taken.;

Appears in 1 contract

Samples: Loan and Pledge Agreement (Valhi Inc /De/)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to create and issue the Note; and Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Amendment and to make the borrowings provided for in the Credit Agreement, ; and all requisite corporate and other action on the Borrower’s 's part requisite for the due executioncreation and issuance of the Note and this Agreement, delivery and performance of this Amendment has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

Corporate Power and Authorization. The Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, to execute, deliver deliver, and perform its this Agreement, and to incur the obligations under provided for herein and therein; and all corporate and other action on Borrower's part requisite for the due creation and issuance of the Note and for the due execution, delivery, and performance of this Amendment Agreement and to make the borrowings provided for in the Credit Agreement, and all requisite corporate action on the Borrower’s part for the due execution, delivery and performance of this Amendment hereunder has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Atmos Energy Corp)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to create and issue the Notes; and Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Amendment and to make the borrowings provided for in the Credit Agreement, ; and all corporate and other action on Borrower's part requisite corporate action for the due creation and issuance of the Notes and on the Borrower’s 's part requisite for the due execution, delivery and performance of the Security Instruments, including this Amendment Agreement has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)