Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. Each Loan Party has corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each Loan Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part.

Appears in 5 contracts

Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp)

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Corporate Power and Authorization. Each Loan Party has corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each Loan Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limitation of the foregoing, the Borrower has the corporate power and authority to borrow and request Letters of Credit to be issued pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings and requests.

Appears in 2 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

Corporate Power and Authorization. Each of the Loan Party Parties has corporate full power and authority to execute, deliver, perform, and take has taken or caused to be taken all actions contemplated by, each necessary action to authorize it to execute and deliver the Loan Document Documents to which it is a party, and all such action has been duly to perform and validly authorized by all necessary corporate proceedings on its partcomply with the terms, conditions, and agreements set forth therein.

Appears in 1 contract

Samples: Loan Agreement

Corporate Power and Authorization. Each Loan Party has corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each Loan Document or Related Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part.

Appears in 1 contract

Samples: Credit Agreement (Norstan Inc)

Corporate Power and Authorization. Each Loan Party has corporate power and authority to execute, deliver, perform, perform and take all actions contemplated by, by this Amendment and each Loan Document Document, as amended hereby (collectively, the "Amended Loan Documents"), to which it is a party, ; and all such action has been duly and validly authorized by all necessary corporate proceedings on its partthe part of each Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Kennametal Inc)

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Corporate Power and Authorization. Each Loan Party has corporate or other organizational power and authority to execute, deliver, perform, and take all actions contemplated by, hereby and by each other Loan Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part.

Appears in 1 contract

Samples: Credit Agreement (Black Box Corp)

Corporate Power and Authorization. Each Loan Party has corporate or other organizational power and authority to execute, deliver, perform, and take all actions contemplated by, each Loan Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part.

Appears in 1 contract

Samples: Credit Agreement (Black Box Corp)

Corporate Power and Authorization. Each The Borrower and each other Loan Party has corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each Loan Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 1 contract

Samples: Credit Agreement (Kennametal Inc)

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