Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, to execute, deliver, and perform this Agreement, and to incur the obligations 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 Agreement and to make the borrowings hereunder has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Atmos Energy Corp)

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

Appears in 1 contract

Samples: Loan Agreement (Paragon Coyote Texas LTD)

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

Appears in 1 contract

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

Corporate Power and Authorization. Each Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, Notes; and each Borrower is duly authorized and empowered to execute, deliver, deliver and perform the Security Instruments, including this Agreement, and to incur the obligations provided for herein and therein; and all corporate and other action on Borrower's part Borrowers' part, respectively, requisite for the due creation and issuance of the Note Notes and for the due executionthis Agreement, delivery, and performance of this Agreement and to make the borrowings hereunder 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 obligations under this Agreement, and to incur execute, deliver and perform its obligations under the obligations provided for herein and therein; and all Other Transaction Documents to which it is a party. All corporate and other action on the Borrower's part requisite necessary for the due creation and issuance of the Note and for the due execution, delivery, delivery and performance of this Agreement and of the Other Transaction Documents to make the borrowings hereunder which it is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Coyote Sports Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Independent Bankshares Inc)

Corporate Power and Authorization. Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, Notes; and Borrower is duly authorized and empowered to execute, deliver, deliver and perform the Security Instruments, including this Agreement, and to incur the obligations 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 Notes and on the Borrower's part requisite for the due execution, delivery, delivery and performance of the Security Instruments, including this Agreement and to make the borrowings hereunder has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)

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Corporate Power and Authorization. The Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, ; and the Borrower is duly authorized and empowered to execute, deliver, deliver and perform the Security Instruments, including this Agreement, and to incur the obligations provided for herein and thereinwhich it is a party; and all corporate and other action on the Borrower's part requisite for the due creation and issuance of the Note and for the due execution, delivery, delivery and performance of the Security Instruments, including this Agreement and Agreement, to make which the borrowings hereunder Borrower is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Newmark Homes Corp)

Corporate Power and Authorization. The Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, Notes; and the Borrower is duly authorized and empowered to execute, deliver, deliver and perform the Security Instruments, including this Agreement, and to incur the obligations provided for herein and thereinwhich it is a party; and all corporate and other action on the Borrower's part requisite for the due creation and issuance of the Note Notes and for the due execution, delivery, delivery and performance of the Security Instruments, including this Agreement and Agreement, to make which the borrowings hereunder Borrower is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Panda Interfunding Corp)

Corporate Power and Authorization. Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, ; and Borrower is duly authorized and empowered to execute, deliver, deliver and perform the Security Instruments, including this Agreement, and to incur the obligations 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 executionthis Agreement, delivery, and performance of this Agreement and to make the borrowings hereunder has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

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