Common use of Corporate Power and Due Authorization Clause in Contracts

Corporate Power and Due Authorization. Borrower has the corporate power and capacity to enter into, and to perform its obligations under this Agreement and the Financing Documents. Each of this Agreement and the Financing Documents has been duly authorized, executed and delivered by Borrower (including, without limitation, receipt of all requisite director and shareholder approvals) and is a valid and binding obligation of Borrower enforceable in accordance with its terms, subject to the usual exceptions as to bankruptcy and the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Xactly Corp)

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Corporate Power and Due Authorization. The Borrower has the corporate power and capacity to enter into, and to perform its obligations under this Agreement and the Financing Documents. Each of this Agreement and the Financing Documents has been duly authorized, executed and delivered by the Borrower (including, without limitation, receipt of all requisite director and shareholder approvals) and is a valid and binding obligation of the Borrower enforceable in accordance with its terms, subject to the usual exceptions as to bankruptcy and the availability of equitable remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (GlassHouse Technologies Inc)

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Corporate Power and Due Authorization. Borrower has the corporate power and capacity to enter into, and to perform its obligations under this Agreement and the Financing Documents. Each of this Agreement and the Financing Documents has been duly authorized, executed and delivered by Borrower (including, without limitation, receipt of all requisite director and shareholder approvals) and is a valid and binding obligation of Borrower enforceable in accordance with its its, terms, subject to the usual exceptions as to bankruptcy and the availability of equitable remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Xactly Corp)

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