Common use of Corporate Power; Authorization; Enforceable Obligation Clause in Contracts

Corporate Power; Authorization; Enforceable Obligation. BAFC has the corporate power, authority and legal right to execute, deliver and perform the Transaction Documents and to borrow hereunder and has taken all necessary corporate action to authorize the borrowings on the terms and conditions hereof and the execution, delivery and performance of the Transaction Documents. No consent, license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any Governmental Authority is required for the execution, delivery and performance by BAFC of the Transaction Documents which has not been obtained, made, given or accomplished. This Agreement and the other Transaction Documents, including the Liquidity Loan Notes, have been executed and delivered by a duly authorized officer of BAFC, and each of the Transaction Documents constitutes and, in the case of Commercial Paper, when executed and issued in accordance with the provisions hereof and of the Depositary Agreement, will constitute, a legal, valid and binding obligation of BAFC enforceable against BAFC in accordance with its respective terms except that the enforceability thereof may be subject to the effects of any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 3 contracts

Samples: Liquidity Agreement (Bunge LTD), Liquidity Agreement (Bunge LTD), Liquidity Agreement (Bunge LTD)

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Corporate Power; Authorization; Enforceable Obligation. BAFC The Company has the corporate power, authority and legal right to execute, deliver and perform the Transaction Company Documents and to borrow hereunder and has taken all necessary corporate action to authorize the borrowings on the terms and conditions hereof and hereof, the execution, delivery and performance by the Company of the Transaction DocumentsCompany Documents (other than the Securities). No consent, license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any Governmental Authority governmental authority is required for the execution, delivery and or performance by BAFC the Company of the Transaction Company Documents which has not been obtained, made, given or accomplished. This Agreement and The Company Documents (other than the other Transaction Documents, including the Liquidity Loan Notes, Securities) have been executed and delivered by a duly authorized officer of BAFCthe Company, and each of the Transaction Company Documents constitutes as to the Company and, in the case of Commercial Paperthe Securities, as to the Trust, when executed and issued in accordance with the provisions hereof and of the Depositary Trust Agreement, will constitute, a legal, valid and binding obligation of BAFC enforceable against BAFC in accordance with its their respective terms terms, except that the enforceability thereof may be subject to the effects of any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and by to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Us Trade Funding Corp

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Corporate Power; Authorization; Enforceable Obligation. BAFC has the corporate power, authority and legal right to execute, deliver and perform the Transaction Documents and to borrow hereunder and has taken all necessary corporate action to authorize the borrowings on the terms and conditions hereof and the execution, delivery and performance of the Transaction Documents. No consent, license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any Governmental Authority is required for the execution, delivery and performance by BAFC of the Transaction Documents which has not been obtained, made, given or accomplished. This Agreement and the other Transaction Documents, including the Liquidity Loan Notes, have been executed and delivered by a duly authorized officer of BAFC, and each of the Transaction Documents constitutes and, in the case of Commercial Paper, when executed and issued in accordance with the provisions hereof and of the Depositary Agreement, will constitute, a legal, valid and binding obligation of BAFC enforceable against BAFC in accordance with its respective terms except that the enforceability thereof may be subject to the effects of any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Liquidity Agreement (Bunge LTD)

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