Common use of Creation and Authority Clause in Contracts

Creation and Authority. The Borrower is a public body corporate and politic duly created and validly existing under the laws of the State of Georgia and has all requisite power and authority to execute and deliver the Credit Documents and to perform its obligations thereunder.

Creation and Authority. The Borrower is a public body corporate and politic duly created and validly existing under the laws of the State of Georgia and has all requisite power and authority to execute and deliver the Credit Documents Documents, the Purchase Agreement, the Lease Agreement, and the Credit Agreement (collectively the "Borrower Contracts") and to perform its obligations thereunder.