Due Authorization; Power Clause Samples
Due Authorization; Power. The execution, delivery and performance by Debtor of this Security Agreement and the other Construction Loan Documents are within the powers of Debtor and have been duly authorized by all necessary action on the part of Debtor.
Due Authorization; Power. The execution, delivery, and performance of this Agreement and the other Charter Documents to which W▇▇▇▇▇▇▇, Guarantor or Gulf South is or may become a party has been duly authorized by all requisite action on the part of such Person, and its directors and, if required under the organizational or corporate governance documents of such Person, its shareholders. Each of W▇▇▇▇▇▇▇, Guarantor and Gulf South has the corporate power and authority to execute, deliver, and perform its obligations under this Agreement and the other Charter Documents to which it is or may become a party.