Common use of Due Corporate Authority Clause in Contracts

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate Security Parties has power to execute and deliver and perform its obligations under the Security Documents to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise authorize the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties Borrowers has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents Documents, to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower Borrowers (or either of them) to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents to which it is or is to be a party; all necessary corporate, shareholder (if required) and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Finance Documents 30 (J18-185622/C) to which it is a party and to borrow the Commitment and each of the corporate Security Parties has power to execute and deliver and perform its obligations under the Security Finance Documents to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each Each of the Borrower and the other corporate Security Parties Borrowers has power to execute, deliver and perform its obligations under the Security Documents to which it is or is to be a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its its/his obligations under the Security Documents to which it it/he is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower Borrowers (or any of them) to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment Facility and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents Documents, to which it is or is to be a party; all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower to borrow will be exceeded as a result of borrowing the Loan;

Due Corporate Authority. each Borrower and each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Security Documents to which it is a party and to borrow the Commitment and each of the corporate other Security Parties has power to execute and deliver and perform its obligations under the Security Documents to which it is or is to be a party; all necessary corporate, shareholder (if required) and other action has been taken to authorise the execution, delivery and performance of the same and no limitation on the powers of the Borrower Borrowers to borrow will be exceeded as a result of borrowing the Loan;