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 Finance Documents and each of the Underlying Documents to which is or is to be a party and for the Borrower to borrow the Commitment and each of the Security Parties has power to execute and deliver and perform its/his obligations under the Finance Documents to which 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 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 has power to execute, deliver and perform its obligations under the Finance Documents and each of the Underlying Documents to which it is or is to be a party and for the Borrower to borrow the Commitment and to make all the payments contemplated by, and to comply with, those Finance Documents to which that Security Party is a party and each of the corporate Security Parties has power to execute and deliver and perform its/his its obligations under the Finance Documents to which it/he 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 Borrowers has power to execute, deliver and perform its obligations under the Finance Documents and each of the Underlying Documents to which is or is to be a party and for the Borrower to borrow the Commitment and each of the other Security Parties has power to execute and deliver and perform its/his obligations under the Finance Documents to which 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 each of the Borrower and the other corporate Security Parties has power to execute, deliver and perform its obligations under the Finance Documents and each of the Underlying Documents to which it is or is to be a party and for and, in the case of the Borrower to borrow the Commitment Commitment, and to make all the payments contemplated by, and to comply with, those Finance Documents to which that Security Party is a party and each of the corporate Security Parties has power to execute and deliver and perform its/his its obligations under the Finance Documents to which it/he 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;