Common use of Execution of Credit Documents; Borrowing Base Certificate Clause in Contracts

Execution of Credit Documents; Borrowing Base Certificate. The Borrowers hereby empower and authorize the Borrower Representative, on behalf of the Borrowers, to execute and deliver to the Administrative Agent, the Collateral Agent and the Lenders the Credit Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the Credit Documents, including without limitation, the Borrowing Base Certificates and the Compliance Certificates. Each Borrower agrees that any action taken by the Borrower Representative or the Borrowers in accordance with the terms of this Agreement or the other Credit Documents, and the exercise by the Borrower Representative of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrowers.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Douglas Dynamics, Inc), Credit and Guaranty Agreement (Douglas Dynamics, Inc), Credit and Guaranty Agreement (Douglas Dynamics, Inc)

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Execution of Credit Documents; Borrowing Base Certificate. The Borrowers Credit Parties hereby empower and authorize authorise the Borrower RepresentativeAdministrative Borrower, on behalf of the BorrowersCredit Parties, to execute and deliver to the Administrative Agent, the Collateral Agent and the Lenders the Credit Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the Credit Documents, including including, without limitation, the Borrowing Base Certificates Certificate and the Compliance Certificatesany compliance certificates. Each Borrower Credit Party agrees that any action taken by the Administrative Borrower Representative or the Borrowers Credit Parties in accordance with the terms of this Agreement or the other Credit Documents, and the exercise by the Administrative Borrower Representative of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the BorrowersCredit Parties.

Appears in 2 contracts

Samples: Abl Credit Agreement (Univar Inc.), Abl Credit Agreement (Univar Inc.)

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