Common use of Formation; Authority Clause in Contracts

Formation; Authority. If Borrower is anything other than a natural person, it has complied with all laws and regulations concerning its organization, existence and the transaction of its business, and is in good standing in each state in which it conducts its business. Borrower is authorized to execute, deliver and perform its obligations under each of the Loan Documents.

Appears in 4 contracts

Samples: Standing Loan Agreement (Super Micro Computer, Inc.), Standing Loan Agreement and Swap (Point 360), Loan Agreement (Oakley Inc)

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Formation; Authority. If Borrower is anything other than a natural personperson (but not a trustee), it has complied with all laws and regulations concerning its organization, existence and the transaction of its business, and is in good standing in each state in which it conducts its business. Borrower is authorized to execute, deliver and perform its obligations under each of the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Barnwell Industries Inc), Loan Agreement (Barnwell Industries Inc)

Formation; Authority. If the Borrower is anything other than a natural person, it has complied with all laws and regulations concerning its organization, existence and the transaction of its business, and is in good standing in each state in which it conducts its business. The Borrower is authorized to execute, deliver and perform its obligations under each of the Loan Documentsthis Agreement and any documents or agreements required hereunder.

Appears in 1 contract

Samples: Loan Agreement (KVH Industries Inc \De\)

Formation; Authority. If Borrower is anything other than a natural person, it has complied with all laws and regulations concerning its organization, existence and the transaction of its business, and is in good standing in each state in which it conducts its business. Borrower is authorized to execute, deliver and perform its obligations under each of the Loan Documents.either

Appears in 1 contract

Samples: Loan Agreement

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Formation; Authority. If Borrower is anything other than a natural person, -------------------- it has complied with all laws and regulations concerning its organization, existence and the transaction of its business, and is in good standing in each state in which it conducts its business. Borrower is authorized to execute, deliver and perform its obligations under each of the Loan Documents.

Appears in 1 contract

Samples: E Tek Dynamics Inc

Formation; Authority. If Borrower is anything other than a natural person, it has complied with all laws and regulations concerning its organization, existence and the transaction of its business, and is in good standing or existence in each state in which it conducts its business. Borrower is authorized to execute, deliver and perform its obligations under each of the Loan Documents.

Appears in 1 contract

Samples: Standing Loan Agreement (Historic Preservation Properties 1989 Limited Partnership)

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