Common use of Necessary Action Clause in Contracts

Necessary Action. All necessary action on the part of the Borrower and its Affiliates required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 8 contracts

Samples: Credit Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC)

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Necessary Action. All necessary action on the part of the Borrower and or any of its Affiliates Subsidiaries required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 5 contracts

Samples: Bridge Loan Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC), Term Loan Credit Agreement (Cleco Corporate Holdings LLC)

Necessary Action. All necessary action on the part of the Borrower and or any of its Subsidiariesand its Affiliates required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 3 contracts

Samples: Term Loan Agreement (Cleco Power LLC), Credit Agreement (Cleco Power LLC), Assignment and Assumption (Cleco Power LLC)

Necessary Action. All necessary limited liability company action on the part of the Borrower and its Affiliates required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 3 contracts

Samples: Credit Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC), Credit Agreement (Cleco Corporate Holdings LLC)

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Necessary Action. All necessary action on the part of the Borrower and or any of its Affiliates Subsidiaries required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.. Section 3.04

Appears in 1 contract

Samples: Bridge Loan Agreement

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