Common use of Power and Authority; Authorization Clause in Contracts

Power and Authority; Authorization. Each Domestic Borrower Party has the corporate power and authority to execute, deliver and perform the terms and provisions of each Subject Document to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance thereof.

Power and Authority; Authorization. Each Domestic Borrower Party has the corporate power and authority to execute, execute and deliver the Credit Agreement and to perform the terms and provisions of each Subject Document to which it is a party its obligations thereunder and has taken all necessary corporate action to authorize the execution, delivery and performance thereof.