Power and Authority to Contract Sample Clauses

Power and Authority to Contract. The CSO has the power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. Such execution and delivery by the CSO and the consummation of such transactions on the part of the CSO have been duly authorized by all necessary corporate action and no other corporate proceedings on the part of the CSO are necessary to authorize the execution and delivery of this Agreement by the CSO or the consummation by the CSO of the transactions contemplated hereby. Moreover, execution and delivery of this Agreement and consummation of the transactions contemplated hereby do not and will not result in any breach or default, or require consent, under any decree, mortgage, agreement, indenture or other instrument binding upon the CSO.
Sample 1
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Power and Authority to Contract. The Company has the power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. Such execution and delivery by the Company and the consummation of such transactions on the part of the Company have been duly authorized by all necessary corporate action and no other corporate proceedings on the part of the Company are necessary to authorize the execution and delivery of this Agreement by the Company or the consummation by the Company of the transactions contemplated hereby. Moreover, execution and delivery of this Agreement and consummation of the transactions contemplated hereby do not and will not result in any breach or default, or require consent, under any decree, mortgage, agreement, indenture or other instrument binding upon the Company.
Sample 1
Power and Authority to Contract. The Parent has the power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. Such execution and delivery by the Parent and the consummation of such transactions on the part of the Parent have been duly authorized by all necessary corporate action and no other corporate proceedings on the part of the Parent are necessary to authorize the execution and delivery of this Agreement by the Parent or the consummation by the Parent of the transactions contemplated hereby. Moreover, execution and delivery of this Agreement and consummation of the transactions contemplated hereby do not and will not result in any breach or default, or require consent, under any decree, mortgage, agreement, indenture or other instrument binding upon the Parent.
Sample 1

Related to Power and Authority to Contract

  • Power and Authority The Servicer has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement have been duly authorized by the Servicer by all necessary corporate action.

  • Organization; Power and Authority The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof and thereof.

  • Legal Power and Authority It has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. It is an entity duly organized, validly existing and in good standing under the laws its jurisdiction of organization.

  • Full Power and Authority Buyer represents that it has full power and authority to enter into this Agreement.

  • Existence, Power and Authority If not a natural person, the Borrower is duly organized, validly existing and in good standing under the laws of the State of its incorporation or organization and has the power and authority to own and operate its assets and to conduct its business as now or proposed to be carried on, and is duly qualified, licensed and in good standing to do business in all jurisdictions where its ownership of property or the nature of its business requires such qualification or licensing. The Borrower is duly authorized to execute and deliver the Loan Documents, all necessary action to authorize the execution and delivery of the Loan Documents has been properly taken, and the Borrower is and will continue to be duly authorized to borrow under this Agreement and to perform all of the other terms and provisions of the Loan Documents.

  • Corporate Power and Authority The Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "Amended Agreement").

  • Power and Authorization The Company is duly incorporated, validly existing and in good standing under the laws of its state of incorporation, and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Exchange contemplated hereby.

  • Requisite Power and Authority Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

  • Corporate Power and Authorization The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

  • Due Incorporation; Power and Authority The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of Delaware with full corporate power and authority to own or lease, as the case may be, and to operate its properties and conduct its business as described in the Statutory Prospectus and the Prospectus.

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