Common use of Power and Authorization Clause in Contracts

Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver, and perform under all Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute and perform under the Loan Documents; and all other corporate and shareholder action on Borrower's part required for the due execution, delivery, and performance of the Loan Documents has been duly and effectively taken.

Appears in 2 contracts

Samples: Credit Agreement (Service Experts Inc), Credit Agreement (Service Experts Inc)

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Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver, and perform its obligations under each Loan Document and all Loan Documents; corporate or other action on the board of directors part of the Borrower has authorized the Borrower to execute and perform under the Loan Documents; and all other corporate and shareholder action on Borrower's part required requisite for the due execution, delivery, and performance of the each Loan Documents Document has been duly and effectively taken.

Appears in 2 contracts

Samples: Loan Agreement (Pulse Biosciences, Inc.), Loan Agreement (Pulse Biosciences, Inc.)

Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver, and perform under all Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute and perform its obligations under the Loan Documents; , and all corporate or other corporate and shareholder action on the Borrower's part required requisite for the due execution, delivery, and performance of each Loan Document has been duly and effectively taken. The Borrower is duly authorized and empowered to borrow under this Agreement and the Loan Documents Notes and all corporate action on the Borrower's part requisite for borrowing by the Borrower hereunder has been duly and effectively taken.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rowan Companies Inc)

Power and Authorization. The Borrower and each of its Subsidiaries, as applicable, is duly authorized and empowered to execute, deliver, and perform its obligations under all each Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute and perform under the Loan Documents; Document and all corporate or other corporate and shareholder action on Borrower's ’s or its Subsidiaries’ as applicable, part required requisite for the due execution, delivery, and performance of the each Loan Documents Document has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Body & Mind Inc.)

Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver, and perform its obligations under all each Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute and perform under the Loan Documents; Document and all corporate or other corporate and shareholder action on the Borrower's part required requisite for the due execution, delivery, and performance of the each Loan Documents Document has been duly and effectively taken.

Appears in 1 contract

Samples: Loan and Security Agreement (BNS Holding, Inc.)

Power and Authorization. The Each Borrower is duly authorized has power and empowered authority to execute, deliver, perform, and perform under take all actions contemplated by, each Loan Documents; the board of directors of the Borrower has authorized the Borrower Document to execute and perform under the Loan Documents; which it is a party, and all other corporate and shareholder such action on Borrower's part required for the due execution, delivery, and performance of the Loan Documents has been duly and effectively takenvalidly authorized by all necessary corporate or partnership proceedings on its part. Without limitation of the foregoing, each Borrower has the 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 or partnership action to authorize such borrowings.

Appears in 1 contract

Samples: Pledge Agreement (Genesis Health Ventures Inc /Pa)

Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver, and perform under all Loan Documents; the Borrower and General Partner's board of directors of have authorized Borrower and the Borrower has authorized the Borrower General Partner to execute and perform under the Loan Documents; and all other partnership, corporate and and/or shareholder action on Borrower's part required for the due execution, delivery, and performance of the Loan Documents has been duly and effectively taken.

Appears in 1 contract

Samples: Credit Agreement (National Health Realty Inc)

Power and Authorization. The Borrower is duly authorized and empowered to ----------------------- create and issue the Notes; and Borrower and Guarantors are duly authorized and empowered to execute, deliver, deliver and perform under all this Agreement and the other Loan Documents; the board of directors of the Borrower has authorized the Borrower Documents to execute and perform under the Loan Documentswhich each is a party; and all other corporate and shareholder action on Borrower's and Guarantors' part required requisite for the due creation and issuance of the Notes and for the due execution, delivery, delivery and performance of the other Loan Documents Documents, including this Agreement, has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Diagnostic Health Services Inc /De/)

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Power and Authorization. The Borrower Each of the Borrowers is duly authorized and empowered to execute, deliver, and perform under all Loan Documents; the respective board of directors of the Borrower Borrowers has authorized the Borrower Borrowers to execute and perform under the Loan Documents; and all other corporate and shareholder action on Borrower's Borrowers' part required for the due execution, delivery, and performance of the Loan Documents has been duly and effectively taken.

Appears in 1 contract

Samples: Credit Agreement (Central Parking Corp)

Power and Authorization. The Each Borrower is duly authorized and empowered to execute, deliver, deliver and perform under all Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute and perform under the Loan Documents; and all other corporate and shareholder Documents to which it is a party. All action on Borrower's the part required of each Borrower requisite for the due execution, delivery, creation and performance execution of the its Loan Documents has been duly and effectively taken.

Appears in 1 contract

Samples: Credit Agreement (Hornbeck Offshore Services Inc /La)

Power and Authorization. The Borrower is duly authorized has the requisite power and empowered authority to execute, deliver, and perform under all Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute and perform under the Loan Documents; and all other corporate and shareholder action on Borrower's part required for the due execution, deliveryperform, and performance of take all actions contemplated by, the Loan Documents has and Other Transaction Documents and all such actions have been duly and effectively takenvalidly authorized by all necessary proceedings on its part. Without limitation of the foregoing, Borrower has the requisite 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 action to authorize such borrowings.

Appears in 1 contract

Samples: Credit Agreement (H&r Block Inc)

Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver, and perform under all Loan Documents; the board of directors of the Borrower has authorized the Borrower to execute , in accordance with its charter and perform under the Loan Documents; and all other corporate and shareholder action on Borrower's part required for the due execution, delivery, and performance of the Loan Documents has been duly and effectively takenby-laws.

Appears in 1 contract

Samples: Loan Agreement (Healthstream Inc)

Power and Authorization. The Borrower is duly authorized has all requisite power and empowered authority to execute, deliver, perform, and perform under take all actions contemplated by, each Loan Documents; the board of directors of the Borrower has authorized the Borrower Document to execute and perform under the Loan Documents; which it is a party, and all other corporate and shareholder such action on Borrower's part required for the due execution, delivery, and performance of the Loan Documents has been duly and effectively takenvalidly authorized by all necessary proceedings on its part. Without limitation of the foregoing, the Borrower has the 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 action to authorize such borrowings.

Appears in 1 contract

Samples: Credit Agreement (Oakhurst Co Inc)

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