Common use of Power, Authority, Consents Clause in Contracts

Power, Authority, Consents. Each Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each Borrower, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required Banks.

Appears in 4 contracts

Samples: Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/)

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Power, Authority, Consents. Each (i) The Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each , (ii) the Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each , and (iii) the Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any the Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each the Borrower, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 annexed hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required Majority Banks.

Appears in 2 contracts

Samples: Loan Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement by and Among National Consumer Cooperative Bank and Certain Banks Named Therein and Fleet National (National Consumer Cooperative Bank /Dc/)

Power, Authority, Consents. Each Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each BorrowerBorrower or any other Loan Party, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required Banks.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

Power, Authority, Consents. Each Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each Borrower, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 7.2 hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 7.2 as waived by the Required BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Health Care Reit Inc /De/)

Power, Authority, Consents. Each Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each Borrower, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required Banks.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

Power, Authority, Consents. Each Borrower and each Guarantor has the power to execute, deliver and perform the Loan Documents to be executed by it. Each Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each Borrower and each Guarantor has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any BorrowerGuarantor), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each Borrowerthe Borrowers or any other Loan Party, or the validity validity, enforcement or enforcement priority, of the Loan DocumentsDocuments or any Lien created and granted thereunder, except as set forth on Schedule 3.2 hereto3.2, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required BanksBank.

Appears in 1 contract

Samples: Loan Agreement

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Power, Authority, Consents. Each The Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each The Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each The Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any the Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each Borrowerthe Borrower or any other Loan Party, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required Banks.

Appears in 1 contract

Samples: Loan Agreement (Omega Worldwide Inc)

Power, Authority, Consents. Each Borrower of the Loan Parties has the power to execute, deliver and perform the Loan Documents to be executed by it. Each , the Borrower has the power to borrow hereunder and has taken all necessary action, action (corporate or otherwise, ) to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each Borrower Agreement and each of the Loan Parties has taken all necessary action, action (corporate or otherwise, ) to authorize the execution, delivery and performance of the Loan Documents to be executed by itDocuments. No consent or approval of any Person (including, without limitation, any stockholder of any Borrowereither of the Loan Parties), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each Borrowereither of the Loan Parties, or the validity validity, enforcement or enforcement priority, of the Loan DocumentsDocuments (or any Lien created and granted thereunder), except as set forth on Schedule 3.2 hereto, annexed to the Original Loan Agreement each of which either has been duly and validly obtained on or prior to the date hereof of the original Loan Agreement and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required BanksLender.

Appears in 1 contract

Samples: Loan Agreement (Boyle Leasing Technologies Inc)

Power, Authority, Consents. Each (i) The Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. Each , (ii) the Borrower has the power to borrow hereunder and has taken all necessary action, corporate or otherwise, action to authorize the borrowing hereunder on the terms and conditions of this Agreement. Each , and (iii) the Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any the Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authorityGovernmental Authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by each the Borrower, or the validity or enforcement of the Loan Documents, except as set forth on Schedule 3.2 annexed hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full force and effect, or is designated on Schedule 3.2 as waived by the Required Majority Banks.

Appears in 1 contract

Samples: Credit Agreement (National Consumer Cooperative Bank /Dc/)

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