Common use of Power, Authority, Consents Clause in Contracts

Power, Authority, Consents. (a) Borrower has the requisite corporate power to execute, deliver and to perform its obligations under the Loan Documents. (b) Borrower has the requisite corporate power to borrow hereunder and has taken all necessary corporate action to authorize the borrowing hereunder on the terms and conditions of this Agreement. (c) Borrower has taken all necessary corporate action to authorize the execution, delivery and performance of the Loan Documents. (d) No consent or approval of any Person, no waiver of any Lien or right of distraint or other similar right and no consent, license, approval, authorization or declaration of any governmental authority, bureau or agency is or will be required in connection with the execution and delivery of the Loan Documents by Borrower, or the performance by Borrower of its obligations thereunder or the validity, enforcement or priority of the Loan Documents, or any Lien created and granted thereunder, except such consents as have been obtained and copies of which have been delivered to the Bank.

Power, Authority, Consents. (a) Borrower has the requisite corporate power to execute, deliver and to perform its obligations under the Loan Documents. (b) Borrower has the requisite corporate power to borrow hereunder and has taken all necessary corporate action to authorize the borrowing hereunder on the terms and conditions of this Agreement. (c) Borrower has taken all necessary corporate action to authorize the execution, delivery and performance of the Loan Documents. (d) No consent or approval of any Person, no waiver of any Lien or right of distraint or other similar right and no consent, license, approval, authorization or declaration of any governmental authority, bureau or agency is or will be required in connection with the execution and delivery of the Loan Documents by Borrower, or the performance by Borrower of its obligations thereunder or the validity, enforcement or priority of the Loan Documents, or any Lien created and granted thereunder, except such consents as have been obtained and copies of which have been delivered to the Bank.

Power, Authority, Consents. (a) Borrower has the requisite corporate power to execute, deliver and to perform its obligations under the Loan Documents. (b) Borrower has the requisite corporate power to borrow hereunder and has taken all necessary corporate action to authorize the borrowing hereunder on the terms and conditions of this Agreement. (c) Borrower has taken all necessary corporate action to authorize the execution, delivery and performance of the Loan Documents. (d) No consent or approval of any Person, no waiver of any Lien or right of distraint or other similar right and no consent, license, approval, authorization or declaration of any governmental authority, bureau or agency is or will be required in connection with the execution and delivery of the Loan Documents by Borrower, or the performance by Borrower of its obligations thereunder or the validity, enforcement or priority of the Loan Documents, or any Lien created and granted thereunder, except such consents as have been obtained and copies of which have been delivered to the BankLenders.