Common use of Power; Authorization; Enforceable Obligations Clause in Contracts

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 14 contracts

Samples: Credit Agreement (Emerald Holding, Inc.), Credit Agreement (JELD-WEN Holding, Inc.), Credit Agreement (Navios South American Logistics Inc.)

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Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 5 contracts

Samples: Credit Agreement (JELD-WEN Holding, Inc.), Credit Agreement (Expo Event Holdco, Inc.), Credit Agreement (JELD-WEN Holding, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 5 contracts

Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other TransactionsAgreement.

Appears in 4 contracts

Samples: Credit Agreement (CorePoint Lodging Inc.), Guaranty and Security Agreement (CorePoint Lodging Inc.), Credit Agreement (CorePoint Lodging Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to enter into, make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other TransactionsAgreement.

Appears in 4 contracts

Samples: Lien Credit Agreement (Powerschool Holdings, Inc.), Credit Agreement (Powerschool Holdings, Inc.), Bridge Loan Credit Agreement (Powerschool Holdings, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or other organizational power and authority, and the legal right, to enter into, make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other TransactionsAgreement.

Appears in 4 contracts

Samples: Credit Agreement (CLARIVATE PLC), Credit Agreement (CLARIVATE PLC), Credit Agreement (Clarivate Analytics PLC)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or other organizational power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance its obligations under each of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the obtain extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactionshereunder.

Appears in 3 contracts

Samples: Amendment Agreement (Radiation Therapy Services Holdings, Inc.), Credit Agreement (Radiation Therapy Services Holdings, Inc.), Credit Agreement (Radiation Therapy Services Holdings, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 1 contract

Samples: Credit Agreement (JELD-WEN Holding, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 1 contract

Samples: Credit Agreement (Thermon Group Holdings, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or partnership power and authority, as the case may be, and the legal right, to makeexecute, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance each of the Loan Documents to which it is a party and, in or to which this Agreement requires it to become a party. The U.S. Borrower has the case of the Borrowers, corporate power and authority to borrow hereunder and has taken all necessary corporate action to authorize the extensions of credit borrowings on the terms and conditions of this Agreement and to authorize the other Transactions.U.S.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Lear Corp Eeds & Interiors)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other TransactionsAgreement.

Appears in 1 contract

Samples: Bridge Term Loan Credit Agreement (Agl Resources Inc)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.Loan

Appears in 1 contract

Samples: 97570842v91 Credit Agreement (Pagaya Technologies Ltd.)

Power; Authorization; Enforceable Obligations. (a. xxvii) Each Loan Party has the power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Thermon Group Holdings, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational and other action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.this

Appears in 1 contract

Samples: Interim Credit and Guarantee Agreement (Websense Inc)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or similar organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary corporate or similar organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.97

Appears in 1 contract

Samples: Credit Agreement (Rent a Center Inc De)

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Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.

Appears in 1 contract

Samples: Credit Agreement (Thermon Group Holdings, Inc.)

Power; Authorization; Enforceable Obligations. (ai) Each Loan Party has the corporate or other organizational power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance its obligations under each of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the obtain extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactionshereunder.

Appears in 1 contract

Samples: Credit Agreement (Radiation Therapy Services Holdings, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or other organizational power and authority, and the legal right, to enter into, make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan 143 Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other TransactionsAgreement.

Appears in 1 contract

Samples: Credit Agreement (CLARIVATE PLC)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the organizational power and authority, and the legal right, to makeexecute, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational and other action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.this

Appears in 1 contract

Samples: Credit Agreement (Innoviva, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or other organizational power and authority, and the legal right, to enter into, make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.Agreement. 154

Appears in 1 contract

Samples: Credit Agreement (Clarivate PLC)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents and, as applicable, the Merger Documents to which it is a party and, in the case of the Borrowers, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.credit

Appears in 1 contract

Samples: Credit Agreement (Ultra Clean Holdings Inc)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.this

Appears in 1 contract

Samples: Credit Agreement (New World Restaurant Group Inc)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrowers, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.#4848-1207-1386 94

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Janus International Group, Inc.)

Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational and other action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to authorize the extensions of credit on the terms and conditions of this Agreement and to authorize the other Transactions.this

Appears in 1 contract

Samples: Credit Agreement (Microsemi Corp)

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