Power To Carry On Business. Borrower has all requisite power and authority to own and operate its properties and to carry on its business as now conducted and as presently planned to be conducted.
Appears in 17 contracts
Samples: Loan Agreement (Global Wholehealth Partners Corp), Loan Agreement (RenovaCare, Inc.), Loan Agreement (RenovaCare, Inc.)
Power To Carry On Business. Borrower has all requisite power and authority to own and operate its his or her properties and to carry on its his or her business as now conducted and as presently planned to be conducted.
Appears in 6 contracts
Samples: Bridge Loan Agreement (Covenant Group of China Inc), Bridge Loan Agreement (Covenant Group of China Inc), Bridge Loan Agreement (Covenant Group of China Inc)
Power To Carry On Business. Borrower has all requisite power and authority to own and operate its properties and to carry on its business businesses as now conducted and as presently planned to be conducted.
Appears in 3 contracts
Samples: Loan and Security Agreement (Showboat Marina Partnership), Loan and Security Agreement (Espos Inc), Revolving Loan Agreement (Roadhouse Grill Inc)
Power To Carry On Business. The Borrower has all the requisite power and authority to own and operate its properties and to carry on its business as now conducted and as presently planned to be conductedconducted (subject to Bankruptcy Court approval with respect to transactions outside the ordinary course of business).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Gander Mountain Inc), Credit Agreement (Weiners Stores Inc)
Power To Carry On Business. Borrower has all requisite power and authority to own and operate its their respective properties and to carry on its business businesses as now conducted and as presently planned to be conducted.
Appears in 2 contracts
Samples: Loan and Security Agreement (Roadhouse Grill Inc), Loan and Security Agreement (Roadhouse Grill Inc)
Power To Carry On Business. Borrower has all requisite power and authority to own and operate its properties as a business entity and to carry on its business as now conducted and as presently planned to be conducted.
Appears in 1 contract
Samples: Bridge Loan Agreement (New Energy Technologies, Inc.)
Power To Carry On Business. The Borrower has all requisite power and authority to own and operate its properties and to carry on its business as now conducted and as presently planned to be conductedconducted in all material respects. The Borrower has all governmental approvals or authorizations necessary to carry on its business as now conducted except where the failure to have any such approval would not have a material and adverse affect on the financial condition of the Borrower or the ability of the Borrower to perform its obligations under this Agreement, the Note or the other Loan Documents.
Appears in 1 contract
Samples: Credit Agreement (Sylvan Inc)
Power To Carry On Business. The Borrower has all the requisite power and authority to own and operate its properties and to carry on its business as now conducted and as presently planned to be conductedconducted in accordance with the Plan of Reorganization.
Appears in 1 contract
Samples: Revolving Credit Agreement (Fay Leslie Companies Inc)
Power To Carry On Business. Borrower has Borrowers have all requisite power and authority to own and operate its their respective properties and to carry on its business their respective businesses as now conducted and as presently planned to be conducted.
Appears in 1 contract
Power To Carry On Business. The Borrower has all requisite corporate power and authority to own and operate its properties and to carry on its business as now conducted and as presently planned to be conducted.
Appears in 1 contract
Power To Carry On Business. Borrower has Borrowers have all requisite power and authority to own and operate its their respective properties and to carry on its business their respective businesses as now conducted and arid as presently planned to be conducted.
Appears in 1 contract
