Power To Carry On Business. Each of the Borrower, the Guarantor, and their respective managers 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 1 contract
Samples: Term Loan Agreement (Sonesta International Hotels Corp)
Power To Carry On Business. Each of the Borrower, the Guarantor, Borrower and their respective managers each Guarantor has all requisite power and authority to own and operate its respective 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. Each of Borrower and the Borrower, the Guarantor, and their respective managers has Corporate Guarantors have all requisite power and authority to own and operate its their respective properties and to carry on its business their businesses as now conducted and as presently planned to be conducted.
Appears in 1 contract
Samples: Loan and Security Agreement (Equalnet Holding Corp)
Power To Carry On Business. Each of Borrower and the Borrower, the Guarantor, and their respective managers has Guarantor have all requisite power and authority to own and operate its their respective properties and to carry on its business their businesses as now conducted and as presently planned to be conducted.
Appears in 1 contract
Power To Carry On Business. Each of the Borrower, the Guarantor, The Borrower and their respective managers has each Guarantor have all requisite power and authority to own and operate its respective properties and to carry on its respective business as now conducted and as presently planned to be conducted.
Appears in 1 contract
Samples: Term Loan Agreement (Chestnut Real Estate Partnership)
