Power to Execute. The board of directors, board of managers, or other appropriate governing body of each Debtor has authorized the transactions contemplated by and referred to in this Security Agreement and the consummation of such transactions. Each Debtor represents and warrants that it has full corporate, partnership or limited liability company power in accordance with applicable law to execute this Security Agreement and perform any obligations described in, contemplated by or referred to in this Security Agreement and such execution and performance by it will not conflict with its charter or bylaws, or any other document or instrument to which it is a party or to which it is subject, bound or affected.
Appears in 5 contracts
Samples: Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.)
