Start of the Authorization of Use. In the case of delivery of the standard software based on the licensee's order, the licensee's rights shall commence upon full payment by the licensee of the invoice received.
Authorization of Agreement This Agreement has been duly authorized, executed and delivered by the Company.
Authorization and Validity This Agreement and each promissory note, contract, instrument and other document required hereby or at any time hereafter delivered to Bank in connection herewith (collectively, the "Loan Documents") have been duly authorized, and upon their execution and delivery in accordance with the provisions hereof will constitute legal, valid and binding agreements and obligations of Borrower or the party which executes the same, enforceable in accordance with their respective terms.