Common use of Transactions Legal and Authorized Clause in Contracts

Transactions Legal and Authorized. The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Articles of Organization/Incorporation or Operating Agreement/By-Laws, as applicable, or of the terms of any indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (LINC Logistics Co)

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Transactions Legal and Authorized. The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Borrower’s Articles of Organization/Incorporation or Operating Agreement/By-Laws, as applicable, or of the terms of any contract, indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 2 contracts

Samples: Loan and Security Agreement (Boxlight Corp), Loan and Security Agreement (Boxlight Corp)

Transactions Legal and Authorized. The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of the Borrower, and the . The execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Borrower's Articles of Organization/Incorporation or Operating Agreement/By-Laws, as applicable, laws or of the terms of any contract, indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 1 contract

Samples: Loan and Security Agreement (Somanetics Corp)

Transactions Legal and Authorized. The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate company action of the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Articles of Organization/Incorporation or Operating Agreement/By-Laws, as applicable, and Bylaws or of the terms of any indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 1 contract

Samples: Loan and Financing Agreement (Universal Truckload Services, Inc.)

Transactions Legal and Authorized. The executionExecution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Borrower's Articles of Organization/Incorporation or Operating Agreement/By-Laws, as applicable, or of the terms of any contract, indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 1 contract

Samples: Loan and Security Agreement (Inmold Inc)

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Transactions Legal and Authorized. The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Borrower's Articles of Organization/Incorporation or Operating Agreement/Byby-Laws, as applicable, laws or of the terms of any contract, indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 1 contract

Samples: Loan Agreement (Big Buck Brewery & Steakhouse Inc)

Transactions Legal and Authorized. The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Borrower's Articles of Organization/Incorporation or Operating Agreement/By-Laws, as applicable, or of the terms of any contract, indenture, agreement or undertaking to which Borrower is a party or by which it is bound.

Appears in 1 contract

Samples: Loan Agreement (Big Buck Brewery & Steakhouse Inc)

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