Valid Authorization and Execution Sample Clauses
The Valid Authorization and Execution clause ensures that all parties entering into the agreement have the legal authority and capacity to do so, and that the agreement is properly executed according to applicable laws. In practice, this means each party confirms that its representatives are duly empowered to sign the contract and that all necessary internal approvals or consents have been obtained. This clause helps prevent disputes over the enforceability of the contract by confirming that the agreement is binding and that no party can later claim it was not properly authorized to enter into the arrangement.
Valid Authorization and Execution. The Borrower and each of its Material Subsidiaries has taken all necessary corporate, partnership and other action (as applicable) of its directors, shareholders, partners, trustees and other persons (as applicable) to authorize the execution, delivery and performance of the Documents to which it is a party and to observe and perform the provisions thereof in accordance with the terms therein contained.
Valid Authorization and Execution. The Canadian Borrower and each of its Subsidiaries has taken all necessary corporate, partnership and other action (as applicable) of its directors, shareholders, partners, trustees and other Persons (as applicable) to authorize the execution, delivery and performance of the Documents to which it is a party and to observe and perform the provisions thereof in accordance with the terms therein contained.
Valid Authorization and Execution. Canadian Borrower has taken all necessary partnership action to authorize the execution, delivery and performance of this Agreement.
Valid Authorization and Execution. Each Borrower has taken all necessary corporate action of its directors and shareholders to authorize the execution, delivery and performance of this Agreement and to observe and perform the provisions thereof in accordance with the terms therein contained.
Valid Authorization and Execution. Each Company and each other Loan Party has taken all necessary corporate, partnership and other action (as applicable) of its directors, shareholders, partners, trustees and other Persons (as applicable) to authorize the execution, delivery and performance of the Transaction Documents to which it is a party and to observe and perform the provisions thereof in accordance with the terms therein contained.
Valid Authorization and Execution. Baytex Trust and each Subsidiary thereof has taken all necessary corporate, partnership and other action (as applicable) of its directors, shareholders, partners, trustees and other persons (as applicable) to authorize the execution, delivery and performance of the Documents to which it is a party and to observe and perform the provisions thereof in accordance with the terms therein contained.
Valid Authorization and Execution. The Parent and each Subsidiary thereof has taken all necessary corporate, partnership and other action (as applicable) of its directors, shareholders, partners, trustees and other persons (as applicable) to authorize the execution, delivery and performance of the Documents to which it is a party and to observe and perform the provisions thereof in accordance with the terms therein contained.