Common use of Validity of Security Agreement; Corporate Authority Clause in Contracts

Validity of Security Agreement; Corporate Authority. This Security Agreement is the valid and binding obligation of the Debtor, enforceable in accordance with its terms. The Debtor has the corporate power to execute, deliver and carry out the terms and provisions of this Security Agreement and all related documents, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Security Agreement and all related documents.

Appears in 8 contracts

Samples: Security Agreement (U. S. Premium Beef, LLC), Real Estate Mortgage (Green Plains Renewable Energy, Inc.), Security Agreement (Dakota Growers Pasta Co Inc)

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Validity of Security Agreement; Corporate Authority. This Security Agreement is the valid and binding obligation of the Debtor, enforceable in accordance with its terms. The Debtor has the corporate power to execute, deliver and carry out the terms and provisions of this Security Agreement and all related documents, and has taken all necessary corporate action to authorize the execution,, delivery and performance of or this Security Agreement and all related documents.

Appears in 1 contract

Samples: Security Agreement (South Dakota Soybean Processors LLC)

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