Power and Authority definition

Power and Authority each such Group Member has authority, and has completed all proceedings and obtained all approvals and consents necessary, to execute, deliver and perform the Finance Documents to which it is a party, and the transactions contemplated thereby;
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Power and Authority. The Operator has the requisite corporate power and authority to enter into this Agreement and to perform according to the terms hereof.
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Power and Authority. Owner has the requisite power and authority to enter into this Agreement and to perform according to the terms hereof, subject to approval by the Bankruptcy Court for the District of New Jersey
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Examples of Power and Authority in a sentence

  • Power and Authority; Compliance With Laws; Title to Properties; Event of Default.

  • IV.1 Management; Delegation of Power and Authority to the Organizer and the Advisor.

  • Organization and Business; Power and Authority; Effect of Transaction.................................................

  • You have full Power and Authority to enter into this Agreement and any resulting Transactions and to perform the obligations under it.

  • Parent and Purchaser hereby represent and warrant to Stockholder that: (a) Power and Authority; Execution and Delivery.

  • Section 5.1. Power and Authority of the Manager 16 Section 5.2. Term and Removal of the Manager 21 Section 5.3. Determinations by the Manager 22 Section 5.4. Exculpation, Indemnification, Advances and Insurance 22 Section 5.5. Duties of the Manager and its Officers and Directors 25 Section 5.6. Outside Activities 26 Section 5.7. Reliance by Third Parties 26 Section 5.8. Certain Conflicts of Interest 27 Section 5.9. Fees Payable to the Manager or its Affiliates 27 Section 5.10.

  • If you are a Company or an Incorporated Entity, you warrant that the Company or Incorporated Entity is formed legally and has the Power and Authority to use the System and deal with the Company and the Person(s) executing this Agreement has the Power and Authority to execute this Agreement.

  • Power and Authority of the Manager 12 Section 5.2. Term and Removal of the Manager 16 Section 5.3. Determinations by the Manager 16 Section 5.4. Exculpation, Indemnification, Advances and Insurance 17 Section 5.5. Duties of the Manager and its Officers and Directors 19 Section 5.6. Outside Activities 19 Section 5.7. Reliance by Third Parties 19 Section 5.8. Certain Conflicts of Interest 20 Section 5.9. Fees Payable to the Manager or its Affiliates 20 Section 5.10.

  • REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Power and Authority 8 Section 5.2. Authorization, Etc.

  • The foregoing limitation shall not apply to recovery for breaches of the Representations and Warranties of Organization, Existence, Good Standing, Power and Authority, Enforceability, and Employee Benefit Plans.


More Definitions of Power and Authority

Power and Authority. The Company has all requisite corporate power and corporate authority to enter into, execute, deliver and perform its obligations under this Agreement and each of the Company Ancillary Agreements and to consummate the Merger. The Merger and the execution, delivery and performance by the Company of this Agreement, each of the Company Ancillary Agreements and all other Contracts, transactions and actions contemplated hereby or thereby, have been duly and validly approved and authorized by the Company’s Board of Directors and, upon receipt of the Stockholder Approval (as defined in Section 3.3(d) below), will be duly and validly approved by the Company Stockholders.
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Power and Authority. Obligors: Each of the Obligors has the power, and ----------------------------- has taken all necessary action (including, without limitation, any consent of shareholders required by law or by its constitutional documents) to authorise it to execute, deliver and perform the terms and provisions of and to incur its obligations under this Agreement and the other Loan Documents to which it is a party and to borrow hereunder or otherwise utilise the Facilities. This Agreement and each of the other Loan Documents to which it is a party has been or, when executed, will be duly authorised, executed and delivered by each Obligor and constitutes the legal, valid and binding obligation of that Obligor enforceable in accordance with its terms (except in so far as enforceability may be limited by insolvency or similar laws of general application affecting creditors' rights and by general principles of equity).
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Related to Power and Authority

  • second authority means the authority to which a mover is liable to make payments for the new dwelling;

  • Lead Authority means the local authority appointed by the Parties under this agreement to lead on a particular function in accordance with Clause 12.

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • designated authority means any of the following;

  • prescribed authority means the authorities specified in rule 12;