Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a party; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 9 contracts
Samples: Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Aames Investment Corp)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 5 contracts
Samples: Master Loan and Security Agreement (Southern Pacific Funding Corp), Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Southern Pacific Funding Corp)
Action. The Each Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a party; the execution, delivery and performance by the each Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower Borrowers and constitutes a legal, valid and binding obligation of the BorrowerBorrowers, enforceable against the Borrower Borrowers in accordance with its terms.
Appears in 5 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
Action. The Each Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a party; the execution, delivery and performance by the such Borrower of each of the Loan Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the such Borrower and constitutes a legal, valid and binding obligation of such the Borrower, enforceable against the such Borrower in accordance with its terms.
Appears in 5 contracts
Samples: Loan and Security Agreement (Aames Investment Corp), Loan and Security Agreement (Aames Financial Corp/De), Loan and Security Agreement (Aames Financial Corp/De)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 4 contracts
Samples: Master Loan and Security Agreement (American Strategic Income Portfolio Inc Iii), Master Loan and Security Agreement (American Strategic Income Portfolio Inc Ii), Master Loan and Security Agreement (American Select Portfolio Inc)
Action. The Each Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (American Home Mortgage Holdings Inc), Master Loan and Security Agreement (American Home Mortgage Holdings Inc), Master Loan and Security Agreement (American Home Mortgage Investment Corp)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyCredit Documents; the execution, delivery and performance by the Borrower of each of the Loan Credit Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its their part; and each Loan Document has been the Credit Documents have been, or when executed and delivered shall be, duly and validly executed and delivered by the Borrower and constitutes a its legal, valid and binding obligation of the Borrowerobligation, enforceable against the Borrower in accordance with its terms.
Appears in 3 contracts
Samples: Pre Export Finance Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.)
Action. The Each Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the each Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the each Borrower and constitutes a legal, valid and binding obligation of the such Borrower, enforceable against the such Borrower in accordance with its terms.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (Aames Investment Corp), Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Aames Financial Corp/De)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a party; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document to which it is a party has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 2 contracts
Samples: Loan Agreement (Capital Trust Inc), Master Loan and Security Agreement (Capital Trust Inc)
Action. The Borrower has all necessary corporate or other ------ power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (Franchise Mortgage Acceptance Co), Master Loan and Security Agreement (Life Financial Corp)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a party; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Security Agreement (New Century Financial Corp)
Action. The Each Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments, as applicable; the execution, delivery and performance by the such Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower such Borrower, as applicable, and constitutes a legal, valid and binding obligation of the Borrower, such Borrower enforceable against the such Borrower in accordance with its terms.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (Sutherland Asset Management Corp), Master Loan and Security Agreement (Sutherland Asset Management Corp)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (Capital Trust), Loan Agreement (Capital Trust)
Action. The Borrower has all necessary corporate or other ------ power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a party; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.and
Appears in 1 contract
Action. The Borrower has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has been duly authorized by all necessary corporate or other action on its partthe part of the Borrower; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Doral Financial Corp)
Action. The Borrower has all necessary corporate or other power, ------ authority and legal right to execute, deliver and perform its obligations under each of the Loan Documents to which it is a partyDocuments; the execution, delivery and performance by the Borrower of each of the Loan Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Loan Document has been duly and validly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.
Appears in 1 contract
Samples: Novastar Financial Inc
