Common use of Authority and Execution Clause in Contracts

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust action and are in full compliance with its Organizational Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 4 contracts

Samples: Credit Agreement (Voya SENIOR INCOME FUND), Credit Agreement (Voya SENIOR INCOME FUND), Security Agreement (Voya SENIOR INCOME FUND)

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Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyCredit Documents, all of which have been duly authorized by all proper and necessary statutory trust action corporate action, and are the Borrower is in full compliance with its Organizational Organization Documents. The Borrower has duly executed and delivered the Loan Credit Documents to which it is a party.

Appears in 4 contracts

Samples: Credit Agreement (Aberdeen Income Credit Strategies Fund), Credit Agreement (Aberdeen Asia-Pacific Income Fund Inc), Credit Agreement (Abrdn Income Credit Strategies Fund)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust limited liability company, corporate or other applicable action and are is in full compliance with its Organizational Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 3 contracts

Samples: Credit Agreement (Lincoln Educational Services Corp), Credit Agreement (Lincoln Educational Services Corp), Credit Agreement (Lincoln Educational Services Corp)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which (a) have been duly authorized by all proper and necessary statutory trust action action, and are in full compliance (b) do not conflict with its Organizational the Borrower’s Organization Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 3 contracts

Samples: Credit Agreement (Blackstone / GSO Long-Short Credit Income Fund), Credit Agreement (Blackstone / GSO Strategic Credit Fund), Credit Agreement (Blackstone / GSO Long-Short Credit Income Fund)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyDocuments, all of which have been duly authorized by all proper and necessary statutory trust action action, and are the Borrower is in full compliance with its Organizational Organization Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 3 contracts

Samples: Credit Agreement (Aberdeen Global Income Fund Inc), Credit Agreement (Highland Floating Rate Advantage Fund), Credit Agreement (Avenue Income Credit Strategies Fund)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust action action, and are the Borrower is in full compliance with its Organizational Organization Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 3 contracts

Samples: Control Agreement (Tortoise Energy Independence Fund, Inc.), Credit Agreement (Tortoise Energy Independence Fund, Inc.), Control Agreement (Tortoise Power & Energy Infrastructure Fund Inc)

Authority and Execution. The Such Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyCredit Documents, both individually and for the account of each Related Fund, all of which have been duly authorized by all proper and necessary statutory trust action action, as the case may be, and are is in full compliance with its Organizational Organization Documents. The Such Borrower has duly executed and delivered the Loan Credit Documents to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Highland Floating Rate Fund), Credit Agreement (Highland Funds I)

Authority and Execution. The Borrower and each of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each of its Subsidiaries has duly executed and delivered the Loan Documents to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Meta Group Inc), Credit Agreement (Meta Group Inc)

Authority and Execution. The Borrower (a) Each of the Borrowers has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust corporate or other applicable action and are in full compliance with its Organizational Documents. The Borrower Each of the Borrowers has duly executed and delivered the Loan Documents to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (HF Foods Group Inc.), Credit Agreement (HF Foods Group Inc.)

Authority and Execution. The Such Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyDocuments, all of which have been duly authorized by all proper and necessary statutory corporate or trust action action, as the case may be, and are in full compliance with its Organizational Documentssuch Borrower's limited liability company agreement or Declaration of Trust, as the case may be, and By-Laws. The Such Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Highland Floating Rate LTD Liability Co)

Authority and Execution. The Such Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust action action, and are the Related Company thereof is in full compliance with its Organizational Organization Documents. The Such Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Baillie Gifford Funds)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyparty and to cause the Preferred Shares Redemption, all of which (a) have been duly authorized by all proper and necessary statutory trust action action, and are in full compliance (b) do not conflict with its Organizational the Borrower’s Organization Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Blackstone / GSO Senior Floating Rate Term Fund)

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Authority and Execution. The Such Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust action action, and are such Borrower is in full compliance with its Organizational Organization Documents. The Such Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (DBX ETF Trust)

Authority and Execution. The Borrower and each of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents and the Acquisition Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each of its Subsidiaries has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Meta Group Inc)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust corporate or other applicable action and are in full compliance with its Organizational Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Anchor Funding Services, Inc.)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyDocuments, all of which have been duly authorized by all proper and necessary statutory trust corporate action and are in full compliance with its Organizational Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a partyDocuments.

Appears in 1 contract

Samples: Credit Agreement (Meta Group Inc)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, all of which have been duly authorized by all proper and necessary statutory trust action action, and are in full compliance does not conflict with its Organizational the Borrower’s Organization Documents. The Borrower has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (THL Credit Senior Loan Fund)

Authority and Execution. The Each of the Borrower and each of its Subsidiaries has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a party, party all of which have been duly authorized by all proper and necessary statutory trust corporate, partnership or other applicable action and are in full compliance with its Organizational Documents. The Borrower and each of its Subsidiaries has duly executed and delivered the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Helicon Capital Corp)

Authority and Execution. The Borrower has full legal power and authority to enter into, execute, deliver and perform the terms of the Loan Documents to which it is a partyCredit Documents, all of which have been duly authorized by all proper and necessary statutory trust action action, and are the Borrower is in full compliance with its Organizational Organization Documents. The Borrower has duly executed and delivered the Loan Credit Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Highland Credit Strategies Fund)

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