Common use of Authorization and Enforcement Clause in Contracts

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreement. It has duly executed and delivered this Agreement. This Agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to the qualifications contained in the opinion of the Borrower’s counsel delivered pursuant to Section 5(c).

Appears in 4 contracts

Samples: First Amending Agreement (Potash Corp of Saskatchewan Inc), First Amending Agreement (Potash Corp of Saskatchewan Inc), First Amending Agreement (Potash Corp of Saskatchewan Inc)

AutoNDA by SimpleDocs

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreementagreement. It The Borrower has duly executed and delivered this Agreementagreement. This Agreement agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to the qualifications of the nature contained in the opinion of the Borrower’s 's counsel delivered pursuant to Section 5(c)12.02(d)(vii) of the Credit Agreement.

Appears in 4 contracts

Samples: First Amending Agreement (Potash Corporation of Saskatchewan Inc), Fourth Amending Agreement (Potash Corporation of Saskatchewan Inc), Fifth Amending Agreement (Potash Corporation of Saskatchewan Inc)

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreement. It The Borrower has duly executed and delivered this Agreement. This Agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to the qualifications contained in the opinion of the Borrower’s counsel delivered pursuant to Section 5(c3.2(d)(i).

Appears in 3 contracts

Samples: Credit Agreement (Potash Corp of Saskatchewan Inc), Credit Agreement (Potash Corp of Saskatchewan Inc), Credit Agreement (Potash Corp of Saskatchewan Inc)

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreement. It has duly executed and delivered this Agreement. This Agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to applicable bankruptcy, reorganization, winding-up, insolvency, moratorium or other laws of general application affecting the qualifications contained in enforcement of creditors’ rights generally and to the opinion equitable and statutory powers of the Borrower’s counsel delivered pursuant to Section 5(c)courts having jurisdiction with respect thereto.

Appears in 3 contracts

Samples: Third Amending Agreement (Potash Corp of Saskatchewan Inc), Fourth Amending Agreement (Potash Corp of Saskatchewan Inc), Extension Agreement (Potash Corp of Saskatchewan Inc)

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreementagreement. It The Borrower has duly executed and delivered this Agreementagreement. This Agreement agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to the qualifications contained in the opinion of the Borrower’s 's counsel delivered pursuant to Section 5(c12.02(d)(vii).

Appears in 2 contracts

Samples: Term Credit Agreement (Potash Corp of Saskatchewan Inc), Term Credit Agreement (Potash Corporation of Saskatchewan Inc)

AutoNDA by SimpleDocs

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreementagreement. It The Borrower has duly executed and delivered this Agreementagreement. This Agreement agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to the qualifications of the nature contained in the opinion of the Borrower’s 's counsel delivered pursuant to Section 5(c12.02(d)(vii) of the Credit Agreement. (c).

Appears in 1 contract

Samples: Amending Agreement (Potash Corporation of Saskatchewan Inc)

Authorization and Enforcement. All necessary action, corporate or otherwise, has been taken to authorize the execution, delivery and performance by the Borrower of this Agreement. It The Borrower has duly executed and delivered this Agreement. This Agreement is a legal, valid and binding obligation of the Borrower enforceable against the Borrower by the Agent and the Lenders in accordance with its terms, subject to the qualifications contained in the opinion of the Borrower’s counsel delivered pursuant to Section 5(c3.2(e)(i).

Appears in 1 contract

Samples: Credit Agreement (Potash Corp of Saskatchewan Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.