Common use of Authorization; Execution and Delivery, Etc Clause in Contracts

Authorization; Execution and Delivery, Etc. The execution and delivery by such Borrower of this Agreement and each of the other Loan Documents, and the performance by the Borrower of the Obligations, are within its trust powers, as applicable, and have been duly authorized by all requisite action by such Borrower. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such Borrower, and constitute the legal, valid and binding obligations of such Borrower enforceable against such Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Putnam Diversified Income Trust), Credit Agreement (Putnam Funds Trust), Credit Agreement (Putnam Massachusetts Tax Exempt Income Fund/Ma/)

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Authorization; Execution and Delivery, Etc. The execution and delivery by such the Borrower of, and the performance by the Borrower of its obligations under, this Agreement and each of the other Loan Documents, and the performance by the Borrower of the Obligationsother instruments, certificates and agreements contemplated hereby and thereby, are within its trust corporate powers, as applicable, and have been duly authorized by all requisite corporate action by such the Borrower. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such the Borrower, and constitute the legal, valid and binding obligations of such the Borrower enforceable against such the Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Blackrock Debt Strategies Fund, Inc.), Credit Agreement (Blackrock Corporate High Yield Fund Vi, Inc.)

Authorization; Execution and Delivery, Etc. The execution and delivery by such the Borrower of, and the performance by the Borrower of its obligations under, this Agreement and Agreement, each of the other Loan Documents, and the performance by the Borrower of the Obligationsother instruments, certificates and agreements contemplated hereby and thereby, are within its trust corporate powers, as applicable, and have been duly authorized by all requisite action by such the Borrower. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such the Borrower, and constitute the legal, valid and binding obligations of such the Borrower enforceable against such the Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). The Borrower is not an Affected Financial Institution.

Appears in 1 contract

Samples: Credit Agreement (Neuberger Berman Real Estate Securities Income Fund Inc)

Authorization; Execution and Delivery, Etc. The execution and delivery by such the Borrower of this Agreement and each of the other Loan Documents, and the performance by the Borrower of the Obligations, are within its statutory trust powers, as applicable, and have been duly authorized by all requisite action by such the Borrower. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such the Borrower, and constitute the legal, valid and binding obligations of such the Borrower enforceable against such the Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Goldman Sachs MLP & Energy Renaissance Fund)

Authorization; Execution and Delivery, Etc. The execution and delivery by such Borrower of this Agreement and each of the other Loan Documents, and the performance by the Borrower of the Obligations, are within its corporate or trust powers, as applicable, and have been duly authorized by all requisite action by such Borrower. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such Borrower, and constitute the legal, valid and binding obligations of such Borrower enforceable against such Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Allianz Funds)

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Authorization; Execution and Delivery, Etc. The execution and delivery by such the Borrower of, and the performance by the Borrower of its obligations under, this Agreement and Agreement, each of the other Loan Documents, and the performance by the Borrower of the Obligationsother instruments, certificates and agreements contemplated hereby and thereby, are within its trust corporate powers, as applicable, and have been duly authorized by all requisite action by such the Borrower. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such the Borrower, and constitute the legal, valid and binding obligations of such the Borrower enforceable against such the Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). The Borrower is not an EEA Financial Institution.

Appears in 1 contract

Samples: Credit Agreement (Neuberger Berman Real Estate Securities Income Fund Inc)

Authorization; Execution and Delivery, Etc. The execution and delivery by such Borrower of this Agreement and each of the other Loan Documents, and the performance by the Borrower of the Obligations, are within its trust powers, as applicable, and have been duly authorized by all requisite action by such BorrowerXxxxxxxx. This Agreement and each of the other Loan Documents, and the other instruments, certificates and agreements contemplated hereby and thereby, have been duly executed and delivered by such Borrower, and constitute the legal, valid and binding obligations of such Borrower enforceable against such Borrower and its assets in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Putnam Investment Funds)

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