Common use of Authorization of Agreement, Loan Documents and Borrowing Clause in Contracts

Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by duly authorized officers or other representatives of the Borrower and each of its Restricted Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary party thereto, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights and the availability of equitable remedies.

Appears in 4 contracts

Samples: Credit Agreement (Corrections Corp of America), Credit Agreement (Corrections Corp of America), Credit Agreement (Corrections Corp of America)

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Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Credit Parties and, if applicable, their Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their its respective terms. This Agreement and each Each of the other Loan Documents have has been duly executed and delivered by the duly authorized officers or other representatives of the Borrower Credit Parties and each of its Restricted their Subsidiaries party thereto, as applicable, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary Credit Parties and, if applicable, each of their Subsidiaries party thereto, enforceable in accordance with its terms, except as such enforceability enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

Appears in 3 contracts

Samples: Credit Agreement (Wausau Mosinee Paper Mills Corp), Credit Agreement (Wausau Mosinee Paper Mills Corp), Credit Agreement (Miller Herman Inc)

Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by duly authorized officers or other representatives of the Borrower and each of its Restricted Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary party thereto, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which that affect the enforcement of creditors’ rights and the availability of equitable remedies.

Appears in 3 contracts

Samples: Credit Agreement (CoreCivic, Inc.), Credit Agreement (CoreCivic, Inc.), Credit Agreement (CoreCivic, Inc.)

Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by the duly authorized officers or other representatives of the Borrower and each of its Restricted Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or the its Restricted Subsidiary party thereto, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

Appears in 2 contracts

Samples: Credit Agreement (Paravant Inc), Credit Agreement (Paravant Inc)

Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Loan Parties and, if applicable, their Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their its respective terms. This Agreement and each Each of the other Loan Documents have has been duly executed and delivered by the duly authorized officers or other representatives of the Borrower Loan Parties and each of its Restricted their Subsidiaries party thereto, as applicable, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary Loan Parties and, if applicable, each of their Subsidiaries party thereto, enforceable in accordance with its terms, except as such enforceability enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws Debtor Relief Laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Wausau Mosinee Paper Corp)

Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by duly authorized officers or other representatives of the Borrower and each of its Restricted Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary party thereto, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which that affect the enforcement of creditors’ rights and the availability of equitable remedies.. 51

Appears in 1 contract

Samples: Loan Credit Agreement (CoreCivic, Inc.)

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Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower Borrowers and its Restricted their Subsidiaries has the right, power and authority and has taken all necessary corporate and other action necessary to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is any of the Borrowers or Subsidiaries are a party in accordance with their respective termsparty. This Agreement and each of the other Loan Documents have been duly executed and delivered by the duly authorized officers or other representatives of the Borrower Borrowers and each of its Restricted their Subsidiaries which are a party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower Borrowers or the Restricted their Subsidiary which are a party thereto, enforceable in accordance with its their respective terms, except as such enforceability enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Vermont Pure Holdings LTD)

Authorization of Agreement, Loan Documents and Borrowing. Each of the Borrower and its Restricted Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by duly authorized officers or other representatives of the Borrower and each of its Restricted Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary party thereto, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights and the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Corrections Corp of America)

Authorization of Agreement, Loan Documents and Borrowing. Each of the -------------------------------------------------------- Borrower and its Restricted Designated Subsidiaries has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by the duly authorized officers or other representatives of the Borrower and each of its Restricted Designated Subsidiaries party thereto, and each such document constitutes the legal, valid and binding obligation of the Borrower or the Restricted Subsidiary and its Designated Subsidiaries party thereto, enforceable in accordance with its terms, except as such enforceability enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors' rights in general and the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)

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