Common use of Authorization of Agreements Clause in Contracts

Authorization of Agreements. Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment and each other such agreement contemplated hereby to which it is a party has been duly executed and delivered by the duly authorized officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 10 contracts

Samples: Credit and Security Agreement (Mastec Inc), Revolving Credit and Security Agreement and Waiver (Mastec Inc), Revolving Credit and Security Agreement (Mastec Inc)

AutoNDA by SimpleDocs

Authorization of Agreements. Each The Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment and each other such agreement contemplated hereby to which it is a party has have been duly executed and delivered by the duly authorized officers of such the Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such the Borrower, enforceable in accordance with its terms.

Appears in 7 contracts

Samples: Loan and Security Agreement (Nabi /De/), Loan and Security Agreement (Cmi Industries Inc), Loan and Security Agreement (Nabi /De/)

Authorization of Agreements. Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment and each other such agreement contemplated hereby to which it is a party has been duly executed and delivered by the duly authorized officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 5 contracts

Samples: Loan and Security Agreement (Heafner Tire Group Inc), Loan and Security Agreement (Heafner Tire Group Inc), Loan and Security Agreement (Heafner Tire Group Inc)

Authorization of Agreements. Each Such Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment and each other instrument and agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment and each other such instrument and agreement contemplated hereby to which it is a party has have been duly executed and delivered by the duly authorized officers Authorized Officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Loan and Security Agreement (Syratech Corp), Loan and Security Agreement (Syratech Corp), Loan and Security Agreement (Syratech Corp)

Authorization of Agreements. Each Borrower has the right and power, power and has taken all necessary action to authorize it, it to execute, deliver and perform this Amendment and each other agreement contemplated hereby to which it is a party in accordance with their respective its terms. This Amendment and each other such agreement contemplated hereby to which it is a party has been duly executed and delivered by the duly authorized officers of such each Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, is a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Ridgeview Inc, Ridgeview Inc, Ridgeview Inc

Authorization of Agreements. Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment Agreement and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment Agreement and each other such agreement contemplated hereby to which it is a party has been duly executed and delivered by the duly authorized officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment Agreement will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Credit and Security Agreement (PNA Group Holding CORP), Credit and Security Agreement (PNA Group, Inc.), Credit and Security Agreement (PNA Group Holding CORP)

Authorization of Agreements. Each Such Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment and each other such agreement contemplated hereby to which it is a party has have been duly executed and delivered by the duly authorized officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 2 contracts

Samples: Loan and Security Agreement (Collins Industries Inc), Loan and Security Agreement (Collins Industries Inc)

AutoNDA by SimpleDocs

Authorization of Agreements. Each Borrower has the right and power, power and has taken all necessary action to authorize it, it to execute, deliver and perform this Amendment and each the other agreement Loan Documents contemplated hereby to which it is a party in accordance with their respective its terms. This Amendment has been, and each the other such agreement Loan Documents contemplated hereby to which it is a party has been when executed and delivered by the Borrowers, will have been, duly executed and delivered by the duly authorized officers of such each Borrower and each is, or each when executed and delivered in accordance with this Amendment at such time will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.

Appears in 1 contract

Samples: Ridgeview Inc

Authorization of Agreements. Each Such Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment Agreement and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment Agreement and each other such agreement contemplated hereby to which it is a party has been duly executed and delivered by the duly authorized officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.executed

Appears in 1 contract

Samples: Credit Agreement (Alpha Metallurgical Resources, Inc.)

Authorization of Agreements. Each The Borrower has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform this Amendment and each other agreement contemplated hereby to which it is a party in accordance with their respective terms. This Amendment and each other such agreement contemplated hereby to which it is a party has have been duly executed and delivered by the duly authorized officers of such Borrower and each is, or each when executed and delivered in accordance with this Amendment will be, a legal, valid and binding obligation of such Borrower, enforceable in accordance with its terms.duly

Appears in 1 contract

Samples: Nabi /De/

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