Common use of Authorization of Borrowing Clause in Contracts

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 50 contracts

Samples: Credit Agreement (NACG Holdings Inc.), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Panolam Industries International Inc)

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Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 38 contracts

Samples: Credit Agreement (Rose Hills Co), Credit Agreement (Dominos Inc), Credit Agreement (Sealy Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate or other action on the part of each Loan Party that is a party thereto.

Appears in 6 contracts

Samples: Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Alliance Imaging Inc /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party theretoParty.

Appears in 6 contracts

Samples: Credit Agreement (Atlas Air Worldwide Holdings Inc), Credit Agreement (Vista Information Solutions Inc), Credit Agreement (Atlas Air Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary action actions on the part of each Loan Party that is a party thereto.

Appears in 4 contracts

Samples: Credit Agreement (Diamond Brands Operating Corp), Security Agreement (Horseshoe Gaming Holding Corp), Security Agreement (Diamond Brands Operating Corp)

Authorization of Borrowing. The execution, delivery and performance of each of the Loan Documents by each of the Loan Parties party thereto have been duly authorized by all necessary corporate action on the part of each such Loan Party that is a party theretoParties.

Appears in 4 contracts

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

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Documents have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 3 contracts

Samples: Credit Agreement (Nacg Finance LLC), Credit Agreement (Viasource Communications Inc), Credit Agreement (Viasource Communications Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements have been duly authorized by all necessary corporate, limited liability company and/or partnership (as applicable) action on the part of each Loan Party that is a party thereto.

Appears in 2 contracts

Samples: Credit Agreement (Anthony Crane Holdings Capital Corp), Revolving Credit Agreement (Anthony Crane Holdings Capital Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action on the part of each of the Loan Party that Parties which is a party thereto.

Appears in 2 contracts

Samples: Credit Agreement (Varco International Inc), Credit Agreement (Varco International Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate or partnership, as the case may be, action on the part of each Loan Party that is a party theretoParty.

Appears in 1 contract

Samples: Credit Agreement (James Cable Finance Corp)

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Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Subordinated Debt Documents have been duly authorized by all necessary corporate or partnership action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Prime Succession Inc)

Authorization of Borrowing. The execution, delivery and performance of the each Priority Secured Loan Documents Document have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Priority Secured Credit Agreement (Loews Cineplex Entertainment Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Transaction Documents have been duly authorized by all necessary corporate or trust action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Dominicks Supermarkets Inc)

Authorization of Borrowing. The execution, delivery and performance of the each Loan Documents Document have been duly authorized by all necessary corporate action on the part of each Loan Party that which is a party theretoto such Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Bay Area Warehouse Stores Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Settlement Agreement have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Oxford Health Plans Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the carrying out of the transactions contemplated thereby have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Prime Hospitality Corp)

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