Common use of Authorization of Loan Documents and Borrowings Clause in Contracts

Authorization of Loan Documents and Borrowings. The Borrower has the right and power, and has taken all necessary action to authorize it, to execute and deliver this Amendment and to perform its obligations hereunder and under the Credit Agreement, as amended by this Amendment, in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. This Amendment has been duly executed and delivered by the duly authorized officers of the Borrower, and each of this Amendment and the Credit Agreement, as amended by this Amendment, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its respective terms, except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein and as may be limited by equitable principles generally.

Appears in 7 contracts

Samples: Credit Agreement and Consent (Federal Realty Investment Trust), Term Loan Agreement and Consent (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust)

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Authorization of Loan Documents and Borrowings. The Borrower has the right and power, and has taken all necessary action to authorize it, to execute and deliver this Amendment and to perform its obligations hereunder and under the Amended Credit Agreement, as amended by this Amendment, Agreement in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. This Amendment has been duly executed and delivered by the duly authorized officers of the Borrower, and each of this Amendment and the Amended Credit Agreement, as amended by this Amendment, Agreement is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its respective terms, except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein and as may be limited by equitable principles generally.

Appears in 2 contracts

Samples: Term Loan Agreement (Federal Realty OP LP), Term Loan Agreement (Federal Realty Investment Trust)

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Authorization of Loan Documents and Borrowings. The Borrower has the right and power, and has taken all necessary action to authorize it, to execute and deliver this the Amendment Documents and to perform its obligations hereunder the Amendment Documents and under the Credit Agreement, Agreement as amended by this Amendment, Amendment in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. This The Amendment has Documents have been duly executed and delivered by the duly authorized officers of the Borrower, Borrower and each of this the Amendment Documents and the Credit Agreement, Agreement as amended by this Amendment, Amendment is a legal, valid and binding obligation of the Borrower, such Person enforceable against the Borrower such Person in accordance with its respective terms, except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein and as may be limited by equitable principles generally.

Appears in 1 contract

Samples: Term Loan Agreement (Federal Realty Investment Trust)

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