Authorization of Loans Sample Clauses

Authorization of Loans. The Borrowers have authorized the borrowing from time to time of Loans pursuant to the Note. The Note shall be in the form attached hereto as Exhibit A.
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Authorization of Loans. The Members hereby authorize the Company (acting for itself or in a representative capacity on behalf of the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or any other Subsidiary) to take such actions as any Bluerock (acting as the Manager) or any officer of the Company determines is appropriate (i) to obtain the Construction Loan and the Mezzanine Loan and to enter into the Construction Financing Documents on terms as Bluerock (acting as the Manager) or any officer of the Company may conclude are appropriate, (ii) to execute and deliver such Construction Financing Documents (including loan agreements, promissory notes, deeds of trust, security agreements, assignments and collateral assignments, assignments of rents and lease, notices, affidavits, and other documents, instruments, agreements, certificates and consents) as are required by the Construction Lender or the Mezzanine Lender or as Bluerock (acting as the Manager) or any officer of the Company otherwise considers necessary, appropriate or desirable to effectuate the Construction Loan and/or the Mezzanine Loan, (iii) to encumber, as security for the Construction Loan, the Property and any other property of the Company, the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or another Subsidiary as are required by the Construction Lender or the Mezzanine Lender or as Bluerock (acting as the Manager) or any officer of the Company otherwise considers necessary, appropriate or desirable to effectuate the Construction Loan and to encumber, as security for the Mezzanine Loan, the ownership interests in the Property Owner and BR ArchCo Mxxxxxxx Mezz, LLC (a Subsidiary owned by the Company) and any other property of the Company, the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or another Subsidiary as are required by the Construction Lender or the Mezzanine Lender or as Bluerock (acting as the Manager) or any officer of the Company otherwise considers necessary, appropriate or desirable to effectuate the Mezzanine Loan and (iv) to perform the obligations of the Company, and to cause the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC and each other Subsidiary to perform their respective obligations, under the Construction Financing Documents. The Members further authorize Bluerock (acting as the Manager) or any officer of the Company, on behalf of the Company (acting for itself or in a representative capacity on behalf of the Property Owner, BR ArchCo Mxxxxxxx Mezz, LLC or any other Subsidiary), (i) to negotiate def...
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Authorization of Loans. Etc. 10 SECTION 3.03 Conflicting Agreements and Other Matters. 11 SECTION 3.04
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Authorization of Loans. Upon the application of a Participant who is currently employed by the Employer in accordance with the procedures established by the Plan Manager, the Plan Manager may authorize the Trustee to make a loan to the Participant, subject to the limitations set forth below. All loans shall be evidenced by documents as the Plan Manager may require. The Plan Manager shall execute discretion in a uniform and nondiscriminatory manner. Loans outstanding under the ISP by a Participant whose ISP account balance is transferred to this Plan also will be transferred to and be effective under this Plan.
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Authorization of Loans. 4.1 Cash advances and loans of precious metals may be made by AAA Vault to the Borrower at the oral or written request of the Borrower. Only the Borrower is authorized to request advances and precious metal loans and direct disposition thereof from AAA Vault until written notice of the revocation of such authority is received by AAA Vault. Any such advance or loan shall be conclusively presumed to have been made to, or for the benefit of, the Borrower when made in accordance with such requested directions of the Borrower and when said advance is paid or loan is made on behalf of the Borrower.
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Authorization of Loans. If so provided by the Participating Employer in the applicable Participation Agreement, the Plan Administrator shall have the right to‌ direct the Trustee to make a loan to an Eligible Borrower (as defined in Section 8.7) upon receiving a written request for such a loan. All loans shall be subject to the approval of the Participating Employer, and such approval shall be granted or withheld in a uniform and nondiscriminatory manner and in accordance with such rules and regulations not in conflict with the provisions of this Article 8 as the Plan Administrator shall adopt.
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Authorization of Loans. If provided by the Participating Employer in the applicable Participation Agreement, the Administrator may direct the Trustee to make a loan to an Eligible Borrower (as defined in Section 6.7) upon receiving a written request (or other manner acceptable to the Administrator, for example, using an on-line form) for such a loan. All loans are subject to the approval of the Participating Employer, and such approval will be granted or withheld in a uniform and nondiscriminatory manner and in accordance with such rules and regulations not in conflict with the provisions of this Article 6 as the Administrator may adopt.
Sample 1
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Related to Authorization of Loans

  • Authorization of Loan Documents and Borrowings The Borrower has the right and power, and has taken all necessary action to authorize it, to borrow and obtain other extensions of credit hereunder. The Borrower and each other Loan Party has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform each of the Loan Documents and the Fee Letter to which it is a party in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. The Loan Documents and the Fee Letter to which the Borrower or any other Loan Party is a party have been duly executed and delivered by the duly authorized officers of such Person and each is a legal, valid and binding obligation of such Person enforceable against 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.

  • 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.

  • Authorization of Borrowing Etc The execution, delivery and performance of each Loan Document to which it is a party have been duly authorized by all necessary action on the part of each Credit Party.

  • Authorization of Notes The Company will authorize the issue and sale of $53,500,000 aggregate principal amount of its 7.25% Senior Notes due December 30, 2029 (the “Notes”, such term to include any such notes issued in substitution therefor pursuant to Section 13). The Notes shall be substantially in the form set out in Exhibit 1. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.

  • Authorization of Borrowing; No Conflict as to Law or Agreements The execution, delivery and performance by the Borrower of the Loan Documents and the borrowings from time to time hereunder have been duly authorized by all necessary corporate action and do not and will not (i) require any consent or approval of the Borrower’s Owners; (ii) require any authorization, consent or approval by, or registration, declaration or filing with, or notice to, any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, or any third party, except such authorization, consent, approval, registration, declaration, filing or notice as has been obtained, accomplished or given prior to the date hereof; (iii) violate any provision of any law, rule or regulation (including Regulation X of the Board of Governors of the Federal Reserve System) or of any order, writ, injunction or decree presently in effect having applicability to the Borrower or of the Borrower’s Constituent Documents; (iv) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other material agreement, lease or instrument to which the Borrower is a party or by which it or its properties may be bound or affected; or (v) result in, or require, the creation or imposition of any Lien (other than the Security Interest) upon or with respect to any of the properties now owned or hereafter acquired by the Borrower.

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

  • Termination of Loans In addition to BTC’s authority to terminate a loan of Securities pursuant to the terms of the applicable Securities Lending Agreement as described in Section 2.4 above, BTC shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Lending Agreement promptly:

  • Authorization of Agreements The execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of Company.

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