Authorization; Power. The Lender has all requisite legal power and authority to execute, deliver and perform this Agreement and the Related Agreements to which it is a party. The Lender has taken all necessary action for the authorization, execution, delivery and performance of this Agreement and the Related Agreements and the consummation of the transactions contemplated thereby. This Agreement and the Related Agreements are legal, valid and binding obligations of the Lender, which are enforceable against the Lender in accordance with their terms.
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Sources: Note Purchase and Loan Agreement (Seven Seas Petroleum Inc), Note Purchase and Loan Agreement (Seven Seas Petroleum Inc)
Authorization; Power. The Lender has all requisite legal power and authority to execute, deliver and perform this Agreement and the Related Agreements to which it is a partyAgreement. The Lender has taken all necessary action for the authorization, execution, delivery and performance of this Agreement and the Related Agreements and the consummation of the transactions contemplated thereby. This Agreement and the Related Agreements are constitutes a legal, valid and binding obligations obligation of the Lender, which are is enforceable against the Lender in accordance with their its terms.
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