Authorization to Execute Security Documents Clause Samples
The 'Authorization to Execute Security Documents' clause grants specific individuals or parties the legal authority to sign and deliver security documents on behalf of an entity or borrower. In practice, this clause typically identifies who within an organization—such as officers, directors, or designated representatives—has the power to execute documents like mortgages, pledges, or guarantees required by a lender. By clearly establishing who is authorized to act, the clause ensures that all security documents are validly executed, thereby reducing the risk of disputes over the enforceability of the security interests and streamlining the transaction process.
Authorization to Execute Security Documents. The Collateral Agent shall execute and deliver each of the Security Documents requiring execution and delivery by it and shall accept delivery from each Grantor of those Security Documents which do not require the Collateral Agent's execution; provided, however, that the Collateral Agent shall have no duty to execute and deliver, or to accept delivery of, any Security Document not satisfactory to it.
Authorization to Execute Security Documents. The Collateral Agent is hereby authorized by the Administrative Agent (on behalf of each Lender) to, and hereby agrees to, execute and deliver each of the Security Documents requiring execution and delivery by it and to accept delivery from the Borrower of those Security Documents which do not require the Collateral Agent’s execution.
Authorization to Execute Security Documents. Certain Representations and Warranties of the Collateral Agent....................................9 Section 2.3 Actions............................................10
Authorization to Execute Security Documents. The Trustee shall execute and deliver each of the Security Documents requiring execution and delivery by it and shall accept delivery from the Debtor of those Security Documents which do not require the Trustee's execution.