Common use of Borrower Authority Clause in Contracts

Borrower Authority. If Borrower is a corporation, a partnership, trust, or limited liability company, Lender shall have no duty to inquire into the powers of Borrower or the officers, directors, partners, trustees, members, managers, or agents acting or purporting to act on its behalf, and any document entered into pursuant to the Security Agreement or any other Obligations incurred upon the purported exercise of such power or authority is hereby guaranteed hereunder.

Borrower Authority. If Borrower is a corporation, a partnership, trust, or limited liability company, Lender shall have no duty to inquire into the powers of Borrower or the officers, directors, partners, trustees, members, managers, or agents acting or purporting to act on its behalf, and any document entered into pursuant to the Security Agreement or any other Obligations incurred upon the purported exercise of such power or authority is hereby guaranteed hereunder. 12.