Common use of Borrowing Authorization Clause in Contracts

Borrowing Authorization. The execution by the Company and the delivery and performance of this Agreement, the Note(s), and other documents connected to the loans described herein have been authorized by necessary corporate action and will not violate: 1) any provision of law; 2) the Articles of Incorporation or By-laws of the Company; or 3) any agreement binding on the Company.

Appears in 2 contracts

Sources: Revolving Credit Loan Agreement (Kendle International Inc), Revolving Credit Agreement (Strategia Corp)

Borrowing Authorization. The execution by the Company Borrower and the delivery and performance of this Agreement, the Note(s), and other documents connected to the loans described herein have been authorized by necessary corporate action and will not violate: 1) any provision of law; 2) the Articles of Incorporation or By-laws of the CompanyBorrower; or 3) any agreement binding on the CompanyBorrower.

Appears in 1 contract

Sources: Loan Agreement (Pinnacle Data Systems Inc)