Common use of Corporate Power and Authority, etc Clause in Contracts

Corporate Power and Authority, etc. Each of the Credit Parties has the corporate power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties has duly executed and delivered each Credit Document to which it is party and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc)

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Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate corporate, partnership or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party party, and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 2 contracts

Samples: Term Loan Agreement (American Dental Partners Inc), Credit Agreement (American Dental Partners Inc)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party party, and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 2 contracts

Samples: Term Loan Agreement (Gibraltar Industries, Inc.), Credit Agreement (American Dental Partners Inc)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party party, and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that each Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Calgon Carbon Corporation), General Revolving Note (Calgon Carbon Corporation)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Safety Components International Inc)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate corporate, partnership or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party and each Credit Document to which it is party constitutes the legal, valid and binding agreement or and obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Pledge and Security Agreement (American Dental Partners Inc)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party party, and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Gibraltar Industries, Inc.)

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Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Loan Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Loan Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Loan Document to which it is party and each Credit Loan Document to which it is party constitutes the legal, valid and binding agreement or and obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Loan Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Loan Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Loan Document to which it is party and each Credit Loan Document to which it is party constitutes the legal, valid and binding agreement or and obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).. 100

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that each Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Vencor Inc)

Corporate Power and Authority, etc. Each of the Credit Parties Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is party. Each of the Credit Parties Party has duly executed and delivered each Credit Document to which it is party and each Credit Document to which it is party constitutes the legal, valid and binding agreement or obligation of that such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)

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