Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform its obligations under this Amendment and to make the borrowings provided for in the Credit Agreement, and all requisite corporate action on the Borrower’s part for the due execution, delivery and performance of this Amendment has been duly and effectively taken.

Appears in 6 contracts

Sources: Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Corporate Power and Authorization. The Borrower is duly authorized and --------------------------------- empowered to execute, deliver deliver, and perform its obligations under this Amendment all Loan Documents; Borrower's board of directors has authorized such Borrower to execute and to make perform under the borrowings provided for in the Credit Agreement, Loan Documents; and all requisite other corporate action on the Borrower’s part required for the due execution, delivery delivery, and performance of this Amendment the Loan Documents has been duly and effectively taken.

Appears in 2 contracts

Sources: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to execute, deliver and perform its obligations under this Amendment and to make the borrowings provided for in the Credit Agreement, and all requisite corporate action on the Borrower’s 's part for the due execution, delivery and performance of this Amendment has been duly and effectively taken.

Appears in 2 contracts

Sources: Term Loan Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Corporate Power and Authorization. The Borrower is duly authorized and empowered to borrow the Revolving Loans; and Borrower is duly authorized and empowered to execute, deliver and perform its obligations under this Amendment Agreement and the other Loan Documents to make the borrowings provided for in the Credit Agreement, which it is a party; and all requisite corporate action on the Borrower’s part requisite for the due execution, delivery and performance of this Amendment Agreement and the other Loan Documents to which it is a party has been duly and effectively taken.

Appears in 2 contracts

Sources: Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)

Corporate Power and Authorization. The Borrower is duly authorized and --------------------------------- empowered to create and issue the Note, to execute, deliver deliver, and perform its this Agreement, and to incur the obligations under provided for herein and therein; and all corporate and other action on Borrower's part requisite for the due creation and issuance of the Note and for the due execution, delivery, and performance of this Amendment Agreement and to make the borrowings provided for in the Credit Agreement, and all requisite corporate action on the Borrower’s part for the due execution, delivery and performance of this Amendment hereunder has been duly and effectively taken.

Appears in 1 contract

Sources: Loan Agreement (Atmos Energy Corp)