Common use of Corporate Power; Authorization Clause in Contracts

Corporate Power; Authorization. (a) Each Loan Party has the corporate or other power and authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain Credit Extensions hereunder.

Appears in 5 contracts

Samples: Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc)

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Corporate Power; Authorization. (a) Each Loan Party has the corporate or other requisite power and authority and the legal right to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowersBorrower, to obtain Credit Extensions extensions of credit hereunder. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and in case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement.

Appears in 5 contracts

Samples: First Lien Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc), Second Lien Credit Agreement (Cumulus Media Inc)

Corporate Power; Authorization. (a) Each of the Loan Party Parties and Parent has the corporate or other requisite power and authority and the legal right to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain Credit Extensions extensions of credit made or deemed made hereunder. Each of the Loan Parties and Parent has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and in case of the Borrowers, to authorize the extensions of credit made hereunder on the terms and conditions of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

Corporate Power; Authorization. (a) Each Loan Party has the corporate or other requisite power and authority and the legal right to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain Credit Extensions extensions of credit made or deemed made hereunder. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and in case of the Borrowers, to authorize the extensions of credit made or deemed made hereunder on the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

Corporate Power; Authorization. (a%3) Each Loan Party has the corporate or other requisite power and authority and the legal right to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrowers, to obtain Credit Extensions extensions of credit made or deemed made hereunder. Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and in case of the Borrowers, to authorize the extensions of credit made or deemed made hereunder on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

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Corporate Power; Authorization. (a) Each Loan Party has the corporate or other power and authority has been duly authorized by all requisite corporate action to make, execute and deliver this Agreement and perform the Loan Documents each other Amendment Document to which it is a party and, in the case of the Borrowers, and to obtain Credit Extensions hereunderperform its obligations hereunder and thereunder. This Agreement and each other Amendment Document to which such Loan Party is a party has been duly executed and delivered by such Loan Party.

Appears in 1 contract

Samples: Forbearance and Amendment Agreement (Tasty Baking Co)

Corporate Power; Authorization. (a) Each Loan Party has the corporate or other organizational power and authority to makeexecute, deliver and perform its obligations under this Amendment (including the Loan Documents to which it is a party Acknowledgment thereof attached below (the “Acknowledgment”)) and, in the case of the BorrowersBorrower, to obtain borrow the Refinancing Loans under the Amended Credit Extensions hereunderAgreement. Each Loan Party has taken all necessary corporate or other action to authorize the execution, delivery and performance of this Amendment and, in the case of the Borrower, to authorize the Refinancing Loans on the terms and conditions of this Amendment.

Appears in 1 contract

Samples: Credit Agreement (Endurance International Group Holdings, Inc.)

Corporate Power; Authorization. (a) Each Loan Party has the corporate or other power and authority to make, deliver enter into and perform its obligations under the Loan Documents to which it is a party andand the execution, in the case delivery and performance of the Borrowers, to obtain Credit Extensions hereundersuch Loan Documents has been duly authorized by all necessary action of such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

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