Common use of Legal Power and Authority Clause in Contracts

Legal Power and Authority. Borrower has the legal power and authority to enter into this Agreement and the Loan Documents and to perform and discharge Borrower’s Obligations hereunder and under the Loan Documents. The Persons signing this Agreement and the Loan Documents on behalf of Borrower are authorized to do so.

Appears in 6 contracts

Samples: Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (T3 Motion, Inc.), Loan and Security Agreement (Andalay Solar, Inc.)

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Legal Power and Authority. Borrower has the legal power and authority to enter into this Agreement and the Loan Documents and to perform and discharge Borrower’s 's Obligations hereunder and under the Loan Documents. The Persons signing this Agreement and the Loan Documents on behalf of Borrower are authorized to do so.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vertical Branding, Inc.), Loan and Security Agreement (Mendocino Brewing Co Inc)

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