Common use of Power and Authority; Authorization Clause in Contracts

Power and Authority; Authorization. Borrower has the corporate power and authority to execute and deliver this Agreement and to perform the terms and provisions of the Loan Agreement, as amended by this Agreement, and the execution and delivery by Borrower of this Agreement, and the performance by the Borrower of its obligations hereunder and under the Financing Agreements have been duly authorized by all requisite corporate action by Borrower.

Power and Authority; Authorization. Each Borrower has the corporate or limited liability company, as applicable, power and authority to execute execute, deliver and deliver this Agreement and to perform the terms and provisions of the Loan AgreementCredit Agreement and has taken all necessary corporate or limited liability company, as amended by this Agreementapplicable, action to authorize the execution, delivery and the execution and delivery by Borrower of this Agreement, and the performance by the Borrower of its obligations hereunder and under the Financing Agreements have been duly authorized by all requisite corporate action by Borrowerthereof.

Power and Authority; Authorization. Borrower has the corporate power and authority and the legal right to execute and deliver deliver, to perform its obligations under, and to grant the Security Interest in the Collateral pursuant to, this Agreement and has taken all necessary corporate action to perform the terms authorize its execution, delivery and provisions performance of, and grant of the Loan AgreementSecurity Interest in the Collateral pursuant to, as amended by this Agreement, and the execution and delivery by Borrower of this Agreement, and the performance by the Borrower of its obligations hereunder and under the Financing Agreements have been duly authorized by all requisite corporate action by Borrower.