Common use of Power, Authority, Consents Clause in Contracts

Power, Authority, Consents. The Borrower and each other Loan Party has the power to execute, deliver and perform this First Amendment, and with respect to the Borrower, the Substituted Note. The Borrower has the power to borrow under the Original Loan Agreement as amended hereby and has taken all necessary corporate action to authorize the borrowing hereunder. Other than due authorization by the Board of Directors of the Borrower and each other Loan Party, each of which has been duly obtained, no consent or approval of any Person (including, without limitation, any stockholder of any corporate Loan Party or any partner in any partnership Loan Party), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by the Borrower or any other Loan Party, or the validity or enforcement of this First Amendment or the Substituted Note.

Appears in 1 contract

Samples: Loan Agreement (G Iii Apparel Group LTD /De/)

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Power, Authority, Consents. The Borrower and each other Loan Party has the power to execute, deliver and perform this First Amendment, and with respect the Loan Documents to the Borrower, the Substituted Notebe executed by it. The Borrower has the power to borrow under the Original Loan Agreement as amended hereby hereunder and has taken all necessary corporate action to authorize the borrowing hereunderhereunder on the terms and conditions of this Agreement. Other than due authorization by the Board of Directors of the The Borrower and each other Loan PartyParty has taken all necessary action, each corporate or otherwise, to authorize the execution, delivery and performance of which has been duly obtained, no the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any corporate Loan Party or any partner in any partnership Loan Party), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by the Borrower or any other Loan Party, or the validity validity, enforcement or enforcement priority, of this First Amendment or the Substituted NoteLoan Documents.

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

Power, Authority, Consents. The Borrower and each other Loan Party has the power to execute, deliver and perform this First Amendment, and with respect the Loan Documents to the Borrower, the Substituted Notebe executed by it. The Borrower has the power to borrow under the Original Loan Agreement as amended hereby hereunder and has taken all necessary corporate action to authorize the borrowing hereunderhereunder on the terms and conditions of this Agreement. Other than due authorization by the Board of Directors of the The Borrower and each other Loan PartyParty has taken all necessary action, each corporate or otherwise, to authorize the execution, delivery and performance of which has been duly obtained, no the Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of any corporate Loan Party or any partner in any partnership Loan Party), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authorityGovernmental Authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by the Borrower or any other Loan Party, or the validity validity, enforcement or enforcement priority, of this First Amendment or the Substituted NoteLoan Documents.

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

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Power, Authority, Consents. The Borrower and each other Loan Party has the power to execute, deliver and perform this First Fifth Amendment, and with respect to the Borrower, the Second Substituted Note. The Borrower has the power to borrow under the Original Loan Agreement as amended hereby and has taken all necessary corporate action to authorize the borrowing hereunder. Other than due authorization by the Board of Directors of the Borrower and each other Loan Party, each of which has been duly obtained, no consent or approval of any Person (including, without limitation, any stockholder of any corporate Loan Party or any partner in any partnership Loan Party), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other similar right and no consent, license, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by the Borrower or any other Loan Party, or the validity or enforcement of this First Fifth Amendment or the Second Substituted Note.

Appears in 1 contract

Samples: Loan Agreement (G Iii Apparel Group LTD /De/)

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