Common use of Power; Authority Clause in Contracts

Power; Authority. (a) Each Credit Party has full legal right, power and authority to carry on its respective present business, to own its respective properties and assets, to incur the obligations thereunder, to execute and deliver each Operative Document to which it is a party, and, to the extent it is a party thereto, to perform and observe the terms and conditions thereof.

Power; Authority. (a) Each Credit Party has full legal right, power and authority to carry on its respective present business, to own its respective properties and assets, to incur the obligations thereunder, to execute and deliver each Operative Document to which it is a party, and, to the extent it is a party thereto, to perform and observe the terms and conditions thereofthereof except, solely with respect to the Operative Documents which are not Credit Documents, to the extent the failure to have such right, power or authority could not reasonably be expected to have a Material Adverse Effect.

Power; Authority. (a) Each Credit Party has full legal right, power and authority to carry on its respective present business, to own its respective properties and assets, to incur the obligations thereunder, to execute and deliver each Operative Credit Document to which it is a party, and, to the extent it is a party thereto, to perform and observe the terms and conditions thereof.