Common use of Valid Authorization and Execution Clause in Contracts

Valid Authorization and Execution. Each Borrower has taken all necessary corporate action of its directors and shareholders to authorize the execution, delivery and performance of this Agreement and to observe and perform the provisions thereof in accordance with the terms therein contained.

Valid Authorization and Execution. Each The Borrower has taken all necessary corporate corporate, partnership and other action (as applicable) of its directors directors, shareholders, partners, trustees and shareholders other persons (as applicable) to authorize the execution, delivery and performance of this Agreement and to observe and perform the provisions thereof in accordance with the terms therein contained.