DUE AUTHORITY definition
DUE AUTHORITY. The parties hereby represent that the individuals executing this Agreement are expressly authorized to do so on and in behalf of the parties.
Examples of DUE AUTHORITY in a sentence
THE PERSON EXECUTING THIS AGREEMENT ON BEHALF OF BORROWER CERTIFIES THAT PERSON’S DUE AUTHORITY TO DO SO, AND THAT EACH ITEM OF COLLATERAL WILL, AT THE TIME LENDER FUNDS THE LOAN, BE OWNED BY BORROWER FREE AND CLEAR OF LIENS OR ENCUMBRANCES AND BE IN GOOD CONDITION AND WORKING ORDER.
THE PERSON EXECUTING THIS AGREEMENT ON BEHALF OF DEBTOR WARRANTS THAT PERSON'S DUE AUTHORITY TO DO SO.
THE PERSON EXECUTING THIS AGREEMENT ON BEHALF OF THE DEBTOR WARRANTS THAT PERSON’S DUE AUTHORITY TO DO SO.
THE PERSON EXECUTING THIS AGREEMENT ON BEHALF OF CUSTOMER WARRANTS THAT PERSON’S DUE AUTHORITY TO DO SO.