Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 10 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

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Corporate Power and Authorization. The Borrower has the corporate power is duly authorized and authority empowered to execute, deliver, performand perform under all Loan Documents; the Borrower's board of directors has authorized the Borrower to execute and perform under the Loan Documents; and all other corporate and/or shareholder action on Borrower's part required for the due execution, delivery, and take all actions contemplated by, each performance of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingseffectively taken.

Appears in 4 contracts

Samples: Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, by each of the Loan Documents to which it is a partyDocument, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the be fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingsborrowings and requests.

Appears in 3 contracts

Samples: Credit Agreement (Ipalco Enterprises Inc), Credit Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises Inc)

Corporate Power and Authorization. The Each Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, by each of the Loan Documents Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the each Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 3 contracts

Samples: Credit Agreement (Nco Group Inc), Credit Agreement (Nco Group Inc), Credit Agreement (Nco Group Inc)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, by this Agreement and each of the other Loan Documents to which it is a party, and all such action has actions have been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 3 contracts

Samples: Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co)

Corporate Power and Authorization. The Borrower has the corporate power and authority to executemake and carry out this Agreement, deliverto make the borrowings provided for herein, perform, to execute and take all actions contemplated by, each of deliver the Loan Documents Notes and to which it is a party, perform its obligations hereunder and under the Notes; all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Haemonetics Corp), Revolving Credit Agreement (Haemonetics Corp)

Corporate Power and Authorization. The Borrower has is duly authorized and empowered to borrow the corporate power Revolving Loans; and authority Borrower is duly authorized and empowered to execute, deliver, perform, deliver and take all actions contemplated by, each of perform this Agreement and the other Loan Documents to which it is a party, ; and all such corporate action on Borrower’s part requisite for the due execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingseffectively taken.

Appears in 2 contracts

Samples: Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)

Corporate Power and Authorization. The Borrower has the corporate full power and authority to executeenter into this Agreement, deliverto borrow hereunder, perform, to execute and take all actions contemplated by, each of deliver the Note and the other Loan Documents and to incur the obligations provided for herein, all of which it is a party, and all such action has have been duly and validly authorized by all proper and necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingsaction.

Appears in 2 contracts

Samples: Loan and Security Agreement (Petmed Express Inc), Loan and Security Agreement (Color Imaging Inc)

Corporate Power and Authorization. The Borrower has the corporate full power and --------------------------------- authority to executeenter into this Agreement, deliverto borrow hereunder, perform, to execute and take all actions contemplated by, each of deliver the Notes and the other Loan Documents and to incur the obligations provided for herein, all of which it is a party, and all such action has have been duly and validly authorized by all proper and necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingsaction.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

Corporate Power and Authorization. The Borrower has the corporate power is duly authorized and authority --------------------------------- empowered to execute, deliver, performand perform under all Loan Documents; Borrower's board of directors has authorized such Borrower to execute and perform under the Loan Documents; and all other corporate action required for the due execution, delivery, and take all actions contemplated by, each performance of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingseffectively taken.

Appears in 2 contracts

Samples: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a partyDocument, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 2 contracts

Samples: Term Loan Agreement (J&l Specialty Steel Inc), Credit Agreement (J&l Specialty Steel Inc)

Corporate Power and Authorization. The Borrower has the corporate power to execute and authority to execute, deliver, performand to perform its obligations under, this Agreement, the Note, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to timeCollateral, and has taken all necessary corporate and legal action to authorize each of the foregoing; and, to the extent that any Collateral is executed, or any property subject of any Collateral is owned, by a person other than the Borrower, such borrowingsperson has the power to execute and deliver and to perform its obligations under such Collateral and has taken all necessary legal action to authorize the same.

Appears in 1 contract

Samples: Loan Agreement (Allegro Microsystems Inc)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, by each of the Loan Documents Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 1 contract

Samples: Credit Agreement (Nco Group Inc)

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Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 1 contract

Samples: Credit Agreement (Aasche Transportation Services Inc)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, deliver and take all actions contemplated by, each of perform its obligations under the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to timehereunder, and has taken all necessary corporate action to authorize such borrowingsthe borrowing on the terms and conditions hereof and to authorize the execution, delivery and performance of its obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to timethereby, and has taken all necessary corporate action to authorize such borrowings.

Appears in 1 contract

Samples: Agreement (Primark Corp)

Corporate Power and Authorization. The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower has the corporate power and authority to borrow pursuant cause the Letters of Credit to become subject to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingsthe foregoing.

Appears in 1 contract

Samples: Agreement (Primark Corp)

Corporate Power and Authorization. The Borrower Each Obligor has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, by each of the Loan Documents Document to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting limitation of the foregoing, the Borrower each Obligor has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

Appears in 1 contract

Samples: Credit Agreement (Nco Group Inc)

Corporate Power and Authorization. The Borrower has the full corporate power and authority to execute, deliver, perform, execute and take all actions contemplated by, each of deliver this Credit Agreement and the other Loan Documents to which it is a partyparty and to perform all of the obligations hereunder and thereunder, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action has been taken to authorize such borrowingsexecute, deliver and perform this Credit Agreement and the other Loan Documents to which it is a party and to make the borrowings hereunder.

Appears in 1 contract

Samples: Line of Credit Agreement (Infinity Pharmaceuticals, Inc.)

Corporate Power and Authorization. The Borrower has the corporate power is duly authorized and authority empowered to execute, deliver, perform, and take perform under all actions contemplated by, each of the Loan Documents to which it is a party; and all other corporate and/or shareholder action required for the due execution, delivery, and all such action performance of the Loan Documents has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowingseffectively taken.

Appears in 1 contract

Samples: Loan Agreement (Sofamor Danek Group Inc)

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