Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, to execute, deliver and perform its obligations under this Agreement, and to execute, deliver and perform its obligations under the Other Transaction Documents to which it is a party. All corporate action on the Borrower's part necessary for the due creation and issuance of the Note and for the due execution, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Coyote Sports Inc)

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Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, Notes; and Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Agreement, ; and to execute, deliver all corporate and perform its obligations under the Other Transaction Documents to which it is a party. All corporate other action on the Borrower's part necessary requisite for the due creation and issuance of the Note Notes and on the Borrower's part requisite for the due execution, delivery and performance of the Security Instruments, including this Agreement and of the Other Transaction Documents to which it is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, ; and Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Agreement, ; and to execute, deliver all corporate and perform its obligations under the Other Transaction Documents to which it is a party. All corporate other action on the Borrower's part necessary requisite for the due creation and issuance of the Note and for the due executionthis Agreement, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, to execute, deliver and perform its obligations under this Agreement, and to execute, deliver and perform its obligations under the Other Transaction Documents to which it is a party. All corporate action on the Borrower's part necessary for the due creation and issuance of the Note and for the due execution, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Paragon Coyote Texas LTD)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, Notes; and the Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Agreement, and to execute, deliver and perform its obligations under the Other Transaction Documents to which it is a party. All ; and all corporate action on the Borrower's part necessary requisite for the due creation and issuance of the Note Notes and for the due execution, delivery and performance of the Security Instruments, including this Agreement and of the Other Transaction Documents Agreement, to which it the Borrower is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Panda Interfunding Corp)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, to execute, deliver and perform its obligations under this Agreement, Notes; and to execute, deliver and perform its obligations under this Agreement and the Other Transaction Documents to which it is a party. All Security Instruments and all corporate action on the Borrower's part necessary requisite for the due creation and issuance of the Note Notes and for the due execution, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party Security Instruments has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Independent Bankshares Inc)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and --------------------------------- empowered to create and issue the Note, to execute, deliver deliver, and perform its obligations under this Agreement, and to execute, deliver incur the obligations provided for herein and perform its obligations under the Other Transaction Documents to which it is a party. All therein; and all corporate and other action on the Borrower's part necessary requisite for the due creation and issuance of the Note and for the due execution, delivery delivery, and performance of this Agreement and of to make the Other Transaction Documents to which it is a party borrowings hereunder has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Atmos Energy Corp)

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Corporate Power and Authorization. The Each Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, Notes; and each Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Agreement, ; and to execute, deliver all corporate and perform its obligations under the Other Transaction Documents to which it is a party. All corporate other action on the Borrower's part necessary Borrowers' part, respectively, requisite for the due creation and issuance of the Note Notes and for the due executionthis Agreement, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to execute and deliver this Agreement, and to create and issue the Note, to execute, deliver and perform its obligations under this Agreement, all corporate and to execute, deliver and perform its obligations under the Other Transaction Documents to which it is a party. All corporate other action on the Borrower's part necessary of Borrower for the due creation and issuance of the Note and for the due execution, delivery and performance of this Agreement and of the Other Transaction Documents to which it is a party has been duly and effectively taken.;

Appears in 1 contract

Samples: Loan and Pledge Agreement (Valhi Inc /De/)

Corporate Power and Authorization. The Borrower is duly --------------------------------- authorized and empowered to create and issue the Note, ; and the Borrower is duly authorized and empowered to execute, deliver and perform its obligations under the Security Instruments, including this Agreement, and to execute, deliver and perform its obligations under the Other Transaction Documents to which it is a party. All ; and all corporate action on the Borrower's part necessary requisite for the due creation and issuance of the Note and for the due execution, delivery and performance of the Security Instruments, including this Agreement and of the Other Transaction Documents Agreement, to which it the Borrower is a party has been duly and effectively taken.

Appears in 1 contract

Samples: Loan Agreement (Newmark Homes Corp)

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