Common use of Power and Authority; Due Authorization, Execution and Delivery Clause in Contracts

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of Borrower, Borrower's use of the proceeds of Advances made hereunder, are within its corporate powers and authority and have been duly authorized by all necessary corporate action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has been duly executed and delivered by such Loan Party.

Appears in 9 contracts

Samples: Credit and Security Agreement (Mohawk Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Spherion Corp)

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Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of Borrower, Borrower's ’s use of the proceeds of Advances made hereunder, are within its corporate powers and authority and have been duly authorized by all necessary corporate action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has have been duly executed and delivered by such Loan Party.

Appears in 9 contracts

Samples: Credit Agreement (WestRock Co), Credit and Security Agreement (WestRock Co), Credit Agreement (WestRock Co)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of Borrower, Borrower's ’s use of the proceeds of Advances made hereunder, are within its corporate powers and authority and have been duly authorized by all necessary corporate action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has been duly executed and delivered by such Loan Party.

Appears in 8 contracts

Samples: Credit Agreement (Rock-Tenn CO), Credit and Security Agreement (Mohawk Industries Inc), Credit and Security Agreement (Bell Microproducts Inc)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Borrower Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of the Borrower, the Borrower's ’s use of the proceeds of Advances Loans made hereunder, are within its corporate powers entity power and authority and have been duly authorized by all necessary corporate entity action on its part. This Agreement and each other Transaction Document to which such Loan Borrower Party is a party has been duly executed and delivered by such Loan Borrower Party.

Appears in 5 contracts

Samples: Receivables Loan Agreement (Arcbest Corp /De/), Receivables Loan Agreement (Arcbest Corp /De/), Receivables Loan Agreement (Arcbest Corp /De/)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of Borrower, Borrower's ’s use of the proceeds of Advances made hereunder, are within its such Loan Party’s limited liability company or corporate powers and authority and have been duly authorized by all necessary limited liability company or corporate action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has been duly executed and delivered by such Loan Party.

Appears in 2 contracts

Samples: Credit and Security Agreement (International Paper Co /New/), Credit and Security Agreement (International Paper Co /New/)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of BorrowerXxxxxxxx, Borrower's Xxxxxxxx’s use of the proceeds of Advances made hereunder, are within its such Loan Party’s limited liability company or corporate powers and authority and have been duly authorized by all necessary limited liability company or corporate action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has been duly executed and delivered by such Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (International Paper Co /New/)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of BorrowerXxxxxxxx, Borrower's Xxxxxxxx’s use of the proceeds of Advances made hereunder, are within its corporate powers and authority and have been duly authorized by all necessary corporate action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has have been duly executed and delivered by such Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (WestRock Co)

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Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of Borrower, Borrower's ’s use of the proceeds of Advances made hereunder, are within its corporate limited liability company powers and authority and have been duly authorized by all necessary corporate limited liability company action on its part. This Agreement and each other Transaction Document to which such Loan Party is a party has been duly executed and delivered by such Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (International Paper Co /New/)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Transaction Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of the Borrower, the Borrower's use of the proceeds of Advances made hereunder, are within its corporate powers or partnership powers, as applicable, and authority and have been duly authorized by all necessary corporate action or partnership action, as applicable, on its part. This Agreement and each other Transaction Document to which such Loan Transaction Party is a party has been duly executed and delivered by such Loan Transaction Party.

Appears in 1 contract

Samples: Credit and Security Agreement (PMC Commercial Trust /Tx)

Power and Authority; Due Authorization, Execution and Delivery. The execution and delivery by such Loan Borrower Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of the Borrower, Borrower's use of the proceeds of Advances the Loans made hereunder, are within its corporate powers and authority and have been duly authorized by all necessary corporate action on its part. This Agreement and each other Transaction Document to which such Loan Borrower Party is a party has been duly executed and delivered by such Loan Borrower Party.

Appears in 1 contract

Samples: Assignment Agreement (Reynolds & Reynolds Co)

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