Common use of Power; Authorization Clause in Contracts

Power; Authorization. Each of the Borrowers has the corporate power, and has been duly authorized by all requisite corporate action, to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly executed and delivered by the Borrowers.

Appears in 5 contracts

Samples: Fourth Forbearance Agreement (Leiner Health Products Inc), Fifth Forbearance Agreement (Leiner Health Products Inc), Second Forbearance Agreement (Leiner Health Products Inc)

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Power; Authorization. Each of the Borrowers and Guarantors has the corporate power, and has been duly authorized by all requisite corporate action, to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly executed and delivered by the BorrowersBorrowers and Guarantors.

Appears in 3 contracts

Samples: Credit Agreement (Pilgrims Pride Corp), Credit Agreement (Pilgrims Pride Corp), Credit Agreement (Pilgrims Pride Corp)

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Power; Authorization. Each of the Borrowers Borrower and Guarantors has the corporate power, and has been duly authorized by all requisite corporate action, to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly executed and delivered by the BorrowersBorrower and Guarantors.

Appears in 2 contracts

Samples: Credit Agreement (Pilgrims Pride Corp), Credit Agreement (Pilgrims Pride Corp)

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