Common use of Authorization of Borrowing Clause in Contracts

Authorization of Borrowing. The execution, delivery and performance of this Agreement, and the borrowing of the Loans and the request for the issuance of each Letter of Credit, have been duly authorized by all necessary corporate action by the Borrower.

Appears in 5 contracts

Sources: Credit Agreement (Textron Inc), Credit Agreement (Textron Inc), Credit Agreement (Textron Inc)

Authorization of Borrowing. The executionAll appropriate and necessary corporate, shareholder and other actions and approvals (including any governmental or regulatory approvals) have been taken or obtained by the Borrower to authorize the execution and delivery and performance of this Credit Agreement, the Note and the borrowing other Loan Documents to which it is a party and to authorize the performance and observance of the Loans and the request for the issuance terms of each Letter of Credit, have been duly authorized by all necessary corporate action by the Borrowereach.

Appears in 4 contracts

Sources: Revolving Credit Agreement (Talbots Inc), Revolving Credit Agreement (Talbots Inc), Revolving Credit Agreement (Talbots Inc)

Authorization of Borrowing. The executionAll appropriate and necessary corporate, shareholder and other actions and approvals have been taken or obtained by the Borrower and each of its Subsidiaries to authorize the execution and delivery and performance of this Credit Agreement, each Note, if any, and the borrowing other Loan Documents to which it is a party and to authorize the performance and observance of the Loans and the request for the issuance terms of each Letter of Credit, have been duly authorized by all necessary corporate action by the Borrowereach.

Appears in 3 contracts

Sources: Secured Revolving Loan Agreement (Talbots Inc), Secured Revolving Loan Agreement (Talbots Inc), Term Loan Facility Agreement (Talbots Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement (and in the case of each Subsidiary Borrower, its Loan Assumption Agreement), and the borrowing of the Loans and the request for the issuance of each Letter of Credit, have been duly authorized by all necessary corporate action by the each Borrower.

Appears in 3 contracts

Sources: 364 Day Credit Agreement (Textron Inc), Credit Agreement (Textron Inc), Credit Agreement (Textron Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement (and in the case of each Subsidiary Borrower, its Loan Assumption Agreement), and the issuance, delivery and payment of the Notes and the borrowing of the Loans and the request for the issuance of each Letter of Credit, have been duly authorized by all necessary corporate action by the each Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Textron Inc), 364 Day Credit Agreement (Textron Inc)

Authorization of Borrowing. The executionAll appropriate and necessary corporate, shareholder and other actions and approvals have been taken or obtained by the Borrower to authorize the execution and delivery and performance of this Credit Agreement, each Note, if any, and the borrowing other Loan Documents to which it is a party and to authorize the performance and observance of the Loans and the request for the issuance terms of each Letter of Credit, have been duly authorized by all necessary corporate action by the Borrowereach.

Appears in 2 contracts

Sources: Term Loan Agreement (Talbots Inc), Term Loan Agreement (Talbots Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement, and the borrowing issuance, delivery and payment of the Loans Note, and the request for consummation of the issuance of each Letter of Credittransactions contemplated hereby and thereby, have been duly authorized by all necessary corporate action by the Borrower.

Appears in 2 contracts

Sources: Loan and Security Agreement (Imc Mortgage Co), Loan and Security Agreement (Rac Financial Group Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement (and in the case of each Subsidiary Borrower, its Assumption Agreement), and the borrowing of the Loans and the request for the issuance of each Letter of Credit, have been duly authorized by all necessary corporate action by the each Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Textron Inc), 364 Day Credit Agreement (Textron Inc)

Authorization of Borrowing. The execution, All appropriate and necessary action has been taken by it to authorize the execution and delivery and performance of this AgreementAgreement and, in the case of the Borrower, the Note, and to authorize the borrowing performance and observance of the Loans terms hereof and the request for the issuance of each Letter of Credit, have been duly authorized by all necessary corporate action by the Borrowerthereof.

Appears in 2 contracts

Sources: Servicer Advance Financing Facility Agreement (New Century Financial Corp), Receivables Financing Facility Agreement (New Century Financial Corp)

Authorization of Borrowing. The execution, delivery and performance by the Borrower of this Agreement, Loan Agreement and the borrowing issuance, delivery and payment of the Loans and the request for the issuance of each Letter of Credit, Notes have been duly authorized by all necessary corporate action by the Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Genesco Inc), Loan Agreement (Genesco Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement, and the borrowing of the Loans and the request for the issuance of each Letter of CreditBorrowing, have been duly authorized by all necessary corporate action by the Borrower.

Appears in 1 contract

Sources: Term Credit Agreement (Textron Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement, the Loan Documents and Related Documents and the borrowing issuance, delivery and payment of the Loans and the request for the issuance of each Letter of Credit, Notes have been duly authorized by all necessary corporate action by on the Borrowerpart of each applicable Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Hartmarx Corp/De)

Authorization of Borrowing. The execution, delivery and performance of this Agreement, Agreement and the borrowing of the Loans and the request for the issuance of each Letter of Credit, have Related Agreements has been duly authorized by all necessary corporate corporate, limited liability company or limited partnership action by on the part of Borrower.

Appears in 1 contract

Sources: Credit Agreement (Courtside Acquisition Corp)

Authorization of Borrowing. The execution, delivery and performance of this Agreement, Agreement and the borrowing of the Loans and the request for the issuance of each Letter of Credit, have been duly authorized by all necessary corporate action by the Borrower.

Appears in 1 contract

Sources: 364 Day Term Loan Credit Agreement (Textron Inc)

Authorization of Borrowing. The execution, delivery and performance of this Agreement, Agreement and the borrowing Loan Documents and the issuance, delivery and payment of the Loans and the request for the issuance of each Letter of Credit, Notes have been duly authorized by all necessary corporate action by the BorrowerCompany, Manufacturing, IS and RS.

Appears in 1 contract

Sources: Credit Agreement (Bank Jos a Clothiers Inc /De/)

Authorization of Borrowing. The execution, delivery and performance of this Agreementthe Loan Documents, and the borrowing and payment of the Loans and the request for the issuance of each Letter the Letters of Credit, Credit have been duly authorized by all necessary corporate action by Borrower and the Borrowerother Loan Parties.

Appears in 1 contract

Sources: Credit Agreement (Burlington Industries Inc /De/)

Authorization of Borrowing. The execution, delivery delivery, and performance by Borrower of this Agreement, the Loan Documents to which it is a party, and the borrowing of the Loans and the request for the issuance of each Letter of Credit, Notes have been duly authorized by all necessary corporate action by the Borroweraction.

Appears in 1 contract

Sources: Credit Agreement (Southdown Inc)