Common use of Authorization of Borrowing Clause in Contracts

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties thereto.

Appears in 4 contracts

Sources: Credit Agreement (Sherman Acquisition Corp), Credit Agreement (Gulf State Credit LLP), Credit Agreement (Account Portfolios Gp Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties theretoCompany.

Appears in 4 contracts

Sources: Revolving Credit Agreement (America West Airlines Inc), Revolving Credit Agreement (America West Holdings Corp), Term Loan Agreement (America West Holdings Corp)

Authorization of Borrowing. The execution, delivery and performance of, and the consummation of the transactions contemplated by, the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of by each of the Loan Parties theretoParty.

Appears in 2 contracts

Sources: Credit Agreement (Borg Warner Security Corp), Credit Agreement (Borg Warner Security Corp)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes transactions contemplated thereby have been duly authorized authorized, as appropriate, by all necessary corporate and/or partnership (as applicable) action on by Holding, Company and the part of each of the Loan Parties theretoSubsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Nu Kote Holding Inc /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements Environmental Indemnity and the issuance, delivery and payment of the Notes Note have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties theretoBorrower.

Appears in 1 contract

Sources: Loan and Security Agreement (Peregrine Real Estate Trust)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes Transaction Documents have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties theretoBorrower.

Appears in 1 contract

Sources: Credit Agreement (Atlas Air Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes transactions contemplated thereby have been duly authorized authorized, as appropriate, by all necessary corporate and/or partnership (as applicable) action on by Holding, Company and the part of each of the Loan Parties theretoMaterial Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Nu Kote Holding Inc /De/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties Company and its Subsidiaries that is a party thereto.

Appears in 1 contract

Sources: Credit Agreement (Bell Industries Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements Environmental Indemnity and the issuance, delivery and payment of the Notes Note have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties theretoBorrower, its sole member, manager and Limited Recourse Obligations Guarantor.

Appears in 1 contract

Sources: Loan and Security Agreement (Xm Satellite Radio Holdings Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (or partnership, as applicable) the case may be, action on the part of each of the Loan Parties theretoParty.

Appears in 1 contract

Sources: Credit Agreement (James Cable Finance Corp)

Authorization of Borrowing. The execution, delivery delivery, and performance of the Loan Documents and the Related Agreements and Loans by the issuance, delivery and payment of the Notes Company have been duly authorized by all necessary requisite corporate and/or partnership (as applicable) action on the part of each of the Loan Parties theretoaction.

Appears in 1 contract

Sources: Credit Agreement (Collaborative Clinical Research Inc)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of the Loan Parties Company and its Subsidiaries that is a party thereto.

Appears in 1 contract

Sources: Credit Agreement (Bell Industries Inc /New/)

Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Related Agreements and the issuance, delivery and payment of the Notes (i) have been duly authorized by all necessary corporate and/or partnership (as applicable) action on the part of each of Loan Party that is a party thereto and (ii) have been or by the Loan Parties theretoClosing Date will be duly authorized by the Court.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Goss Graphic Systems Inc)