Entity Power Clause Samples
The Entity Power clause defines the authority and rights granted to a specific entity within an agreement. It typically outlines the scope of actions the entity can take, such as entering into contracts, making decisions, or managing assets on behalf of the organization. For example, it may specify that a company’s board of directors has the power to approve mergers or acquisitions. This clause ensures clarity regarding who holds decision-making power, thereby preventing disputes and confusion over organizational authority.
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Entity Power. (a) Borrower has the right, power and capacity and is duly authorized and empowered to enter into, execute, deliver and perform this Agreement and the other Loan Documents to which it is a party.
(b) Each Primary Obligor and each other Loan Party has the right, power and capacity and is duly authorized and empowered to enter into, execute, deliver and perform those Loan Documents to which it is a party.
Entity Power. The Lender has the power and capacity to enter into, and to perform its obligations under each of the Transaction Agreements.
Entity Power. Borrower has corporate power and authority to own its property and to transact the business in which it is engaged or presently proposes to engage. Borrower has the corporate right, power and capacity and is duly authorized and empowered to enter into, execute, deliver and perform this Agreement and the other Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limitation of the foregoing, Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.
Entity Power. The Guarantor has the right, power and capacity and is duly authorized and empowered to enter into, execute, deliver and perform this Agreement.
Entity Power. Each of RSVP and RAP-ACP has all requisite power to enter into this Agreement and consummate the transactions contemplated hereby.
Entity Power. ▇▇▇▇▇▇▇▇ and the person signing this Agreement have the power to execute and perform this Agreement. This Agreement and your performance hereunder will not violate any law, or conflict with any other agreement to which you are subject.
Entity Power. Such Unsecured Lender has the power and capacity to enter into, and to perform its obligations under each of the Transaction Agreements to which it is a party.
Entity Power. The LLC has the power and authority to own and hold its properties and to carry on its business as now conducted, including the right to use the name "Strategic Legal Resources, LLC." The LLC does not currently use any fictitious names.
Entity Power. Such Secured Lender has the power and capacity to enter into, and to perform its obligations under each of the Transaction Agreements to which it is a party.
Entity Power. (i) The Company has the right, power and capacity and is duly authorized and empowered to enter into, execute, deliver and perform this Agreement and the Other Agreements to which it is a party.
(ii) Each Affiliated Entity has the right, power and capacity and is duly authorized and empowered to enter into, execute, deliver and perform those Other Agreements to which it is a party.