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.
Appears in 4 contracts
Sources: Reducing Note Facility Agreement (Firstcity Financial Corp), Subordinated Delayed Draw Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp)
Entity Power. (ai) 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 Other Agreements, to which it is a party.
(bii) Each Primary Obligor and each other Loan Party Secondary Obligor 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.
Appears in 2 contracts
Sources: Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)
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 Secondary 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.
Appears in 2 contracts
Sources: Loan Agreement (Firstcity Financial Corp), Term Loan and Revolving Credit Agreement (Firstcity Financial Corp)
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.
Appears in 1 contract
Sources: Reducing Note Facility Agreement (Firstcity Financial Corp)
Entity Power. (a) Each 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.
Appears in 1 contract
Sources: Reducing Note Facility Agreement (Firstcity Financial Corp)