Common use of Existence, Power and Authority Clause in Contracts

Existence, Power and Authority. Borrower is a limited liability company duly formed and validly existing in the State of Delaware and authorized to do business as a foreign limited liability company in and in good standing under the laws of the States of New York, with requisite power and authority to (i) incur the Obligations, and (ii) execute, deliver and perform this Agreement and the other Loan Documents to which it is a party.

Appears in 4 contracts

Sources: Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc)

Existence, Power and Authority. Borrower is a limited liability company duly formed and formed, validly existing in the State of Delaware and authorized to do business as a foreign limited liability company in and in good standing under the laws of the States State of New YorkDelaware, is duly qualified to transact business as a foreign limited liability company under the laws of the State of California, with requisite power and authority to (i) incur the Obligations, and (ii) execute, deliver and perform this Agreement and the other Loan Documents to which it is a party.

Appears in 3 contracts

Sources: Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.)

Existence, Power and Authority. Borrower is a limited liability company duly formed and validly existing in the State of Delaware and authorized to do business as a foreign limited liability company in and in good standing under the laws of the States of New YorkDelaware and Texas, with requisite power and authority to (i) incur the Obligations, and (ii) execute, deliver and perform this Agreement and the other Loan Documents to which it is a party.

Appears in 2 contracts

Sources: Loan and Security Agreement (Inland Real Estate Income Trust, Inc.), Construction Loan and Security Agreement (Global Growth Trust, Inc.)

Existence, Power and Authority. Borrower is a limited liability company duly formed and validly existing in the State of Delaware and authorized to do business as a foreign limited liability company in and in good standing under the laws of the States of New YorkDelaware and Arkansas, with requisite power and authority to (i) incur the Obligations, and (ii) execute, deliver and perform this Agreement and the other Loan Documents to which it is a party.

Appears in 2 contracts

Sources: Term Loan Agreement (Strategic Student & Senior Housing Trust, Inc.), Loan and Security Agreement (Inland Real Estate Income Trust, Inc.)

Existence, Power and Authority. The Borrower is a limited liability company corporation duly formed and incorporated, validly existing in the State of Delaware and authorized to do business as a foreign limited liability company in and in good standing under the laws of the States state of New York, Delaware with requisite full power and authority to (i) incur carry on its business as presently conducted and as proposed to be conducted by it and to own or hold under lease its properties. The Borrower has full power and authority to execute and deliver the Obligations, and (ii) execute, deliver and perform this Agreement and the other Loan Documents to which it is a partyparty and to perform its obligations and carry out the transactions so contemplated.

Appears in 1 contract

Sources: Credit Agreement (Contran Corp)

Existence, Power and Authority. Borrower is a limited liability company duly formed and validly existing in the State of Delaware and authorized to do business as a foreign limited liability company in and in good standing under the laws of the States of New YorkDelaware and Massachusetts, with requisite power and authority to (i) incur the Obligations, and (ii) execute, deliver and perform this Agreement and the other Loan Documents to which it is a party.

Appears in 1 contract

Sources: Revolving Loan and Security Agreement (Cottonwood Communities, Inc.)