Common use of Necessary Action Clause in Contracts

Necessary Action. All necessary action on the part of the Borrower and its Affiliates required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 8 contracts

Sources: Credit Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC), Term Loan Agreement (Cleco Power LLC)

Necessary Action. All necessary action on the part of the Borrower and or any of its Affiliates Subsidiaries required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 6 contracts

Sources: Bridge Loan Agreement, Term Loan Agreement (Cleco Power LLC), Bridge Loan Agreement (Cleco Power LLC)

Necessary Action. All necessary action on the part of the Borrower and or any of its Subsidiariesand its Affiliates required to authorize the execution, delivery and performance of the Financing Documents has been duly and effectively taken.

Appears in 3 contracts

Sources: Term Loan Agreement (Cleco Power LLC), Credit Agreement (Cleco Power LLC), Term Loan Credit Agreement (Cleco Power LLC)