Common use of Power and Authority; Authorization Clause in Contracts

Power and Authority; Authorization. Each Grantor has the power and authority and the legal right to execute and deliver, to perform its obligations under, and to grant the Lien on the Collateral pursuant to, this Security Agreement and has taken all necessary action to authorize its execution, delivery and performance of, and grant of the Lien on the Collateral pursuant to, this Security Agreement.

Power and Authority; Authorization. Each Grantor has the corporate power and authority and the legal right to execute and deliver, to perform its obligations under, and to grant the Lien security interests on the Collateral pursuant to, this Security Agreement and has taken all necessary corporate action to authorize its execution, delivery and performance of, and grant of the Lien security interests on the Collateral pursuant to, this Security Agreement.

Power and Authority; Authorization. Each The Grantor has the limited liability company power and authority and the legal right to execute and deliver, to perform its obligations under, and to grant the Lien security interest on the Collateral pursuant to, this Security Agreement and has taken all necessary limited liability company action to authorize its execution, delivery and performance of, and grant of the Lien on security interest in the Collateral pursuant to, this Security Agreement.

Power and Authority; Authorization. Each The Grantor has the corporate power and authority and the legal right to execute and deliver, to perform its obligations under, and to grant the Lien on the Collateral pursuant to, this Security Agreement and has taken all necessary corporate action to authorize its execution, delivery and performance of, and grant of the Lien on the Collateral pursuant to, this Security Agreement.