Common use of Power and Authority; Due Authorization; Execution and Delivery Clause in Contracts

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 28 contracts

Sources: Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Kayne Anderson BDC, Inc.), Loan and Security Agreement (CION Investment Corp)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company corporate power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company corporate action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 26 contracts

Sources: Loan, Security and Collateral Management Agreement (Willow Tree Capital Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp), Loan and Security Agreement (Oaktree Specialty Lending Corp)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company corporate power, authority and legal right to (a) execute and deliver each this Agreement and the other Transaction Document Documents to which it is a party, party and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, corporate action the execution, delivery and performance of each this Agreement and the other Transaction Document Documents to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 3 contracts

Sources: Facility Agreement (AB Private Credit Investors Corp), Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each this Agreement and the other Transaction Document Documents to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, corporate action the execution, delivery and performance of each this Agreement and the other Transaction Document Documents to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 2 contracts

Sources: Omnibus Amendment (Blue Owl Technology Finance Corp. II), Loan and Servicing Agreement (NewStar Financial, Inc.)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 2 contracts

Sources: Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Security Agreement (Stepstone Private Credit Fund LLC)

Power and Authority; Due Authorization; Execution and Delivery. The Each of the Equityholder and the Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Equityholder or the Collateral Manager is a party have been duly executed and delivered by the Equityholder or the Collateral Manager, as applicable.

Appears in 2 contracts

Sources: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager Administrator (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager Administrator is a party have been duly executed and delivered by the Collateral ManagerAdministrator.

Appears in 2 contracts

Sources: Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Finance Corp)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager Manager (i) has all necessary limited liability company corporate power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company corporate action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 1 contract

Sources: Loan Agreement (Willow Tree Capital Corp)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, this Agreement and (b) carry out the terms of the other Transaction Documents to which it is a party, and (iib) has duly authorized by all necessary limited liability company action, carry out the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.terms

Appears in 1 contract

Sources: Loan and Servicing Agreement (KKR Enhanced US Direct Lending Fund-L Inc.)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (ax) execute and deliver each this Agreement and the other Transaction Document Documents to which it is a party, party and (by) carry out the terms of this Agreement and the other Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, action the execution, delivery and performance of this Agreement and each of the other Transaction Document Documents to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 1 contract

Sources: Loan and Servicing Agreement (Brightwood Capital Corp I)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each Transaction Document to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, the execution, delivery and performance of each Transaction Document to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.. BUSINESS.32224493.6 113 (d)

Appears in 1 contract

Sources: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

Power and Authority; Due Authorization; Execution and Delivery. The Collateral Manager (i) has all necessary limited liability company power, authority and legal right to (a) execute and deliver each this Agreement and the other Transaction Document Documents to which it is a party, and (b) carry out the terms of the Transaction Documents to which it is a party, and (ii) has duly authorized by all necessary limited liability company action, corporate action the execution, delivery and performance of each this Agreement and the other ‑120‑ Transaction Document Documents to which it is a party. This Agreement and each other Transaction Document to which the Collateral Manager is a party have been duly executed and delivered by the Collateral Manager.

Appears in 1 contract

Sources: Loan and Servicing Agreement (MSD Investment Corp.)