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

Power and Authority; Due Authorization. It (i) has all necessary power, authority and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of this Agreement and (ii) has taken all necessary action to authorize its execution, delivery and performance of this Agreement.

Appears in 21 contracts

Sources: Certificate Purchase Agreement (Harley-Davidson Motorcycle Trust 2021-B), Certificate Purchase Agreement (Harley-Davidson Motorcycle Trust 2023-B), Certificate Purchase Agreement (Harley Davidson Motorcycle Trust 2025-A)

Power and Authority; Due Authorization. It It (i) has all necessary powerpower and authority to execute, authority deliver and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of this Agreement the Basic Documents to which it is a party and (ii) has taken duly authorized by all necessary action to authorize on its part the execution, delivery and performance of this Agreementsuch Basic Documents.

Appears in 21 contracts

Sources: Credit Agreement (World Acceptance Corp), Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Power and Authority; Due Authorization. It (i) has all necessary powerpower and authority to execute, authority deliver and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of this Agreement the Basic Documents to which it is a party and (ii) has taken duly authorized by all necessary action to authorize on its part the execution, delivery and performance of this Agreementsuch Basic Documents.

Appears in 11 contracts

Sources: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Power and Authority; Due Authorization. It It has (i) has all necessary power, authority and legal right to (A) execute execute, deliver and deliver perform its obligations under this Agreement and (B) carry out the terms of this Agreement Guarantee and (ii) has taken duly authorized by all necessary organizational action to authorize its such execution, delivery and performance of this AgreementGuarantee.

Appears in 7 contracts

Sources: Guarantee (Frontier Group Holdings, Inc.), Guarantee (Frontier Group Holdings, Inc.), Guarantee (Frontier Group Holdings, Inc.)

Power and Authority; Due Authorization. It (i) has all necessary power, power and authority and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of and perform its obligations under this Agreement Agreement, and (ii) has taken duly authorized by all necessary action to authorize its corporate, partnership or limited liability company action, as applicable, the execution, delivery and performance of this Agreement.

Appears in 4 contracts

Sources: Master Lease Agreement (SPRINT Corp), Master Lease Agreement (SPRINT Corp), Master Lease Agreement (SPRINT Corp)

Power and Authority; Due Authorization. It Except as expressly provided in this Agreement, it has (ior will have, at the relevant time) has all necessary powerrequisite corporate or other power and authority to enter into, authority and legal right to (A) execute execute, and deliver this Agreement and (B) carry out to effectuate the terms of Restructuring contemplated by, and perform its respective obligations under, this Agreement Agreement, and (ii) has taken all necessary action to authorize its the execution, delivery and performance of this AgreementAgreement by it have been duly authorized by all necessary corporate or other similar action.

Appears in 3 contracts

Sources: Restructuring Support Agreement, Restructuring Support Agreement (Aegean Marine Petroleum Network Inc.), Restructuring Support Agreement (Aegean Marine Petroleum Network Inc.)

Power and Authority; Due Authorization. It (i) has all necessary power, power and authority and legal right to (A) execute and deliver this Agreement Amendment and (B) carry out the terms of this Agreement and perform its obligations hereunder and (ii) has taken duly authorized by all necessary action to authorize its corporate or limited liability company action, as applicable, the execution, delivery and performance of this AgreementAmendment.

Appears in 2 contracts

Sources: Second Step Transfer Agreement (SPRINT Corp), Second Step Transfer Agreement (SPRINT Corp)

Power and Authority; Due Authorization. ItIt has (i) has all necessary power, authority and legal right to (A) execute execute, deliver and deliver perform its obligations under this Agreement and (B) carry out the terms of this Agreement Guarantee and (ii) has taken duly authorized by all necessary organizational action to authorize its such execution, delivery and performance of this AgreementGuarantee.

Appears in 2 contracts

Sources: Guarantee (Frontier Group Holdings, Inc.), Guarantee (Frontier Group Holdings, Inc.)

Power and Authority; Due Authorization. It It (i) has all necessary power, corporate power and authority and legal right to (A) execute and deliver this Agreement and the other Transaction Agreements to which it is a party and (B) carry out the terms of and perform its obligations under this Agreement and the other Transaction Agreements applicable to it and (ii) has taken duly authorized by all necessary corporate action to authorize its the execution, delivery and performance of this AgreementAgreement and the other Transaction Agreements to which it is a party.

Appears in 2 contracts

Sources: Guaranty (OUTFRONT Media Inc.), Guaranty (OUTFRONT Media Inc.)

Power and Authority; Due Authorization. It It has (i) has all necessary corporate power, authority and legal right to (A) execute execute, deliver and deliver perform its obligations under this Agreement and (B) carry out the terms of this Agreement each other Transaction Document to which it is a party in its capacity as Servicer and (ii) has taken duly authorized by all necessary corporate action to authorize its such execution, delivery and performance of this AgreementAgreement and such other Transaction Documents.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Fruit of the Loom Inc /De/)

Power and Authority; Due Authorization. It (i) has all necessary power, power and authority and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of and perform its obligations under this Agreement and Agreement, (ii) has taken duly authorized by all necessary action to authorize its corporate, partnership or limited liability company action, as applicable, the execution, delivery and performance of this Agreement, and (iii) has duly authorized, executed and delivered this Agreement.

Appears in 1 contract

Sources: Sale Agreement (SPRINT Corp)

Power and Authority; Due Authorization. It (i) has all necessary power, power and authority and legal right to (A) execute and deliver this Agreement Amendment and (B) carry out the terms of this Agreement and perform its obligations hereunder and (ii) has taken duly authorized by all necessary action to authorize its corporate, partnership or limited liability company action, as applicable, the execution, delivery and performance of this AgreementAmendment.

Appears in 1 contract

Sources: First Step Transfer Agreement (SPRINT Corp)

Power and Authority; Due Authorization. It It (i) has all necessary power, power and authority and legal right to (A) execute and deliver this Agreement and (B) carry out the terms of and perform its obligations under this Agreement Agreement, and (ii) has taken duly authorized by all necessary action to authorize its corporate, partnership or limited liability company action, as applicable, the execution, delivery and performance of this Agreement.

Appears in 1 contract

Sources: Master Lease Agreement

Power and Authority; Due Authorization. It (i) has all necessary power, power and authority and legal right to (A) execute and deliver this Agreement and each Equipment Lease and (B) carry out the terms of and perform its obligations under this Agreement and each Equipment Lease, and (ii) has taken duly authorized by all necessary action to authorize its corporate, partnership or limited liability company action, as applicable, the execution, delivery and performance of this AgreementAgreement and each Equipment Lease.

Appears in 1 contract

Sources: Master Lease Agreement (SPRINT Corp)