Common use of Power and Authorization Clause in Contracts

Power and Authorization. The Borrower and the Guarantors are duly authorized and empowered to execute, deliver, and perform under all Loan Documents to which each is a party, in accordance with their respective organizational documents.

Appears in 5 contracts

Sources: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement, Revolving Credit Loan Agreement

Power and Authorization. The Borrower and the Guarantors are each Guarantor is duly authorized and empowered to execute, deliver, and perform its obligations under each Loan Document and all corporate or other action on the part of each of the Borrower and each Guarantor requisite for the due execution, delivery, and performance of each Loan Documents to which each is a party, in accordance with their respective organizational documentsDocument has been duly and effectively taken.

Appears in 5 contracts

Sources: Loan and Security Agreement (Healthy Choice Wellness Corp.), Loan and Security Agreement (Vivakor, Inc.), Loan and Security Agreement (Healthy Choice Wellness Corp.)

Power and Authorization. The Borrower and Guarantor have the Guarantors are duly authorized power and empowered requisite authority, and has taken all action necessary, to execute, deliver, deliver and perform under all the Loan Documents to which each is a party, in accordance with their respective organizational documentsDocuments.

Appears in 4 contracts

Sources: Loan Agreement (Clayton Williams Energy Inc /De), Loan Agreement (Clayton Williams Energy Inc /De), Loan Agreement (Clayton Williams Energy Inc /De)

Power and Authorization. The Borrower and each of the Guarantors Guarantors, as applicable, are duly authorized and empowered to execute, deliver, and perform under all Loan Documents; the board of directors of the Borrower (and each Guarantor, as applicable) has authorized the execution and performance of the Loan Documents; and all other corporate action on Borrower's (and Guarantors') part required for the due execution, delivery, and performance of the Loan Documents to which each is a party, in accordance with their respective organizational documentshas been duly and effectively taken.

Appears in 2 contracts

Sources: Credit Agreement (Cracker Barrel Old Country Store Inc), Credit Agreement (Sofamor Danek Group Inc)

Power and Authorization. The Borrower and the Guarantors Guarantor are each duly authorized and empowered to execute, deliver, deliver and perform under all Loan Documents documents executed by it. All corporate action on the part of the Borrower and Guarantor requisite for the due creation and execution of all documents relating to which each is a party, in accordance with their respective organizational documentsthis Agreement have been duly and effectively taken.

Appears in 1 contract

Sources: Loan Agreement (Karts International Inc)

Power and Authorization. The Borrower, each Guarantor and each of the respective Subsidiaries of the Borrower and the Guarantors are each Guarantor, is duly authorized and empowered to execute, deliver, and perform its obligations under each Loan Document and all corporate or other action on the part of the Borrower, each Guarantor and each of their Subsidiaries requisite for the due execution, delivery, and performance of each Loan Documents to which each is a party, in accordance with their respective organizational documentsDocument has been duly and effectively taken.

Appears in 1 contract

Sources: Loan and Security Agreement (Healthier Choices Management Corp.)