Common use of Powers and authority Clause in Contracts

Powers and authority. it has the corporate power and authority to enter into and perform its obligations under the Transaction Documents and has taken all necessary corporate and other action required to authorise the execution, delivery and performance of the Transaction Documents;

Powers and authority. it has the corporate power and authority to enter into execute, deliver and perform its obligations under the Transaction Financing Documents and has taken to carry out the transactions contemplated by those documents and all necessary corporate corporate, shareholder and other action required has been taken to authorise the execution, delivery and performance of the Transaction Documentssame;