Requisite Power and Authorization. Each Borrower has all requisite organizational power to execute and deliver this Agreement and the other Loan Documents and to borrow the Loans provided for in this Agreement. Each Borrower has all material governmental licenses, authorizations, consents, and approvals necessary to own and operate its Assets and to carry on its businesses as now conducted and as proposed to be conducted. The execution, delivery, and performance of this Agreement and the other Loan Documents to which it is a party by FS CREIT have been duly authorized by the board of directors of FS CREIT and all necessary organizational action in respect thereof has been taken, and the execution, delivery, and performance thereof do not require any consent or approval of any other manager or shareholder of FS CREIT that has not been obtained. The execution, delivery, and performance of this Agreement and the other Loan Documents to which it is a party by Finance Holdings have been duly authorized by the member of Finance Holdings and all necessary limited liability company action in respect thereof has been taken, and the execution, delivery, and performance thereof do not require any consent or approval of any other manager or member of Finance Holdings that has not been obtained.
Appears in 3 contracts
Sources: Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.)