Common use of Requisite Power Clause in Contracts

Requisite Power. The Lender has all requisite corporate or other legal power and all governmental licenses, permits, authorizations, consents and approvals necessary to enter into and perform its obligations under this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Thoratec Laboratories Corp), Credit Agreement (Incontrol Inc)

Requisite Power. The Lender has all requisite corporate or other --------------- legal power and all governmental licenses, permits, authorizations, consents and approvals necessary to enter into and perform its obligations under this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Guidant Corp), Credit Agreement (Incontrol Inc)