Power and Authority; Due Authorization. It has duly authorized by all necessary corporate action the execution, delivery and performance of this Agreement.
Power and Authority; Due Authorization. The Borrower # has all necessary power, authority and legal right to # execute and deliver the Borrower Basic Documents, # carry out the terms of the Borrower Basic Documents and # grant the security interest in the Collateral on the terms and conditions herein provided and # has duly authorized by all necessary limited liability company action the execution, delivery and performance of the Borrower Basic Documents and the grant of the security interest in the Collateral on the terms and conditions herein and therein provided.
Power and Authority; Due Authorization. The Servicer # has all necessary power, authority and legal right to # execute and deliver the Servicer Basic Documents and # carry out the terms of the Servicer Basic Documents and # has duly authorized by all necessary corporate action the execution, delivery and performance of the Servicer Basic Documents.
Power and Authority; Due Authorization. It # has all necessary power and authority to execute, deliver and carry out the terms of the Basic Documents to which it is a party and # has duly authorized by all necessary action on its part the execution, delivery and performance of such Basic Documents.
Corporate Power and Authority: Due Authorization. Cahas has all appropriate power and authority to execute and deliver this Agreement and to consummate all the transactions contemplated herein. No other proceedings on the part of Cahas are necessary to approve and authorize the execution and delivety of this Agreement and the consummation of the contemplated transactions. Assuming that this Agreement and each of Cahas’s Transaction Documents constitutes a valid and binding agreement of MTWD, this Agreement and each document generated and executed as a part of the contemplated transactions will constitute, when executed and delivered, a valid and binding agreement of’ Cahast enforceable against Cahas in accordance with its terms, subject to laws of general application in effect affecting creditors’ rights and subject to the exercise of judicial discretion in accordance with general equitable principles.
Due Organization, Authorization; Power and Authority. Co-Borrower is duly existing and in good standing as a Registered Organization in its jurisdiction of formation and is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to have a material adverse effect on Co-Borrowers business. In connection with this Agreement, Co-Borrower has delivered to Bank a completed certificate signed by Co-Borrower, entitled Perfection Certificate (the Perfection Certificate). Co-Borrower represents and warrants to Bank that # Co-Borrowers exact legal name is that indicated on the Perfection Certificate and on the signature page hereof; # Co-Borrower is an organization of the type and is organized in the jurisdiction set forth in the Perfection Certificate; # the Perfection Certificate accurately sets forth Co-Borrowers organizational identification number or accurately states that Co-Borrower has none; # the Perfection Certificate accurately sets forth Co-Borrowers place of business, or, if more than one, its chief executive office as well as Co-Borrowers mailing address (if different than its chief executive office); # Co-Borrower (and each of its predecessors) has not, in the past five (5) years, changed its jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction; and # all other information set forth on the Perfection Certificate pertaining to Co-Borrower and each of its Subsidiaries is accurate and complete (it being understood and agreed that Co-Borrower may from time to time update certain information in the Perfection Certificate after the Effective Date to the extent permitted by one or more specific provisions in this Agreement). If Co-Borrower is not now a Registered Organization but later becomes one, Co-Borrower shall promptly notify Bank of such occurrence and provide Bank with Co-Borrowers organizational identification number.
Due Authorization. The execution, delivery and performance by it of this Amendment and each other Loan Document being executed and delivered in connection with this Amendment to which such Borrower is a party, and the performance by such Borrower of the Amended Agreement, have been duly authorized by all necessary corporate action on its part and do not, and will not, require the consent or approval of its shareholders or members, as the case may be, other than such consents and approvals as have been duly obtained, given or accomplished.
Due Authorization. The Company represents that the issuance of the Preferred Stock, will be in compliance with Utah law and the Articles of Incorporation and Bylaws of the Company. The Preferred Stock shall, as of the Closing Date, have been duly and validly authorized and, upon issuance in accordance with this Agreement, will be duly issued, fully paid and non-assessable and free (and not issued or sold in violation) of statutory and contractual preemptive rights, resale rights, rights of first refusal and similar rights, taxes, claims, liens, charges, encumbrances or other restrictions (other than as provided herein and restrictions under federal and applicable state securities laws). Notwithstanding the foregoing, the Company, YourSpace and the Shareholders each agree that following the Closing, the Company shall file an Amendment to its Articles of Incorporation in order to increase its authorized shares of Common Stock, to allow for the full conversion of its Preferred Stock and for future acquisitions or equity awards.
Due Authorization. Such Party has taken all necessary action on its part to authorize the execution and delivery of this Agreement and the performance of its obligations hereunder.
Due Authorization. has the legal capacity and authority to enter into this Agreement. All actions on s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.