Common use of Authorisation; No Contravention Clause in Contracts

Authorisation; No Contravention. The execution, delivery and performance by each Purchaser of this Agreement and each of the other Transaction Documents to which it is a party and the Contemplated Transactions, (i) have been duly authorized by all necessary action of such Purchaser, (ii) do not contravene the terms of any Organizational Document of such Purchaser, (iii) do not violate, conflict with or result in any breach or contravention of (or with due notice or lapse of time or both would result in any breach, default or contravention of), or the creation of any Encumbrance under, any Contract of such Purchaser, or any Law applicable to such Purchaser, and (iv) do not violate any Orders against, or binding upon, such Purchaser. Neither Purchaser is party to, nor bound by, any agreement that is currently in effect, granting rights to any Person which are inconsistent with the rights to be granted by the Purchasers in this Agreement or the other Transaction Documents.

Authorisation; No Contravention. The execution, delivery and performance by each Purchaser of this Agreement and each of the other Transaction Documents to which it is a party and the Contemplated Transactions, (i) have been duly authorized by all necessary action of such Purchaser, (ii) do not contravene the terms of any Organizational Document of such Purchaser, (iii) do not violate, conflict with or result in any breach or contravention of (or with due notice or lapse of time or both would result in any breach, default or contravention of), or the creation of any Encumbrance under, any Contract of such Purchaser, or any Law applicable to such Purchaser, and (iv) do not violate any Orders against, or binding upon, such Purchaser. Neither Purchaser is party to, nor bound by, any agreement that is currently in effect, granting rights to any Person which are inconsistent with the rights to be granted by the Purchasers in this Agreement or the other Transaction Documents.. 35