Authority, No Conflict, No Consent Required. Each Loan Party represents and warrants to the Agent and the Lenders that the such Loan Party has the power and legal right and authority to enter into the Amendment Documents and has duly authorized as appropriate the execution and delivery of the Amendment Documents and other agreements and documents executed and delivered by such Loan Party in connection herewith or therewith by proper corporate action, and none of the Amendment Documents nor the agreements contained herein or therein contravenes or constitutes a default under any agreement, instrument or indenture to which such Loan Party is a party or a signatory or a provision of such Loan Party’s Articles of Incorporation, Bylaws or any other agreement or requirement of law, or result in the imposition of any Lien on any of its property under any agreement binding on or applicable to such Loan Party or any of its property except, if any, in favor of the Agent for the benefit of the Lenders. The Loan Parties represent and warrant that no consent, approval or authorization of or registration or declaration with any Person, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Loan Parties of the Amendment Documents or other agreements and documents executed and delivered by the Loan Parties in connection therewith or the performance of obligations of the Loan Parties therein described, except for those which the Loan Parties have obtained or provided and as to which the Loan Parties have delivered certified copies of documents evidencing each such action to the Agent.
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Authority, No Conflict, No Consent Required. Each Loan Party represents and warrants to the Agent and the Lenders that the such Loan Party has the power and legal right and authority to enter into the Amendment Documents and has duly authorized as appropriate the execution and delivery of the Amendment Documents and other agreements and documents executed and delivered by such Loan Party in connection herewith or therewith by proper corporate actioncorporate, and none of the Amendment Documents nor the agreements contained herein or therein contravenes contravene or constitutes constitute a default under any agreement, instrument or indenture to which such Loan Party is a party or a signatory or a provision of such Loan Party’s 's Articles of Incorporation, Bylaws or any other agreement or requirement of law, or result in the imposition of any Lien on any of its property under any agreement binding on or applicable to such Loan Party or any of its property except, if any, in favor of the Agent for the benefit of the Lenders. The Each Loan Parties represent Party represents and warrant warrants that no consent, approval or authorization of or registration or declaration with any Person, including but not limited to any governmental authority, is required in connection with the execution and delivery by the such Loan Parties Party of the Amendment Documents or other agreements and documents executed and delivered by the such Loan Parties Party in connection therewith or the performance of obligations of the such Loan Parties Party therein described, except for those which the such Loan Parties have Party has obtained or provided and as to which the such Loan Parties have Party has delivered certified copies of documents evidencing each such action to the AgentAgent or Lenders.
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Sources: Credit Agreement (Lithia Motors Inc)
Authority, No Conflict, No Consent Required. Each Loan Party The Borrower represents and warrants to the Agent and the Lenders that the such Loan Party Borrower has the power and legal right and authority to enter into the Amendment Documents and has duly authorized as appropriate the execution and delivery of the Amendment Documents and other agreements and documents executed and delivered by such Loan Party the Borrower in connection herewith or therewith by proper corporate action, and none of the Amendment Documents nor the agreements contained herein or therein contravenes or constitutes a default under any agreement, instrument or indenture to which such Loan Party the Borrower is a party or a signatory or a provision of such Loan Party’s the Borrower's Articles of Incorporation, Bylaws or any other agreement or requirement of law, or result in the imposition of any Lien on any of its property under any agreement binding on or applicable to such Loan Party the Borrower or any of its property except, if any, in favor of the Agent for the benefit of the LendersLender. The Loan Parties represent Borrower represents and warrant warrants that no consent, approval or authorization of or registration or declaration with any Person, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Loan Parties Borrower of the Amendment Documents or other agreements and documents executed and delivered by the Loan Parties Borrower in connection therewith or the performance of obligations of the Loan Parties Borrower therein described, except for those which the Loan Parties have Borrower has obtained or provided and as to which the Loan Parties have Borrower has delivered certified copies of documents evidencing each such action to the AgentLender.
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