Common use of Authorization; No Conflict Clause in Contracts

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 6 contracts

Sources: Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (Fargo Electronics Inc), Credit Agreement (United Auto Group Inc)

Authorization; No Conflict. Each of the Company Borrower and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company Borrower is duly authorized to borrow monies hereunder hereunder, and each of the Company Borrower and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company Borrower of this Agreement and by each of the Company and Borrower, each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrower hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of applicable law, (ii) the charter, by-laws laws, limited liability company agreement, partnership agreement or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the CompanyBorrower, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 6 contracts

Sources: Credit Agreement (PNG Ventures Inc), Credit Agreement (Earth Biofuels Inc), Credit Agreement (Earth Biofuels Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority Governmental Authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 5 contracts

Sources: Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (Penske Automotive Group, Inc.)

Authorization; No Conflict. (a) Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company each Borrower is duly authorized to borrow monies hereunder under this Agreement, and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. . (b) The execution, delivery delivery, and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereundereach Borrower under this Agreement, do not and will not (ai) require any consent or approval of any governmental agency or authority (other than any consent or approval which that has been obtained and is in full force and effect), ; (bii) conflict with (iA) any provision of law, (iiB) the charter, by-laws or other organizational documents or governing documents of the Company or any other Loan Party Party, or (iiiC) any agreement, indenture, instrument instrument, or other document, or any judgment, order order, or decree, which that is binding upon the Company or any other Loan Party or any of their respective properties properties; or (ciii) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

Appears in 4 contracts

Sources: Credit Agreement (Quest Resource Holding Corp), Credit Agreement (Quest Resource Holding Corp), Credit Agreement (Quest Resource Holding Corp)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder under this Agreement and each of the Company and each other Loan Party is and will continue to be duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunderunder this Agreement, do not and will not (ai) require any consent or approval of any governmental agency or authority (other than any consent or approval which that has not been obtained and is in full force and effect), or (bii) conflict with (ia) any provision of law, (iib) the charter, articles of incorporation or by-laws or other organizational documents of the Company or any other Loan Party or Party, (iiic) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is document binding upon the Company or any other Loan Party or any of their respective properties or assets or (cd) any court or administrative order or decree applicable to the Company, and do not and will not require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary Company or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents)Party.

Appears in 3 contracts

Sources: Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp)

Authorization; No Conflict. Each of the Borrower, the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company Borrower is duly authorized to borrow monies hereunder and each of the Borrower, the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by each of the Borrower and the Company of this Agreement and by each of the Borrower, the Company and each other Loan Party of each other Loan Document to which it is a party, and the borrowings by the Company Borrower hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Borrower, the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Borrower, the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Borrower, the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 2 contracts

Sources: Credit Agreement (Carmax Inc), Credit Agreement (Carmax Inc)

Authorization; No Conflict. Each of the Company (a) The execution, delivery and performance by each other Loan Party is duly authorized to execute and deliver of each Loan Document to which it is a party, the Company is party has been duly authorized to borrow monies hereunder by all necessary action on the part of each Loan Party that is party thereto and each of the Company such Loan Document has been duly executed and delivered by each other such Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The party thereto and (b) the execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (ai) require any consent or approval of of, filing with or notice to, any governmental agency Governmental Authority or authority any other Person (other than any consent or approval which has been obtained and or filing or notice which has been made, and, in each case, which is in full force and effect), (bii) conflict with (iA) any provision of lawLaw, (iiB) the charter, by-laws or other organizational documents of the Company or any other Loan Party Subsidiary or (iiiC) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or Company, any other Loan Party Subsidiary or any of their respective properties properties, except with respect to clauses (A) or (cC) to the extent such conflict would not have a Material Adverse Effect or (iii) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor the creation or imposition of the Agent created any Lien pursuant to the Collateral Security Documents).

Appears in 2 contracts

Sources: Credit Agreement (Bright Health Group Inc.), Credit Agreement (Bright Health Group Inc.)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not not: (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with with: (i) any provision of law, (ii) the charter, by-laws bylaws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral DocumentsDocuments and, prior to the Refinancing Trigger Date and in no event thereafter, Liens securing only the Pari Passu Debt).

Appears in 2 contracts

Sources: Credit Agreement (Energy West Inc), Credit Agreement (Energy West Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).or

Appears in 2 contracts

Sources: Credit Agreement (Nashua Corp), Credit Agreement (Nashua Corp)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, execution and delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the performance by the Company and each other Loan Party of its respective obligations hereunder and thereunder, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Cupertino Electric Inc)

Authorization; No Conflict. Each of the Company Companies and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, each of the Company Companies is duly authorized to borrow monies hereunder and each of the Company Companies and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by each of the Company Companies of this Agreement and by each of the Company Companies and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Companies hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company Companies or any other Loan Party or (iii) any material agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon any of the Company Companies or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of any of the CompanyCompanies, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Compudyne Corp)

Authorization; No Conflict. Each of the Company Borrower and each other Loan Party is duly authorized to execute and deliver each Loan Document and each Related Agreement to which it is a party, the Company Borrower is duly authorized to borrow monies hereunder hereunder, and each of the Company Borrower and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company Borrower of this Agreement and by each of the Company Borrower and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrower hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of applicable law, (ii) the charter, by-laws or other organizational documents of the Company Borrower or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company Borrower or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the CompanyBorrower, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent Lender created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Compass Diversified Trust)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which that has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which that is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Lithia Motors Inc)

Authorization; No Conflict. Each of the The Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company each Borrower is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company each Borrower hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect, except such as would not have and reasonably could not be expected to have a Material Adverse Effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any material agreement, indenture, instrument or other material document, or any judgment, order or decree, which is binding upon the Company or Company, any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary Company or any other Loan Party (other than Permitted Liens and Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document and each Related Agreement to which it is a party, the Company each Borrower is duly authorized to borrow monies hereunder hereunder, and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company each Borrower of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrowers hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of applicable law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Rosetta Stone Inc)

Authorization; No Conflict. Each of the Company Borrower and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company Borrower is duly authorized to borrow monies hereunder hereunder, and each of the Company Borrower and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company Borrower of this Agreement and by each of the Company and Borrower, each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrower hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of applicable law, (ii) the charter, by-laws laws, limited liability company agreement, partnership agreement or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the CompanyBorrower, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (PNG Ventures Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).is

Appears in 1 contract

Sources: Credit Agreement (United Auto Group Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized has the corporate power and corporate authority to execute and deliver each Loan Document to which it is a party, Borrowers have the Company is duly authorized corporate power and corporate authority to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrowers hereunder, have been duly authorized by all requisite corporate action and do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties properties, except with respect to this clause (iii), where such conflict could not reasonably be expected to have a Material Adverse Effect or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Roadrunner Transportation Services Holdings, Inc.)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, each Loan Document to which any Loan Party is a party has been executed on behalf of such Loan Party by a legally competent Person duly authorized to do so, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not not (a) require any consent or approval of of, filing with or notice to, any governmental agency Governmental Authority or authority any other Person (other than any consent or approval which has been obtained and or filing or notice which has been made, and, in each case, which is in full force and effect), (b) conflict with (i) any provision of lawLaw, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents)Party.

Appears in 1 contract

Sources: Credit Agreement (Centene Corp)

Authorization; No Conflict. Each of the The Company and each other Loan Party is -------------------------- duly authorized to execute and deliver each Loan Document to which it is a party, ; the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent Lender created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (College Television Network Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is has duly authorized to execute authorized, executed and deliver delivered each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Operative Document to which it is a party, and neither such Loan Party’s execution and delivery thereof nor its consummation of the borrowings by transactions contemplated thereby nor its compliance with the Company hereunder, do not and will not terms thereof (a) require any consent conflicts with or approval of any governmental agency constitutes a material default under or authority (other than any consent or approval which has been obtained and is results in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents a material violation of the Company provisions of the Organizational Documents or any other Loan Party Legal Requirement applicable to or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other on such Loan Party or any of their respective its properties or on the Collateral; (b) constitutes a material default under or results in a material violation of the provisions of any Material Equipment Document or any indenture, mortgage, deed of trust, or agreement or other instrument to which such Loan Party is a party or by which it or any of its properties or assets is or may be bound or affected; or (c) require, results in or result in, requires the creation or imposition of (or the obligation to create or impose) any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens Permitted Liens) upon any of its property or assets under, or result in favor the acceleration of, any obligation. The execution, delivery and performance by each Loan Party of each Operative Document to which it is a party does not require the Agent created pursuant to the Collateral Documents)approval or consent of any holder or trustee of any Debt or other obligations of such Loan Party which has not been obtained.

Appears in 1 contract

Sources: Equipment Supply Loan Financing Agreement (Fermi Inc.)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent Bank created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (First Reserve Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company each Borrower is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company Borrowers of this Agreement and by each of the Company Borrower and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrowers hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company a Borrower or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company a Borrower or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Companya Borrower, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents)Party.

Appears in 1 contract

Sources: Credit Agreement (Navigant Consulting Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party has all requisite power and authority and is duly authorized to execute and deliver each Loan Document to which it is a party, the each Company has all requisite power and authority and is duly authorized to borrow monies and obtain other extensions of credit hereunder and each of the Company and each other Loan Party has all requisite power and authority and is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by and other extensions of credit to the Company Companies (or any of them) hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of applicable law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or Party, (iii) any material agreement, indenture, instrument or other document, or (iv) any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Uti Worldwide Inc)

Authorization; No Conflict. Each of the Company All necessary and appropriate action has been taken by each Loan Party in order to, and each other Loan Party has full power, right and authority, and is duly authorized authorized, to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder party and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party, and Borrowers are duly authorized to borrow monies hereunder. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrowers hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority 3193012v9/28370-0031 (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws laws, operating agreement, partnership agreement or other organizational documents of the Company or any other Loan Party and any Subsidiary thereof or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective Subsidiaries or properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent Lender created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Loan and Security Agreement (Pernix Group, Inc.)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, each Loan Document to which any Loan Party is a party has been executed on behalf of such Loan Party by a legally competent Person duly authorized to do so, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of of, filing with or notice to, any governmental agency Governmental Authority or authority any other Person (other than any consent or approval which has been obtained and or filing or notice which has been made, and, in each case, which is in full force and effect), (b) conflict with (i) any provision of lawLaw, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents)Party.

Appears in 1 contract

Sources: Credit Agreement (Centene Corp)

Authorization; No Conflict. Each of the Company and each other Loan -------------------------- Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent Bank created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (World Fuel Services Corp)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the 37 borrowings by the Company hereunder, do not and will not not: (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with with: (i) any provision of law, (ii) the charter, by-laws bylaws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral DocumentsDocuments and Liens securing only the Pari Passu Debt which is otherwise expressly permitted hereunder).

Appears in 1 contract

Sources: Credit Agreement (Energy West Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, each of the Company and ASG is duly authorized to borrow monies hereunder and each of the Company and each other Loan Party is duly authorized to perform its obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company and ASG of this Agreement and by each of the Company and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company and ASG hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (Asg Sub Inc)

Authorization; No Conflict. Each of the Company and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company Borrower is duly authorized to borrow monies hereunder hereunder, and each of the Company and each other Loan Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company Borrower of this Agreement and by each of the Company Borrower and each other Loan Party of each Loan Document to which it is a party, and the borrowings by the Company Borrower hereunder, have been duly authorized by all necessary organizational action and do not and will not (a) require any consent or approval of any governmental agency or authority Governmental Authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of lawapplicable law in any material respect, (ii) the charter, by-laws or other organizational documents of the Company or any other such Loan Party Party, or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, Material Contract to which is binding upon the Company or any other such Loan Party or any is a party, except, in the case of their respective properties this clause (iii), as would not reasonably be expected to have a Material Adverse Effect or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Party (other than Liens in favor of the Agent created pursuant to the Collateral DocumentsPermitted Liens).

Appears in 1 contract

Sources: Loan and Security Agreement (Microvast Holdings, Inc.)

Authorization; No Conflict. Each of the Company and each other Loan Transaction Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company Borrower is duly authorized to borrow monies hereunder and each of the Company and each other Loan Transaction Party is duly authorized to perform its obligations Obligations under each Loan Document to which it is a party. The execution, delivery and performance by the Company of this Agreement and by each of the Company and each other Loan Transaction Party of each Loan Document to which it is a party, and the borrowings by the Company Borrower hereunder, do not and will not (a) require any consent or approval approval, including permits and/or licenses of any governmental agency or authority (other than any consent consent, approval, license or approval permit which has been obtained and is in full force and effecteffect or any license or permit, the failure of which to obtain could not reasonably be expected to have a Material Adverse Effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of the Company or any other Loan Transaction Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon the Company or any other Loan Transaction Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of the Company, any Subsidiary or any other Loan Transaction Party (other than Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

Appears in 1 contract

Sources: Credit Agreement (American Railcar Industries, Inc.)