Common use of Authorization; No Conflicts Clause in Contracts

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and the Loan Parties of each of the Loan Documents to which it is a party, the borrowings hereunder and the Transactions (a) have been duly authorized by all necessary organizational action required to be obtained by the Borrower and the Loan Parties and (b) will not (i) violate any provision of (A) law, statute, rule or regulation or any applicable order of any court or any rule, regulation or order of any Governmental Authority, or (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or any of the Loan Parties or (C) any indenture, lease, agreement or other instrument to which the Borrower or any of the Loan Parties is a party or by which any of them or any of their respective property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this clause (b) could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iii) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the Loan Parties, other than the Liens created or permitted by the Loan Documents.

Appears in 3 contracts

Sources: Credit Agreement (DT Midstream, Inc.), Credit Agreement (DT Midstream, Inc.), Credit Agreement (DT Midstream, Inc.)

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and the Loan Parties of each of the Loan Documents to which it such Loan Party is a party, and the borrowings Borrowings hereunder and the other Transactions (a) have been duly authorized by all necessary organizational corporate, stockholder, limited liability company or partnership action required to be obtained by the Borrower and each of the Loan Parties and Parties; (b) will not (i) violate any provision of (A) any applicable law, statute, rule or regulation binding on the Loan Parties or any applicable order of any court or any rule, regulation or order of any Governmental Authority, their properties or (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower any Loan Party, any applicable order of any court or any rule, regulation or order of any Governmental Authority binding on the Loan Parties or their properties or (C) any indenture, lease, agreement lease or other instrument or agreement to which the Borrower or any of the Loan Parties Party is a party or by which any of them is or any of their respective property is or may be boundbound or any Material Project Level Agreements, or (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement lease or other instrumentinstrument or agreement (including the Material Project Level Agreements), where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this clause (b) could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, ; or (iiic) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the Loan PartiesParty, other than the Liens created or permitted by the Loan DocumentsDocuments and Prior Liens.

Appears in 2 contracts

Sources: Credit Agreement (Potomac Electric Power Co), Credit Agreement (Exelon Generation Co LLC)

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and the Loan Parties of each of the Loan Documents to which it is a party, the borrowings hereunder and the Transactions to occur on the Closing Date (a) have been duly authorized by all necessary organizational action required to be obtained by the Borrower and the Loan Parties and (b) will not (i) violate any provision of (A) law, statute, rule or regulation or any applicable order of any court or any rule, regulation or order of any Governmental Authority, or (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or any of the Loan Parties or (C) any indenture, lease, agreement or other instrument to which the Borrower or any of the Loan Parties is a party or by which any of them or any of their respective property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this clause (b) could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iii) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the Loan Parties, other than the Liens created or permitted by the Loan Documents.

Appears in 1 contract

Sources: Credit Agreement (Equitrans Midstream Corp)

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and the Loan Parties its Subsidiaries of each of the Loan Documents to which it is a party, and the borrowings hereunder and the Transactions (a) have been duly authorized by all necessary organizational corporate, stockholder, limited liability company or partnership action required to be obtained by the Borrower and the Loan Parties or such Subsidiary, as applicable, and (b) will not (iii) violate any provision of (AB) law, statute, rule or regulation or any applicable order of any court or any ruleregulation, regulation or order of any Governmental Authority, or (B) the certificate or articles of incorporation or other constitutive documents or limited liability company agreement or by-laws of the Borrower or such Subsidiary, as applicable, (B) any applicable order of the Loan Parties any court or order of any Governmental Authority or (CB) any indenture, lease, agreement or other instrument to which the Borrower or any of the Loan Parties such Subsidiary, as applicable, is a party or by which any of them it or any of their respective its property is or may be bound, bound or (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause clauses (ii)(A), (C) or and (iiD) of this clause (b) could Section 3.02 would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iiic) will not result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the Loan Partiessuch Subsidiary, as applicable, other than the Liens created or permitted by the Loan Documents. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

Appears in 1 contract

Sources: Credit Agreement (CoreWeave, Inc.)

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and the Loan Parties of each of the Loan Documents to which it such Loan Party is a party, and the borrowings Borrowings hereunder and the other Transactions (a) have been duly authorized by all necessary organizational corporate, stockholder, limited liability company or partnership action required to be obtained by the Borrower and each of the Loan Parties and Parties; (b) will not (i) violate any provision of (A) any applicable law, statute, rule or regulation binding on the Loan Parties or their properties or (B) the certificate or articles of incorporation or other constitutive documents or by- laws of any Loan Party, any applicable order of any court or any rule, regulation or order of any Governmental Authority, or (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or any of Authority binding on the Loan Parties or their properties or (C) any indenture, lease, agreement lease or other instrument or agreement to which the Borrower or any of the Loan Parties Party is a party or by which any of them is or any of their respective property is or may be bound, or (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement lease or other instrumentinstrument or agreement, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this clause (b) could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, ; or (iiic) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the Loan PartiesParty, other than the Liens created or permitted by the Loan DocumentsDocuments and Liens permitted under Section 6.02.

Appears in 1 contract

Sources: Credit Agreement (Exelon Generation Co LLC)

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and the Loan Parties Company of each of the Loan Documents to which it is a party, and the borrowings hereunder and the Transactions (a) have been duly authorized by all necessary organizational corporate, stockholder, limited liability company or partnership action required to be obtained by the Borrower and the Loan Parties Company and (b) will not (i) violate any provision of (A) law, statute, rule or regulation or any applicable order of any court or any rule, regulation or order of any Governmental Authorityregulation, or (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or the Company, any applicable order of the Loan Parties any court or any rule, regulation or order of any Governmental Authority or (C) any indenture, lease, agreement or other instrument to which the Borrower or any of the Loan Parties Company is a party or by which any of them or any of their respective property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this clause (b) ), could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iiic) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the Loan PartiesCompany, other than the Liens created or permitted by the Loan Documents.

Appears in 1 contract

Sources: Credit Agreement (Crestwood Holdings LLC)

Authorization; No Conflicts. The execution, delivery and performance by the Borrower and each of the Loan Parties of each of the Loan Documents to which it is a party, the borrowings hereunder this Waiver and the Transactions Amendment (a) have has been duly authorized by all necessary organizational corporate, stockholder, partnership or limited liability company action required to be obtained by the Borrower and the such Loan Parties and (b) will not (i) violate (A) any provision of (A) law, statute, rule or regulation regulation, or of the certificate or articles of incorporation or other constitutive documents (including any partnership, limited liability company or operating agreements) or by-laws of any such Loan Party, (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority, or (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or any of the Loan Parties Authority or (C) any provision of any indenture, leasecertificate of designation for preferred stock, agreement or other instrument to which the Borrower or any of the such Loan Parties Party is a party or of by which any of them or any of their respective property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or of obligation (including any payment) or to a loss of a material benefit under any such indenture, leasecertificate of designation for preferred stock, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause (i) or (ii) of this clause (b) could ), would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, Effect or (iii) result in the creation or of imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of the such Loan PartiesParty, other than the Liens created or permitted by the Loan DocumentsPermitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Momentive Performance Materials Inc.)