Common use of Contravention Clause in Contracts

Contravention. The execution, delivery and performance by the Borrower of this ------------- Agreement, the Notes and the other Loan Documents (i) are within the Borrower's powers as a corporation or limited liability company, as the case may be, (ii) have been duly authorized by all necessary organizational action, (iii) require no action by or in respect of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the Borrower's organizational documents or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Global Payments Inc), Credit Agreement (National Data Corp)

AutoNDA by SimpleDocs

Contravention. The execution, delivery and performance by the Borrower of this ------------- Agreement, the Notes and the other Loan Documents to which it is a party (i) are within the Borrower's powers as a corporation or limited liability company, as the case may beits corporate powers, (ii) have been duly authorized by all necessary organizational corporate action, (iii) require no action by or in respect of or filing with, any governmental body, agency or officialofficial (other than routine filings with the Securities and Exchange Commission), (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the Borrower's organizational documents certificate of incorporation or by-laws of the Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

AutoNDA by SimpleDocs

Contravention. The execution, delivery and performance by the Borrower of this ------------- Agreement, the Notes and the other Loan Documents (i) are within the Borrower's powers as a corporation or limited liability company, as the case may becorporate powers, (ii) have been duly authorized by all necessary organizational corporate action, (iii) require no action by or in respect of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the Borrower's organizational documents certificate of incorporation or by-laws of the Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.