Common use of Corporate and Governmental Authorization; Contravention Clause in Contracts

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's corporate powers, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Agency and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 8 contracts

Samples: Credit Agreement (Park Place Entertainment Corp), Term Credit Agreement (Park Place Entertainment Corp), Term Credit Agreement (Park Place Entertainment Corp)

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Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's corporate powers, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Agency governmental body, agency or official and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or 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: Five Year Credit Agreement (Commercial Credit Co), Credit Agreement (Hilton Hotels Corp)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower of this Agreement Agreement, the Note and the Notes other Loan Documents (i) are within the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any Governmental Agency and governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any 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 (Bull Run Corp), Credit Agreement (Bull Run Corp)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's ’s corporate powers, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Agency and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or 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: Short Term Credit Agreement (Park Place Entertainment Corp), Credit Agreement (Park Place Entertainment Corp)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower of this Agreement Agreement, the Note and the Notes other Loan Documents (a) are within the Borrower's corporate powers, (b) have been duly authorized by all necessary corporate action, (c) require no action by or in respect of, or filing with, any Governmental Agency and governmental body, agency or official, (d) do not contravene, or constitute a default under, any provision of applicable law or regulation Applicable Law or of the certificate of incorporation or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries, and (e) 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 (Belk Inc), Credit Agreement (Belk Inc)

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Corporate and Governmental Authorization; Contravention. (a) The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's corporate company powers, have been duly authorized by all necessary corporate company action, require no action by or in respect of, or filing with, any Governmental Agency governmental body, agency or official and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws Conversion and Operating Agreement of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or result in the creation or imposition of any Lien on any asset of the Borrower or any of its SubsidiariesBorrower.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower of this Agreement and the Notes are within the Borrower's its corporate powers, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Agency governmental body, agency or official and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or 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: Bridge Loan Agreement (Pentair Inc)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the Borrower Borrowers of this Agreement and the Notes are within the Borrower's their respective corporate or other powers, have been duly authorized by all necessary corporate or other organizational action, require no action by or in respect of, or filing with, any Governmental Agency governmental body, agency or official and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws or other organizational documents of the any Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the any Borrower or result in the creation or imposition of any Lien on any asset of the Borrower Company or any of its SubsidiariesSubsidiaries (including any Borrower).

Appears in 1 contract

Samples: Credit Agreement (Pentair Inc)

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