Common use of Corporate and Governmental Authorization Clause in Contracts

Corporate and Governmental Authorization. No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such 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 Authority and do not contravene, or constitute a default under, any provision of applicable Law or of the Organization Documents of such Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries.

Appears in 3 contracts

Samples: Five Year Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp)

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Corporate and Governmental Authorization. No Contravention. The execution, delivery and performance by such Borrower of this Agreement by the Borrower and each other Loan Document the transactions contemplated hereby are within such the Borrower's corporate powerspower, have been duly authorized by all necessary corporate actionactions, require no action by or in respect of, or filing with, any Governmental Authority governmental body, agency or official and do not contravene, or constitute a default under, any provision of applicable Law law or regulation or of the Organization Documents Certificate of such Incorporation of the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiariesthe Borrower.

Appears in 2 contracts

Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (North American Security Life Insurance Co)

Corporate and Governmental Authorization. No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such 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 Authority and do not contravene, or constitute a default under, any provision of applicable Law or of the Organization Documents of such Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Assignment and Assumption (Toyota Motor Credit Corp)

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Corporate and Governmental Authorization. No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower's corporate powers, have been 33 duly authorized by all necessary corporate action, require no action by or in respect of, or filing with, any Governmental Authority and do not contravene, or constitute a default under, any provision of applicable Law or of the Organization Documents of such Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Day Credit Agreement (Toyota Motor Credit Corp)

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