Common use of Corporate and Governmental Authorization Clause in Contracts

Corporate and Governmental Authorization. No -------------------------------------------- Contravention. The execution, delivery and performance by each Borrower and the ------------- Parent of this Agreement, the Notes, the Parent Guaranty and the other Loan Documents (i) are within such 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 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 such Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of the Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of such Borrower or any of the Subsidiaries.

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

Corporate and Governmental Authorization. No -------------------------------------------- Contravention. The execution, delivery and performance by each Borrower and the ------------- Parent Borrower of this Agreement, the Notes, the Parent Guaranty and the other Loan Financing Documents (i) are within such the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of of, or filing with, any governmental body, agency or official, official (ivexcept as contemplated by the Inventory Security Agreement) 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 such the Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such the Borrower or any of the Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of such the Borrower or any of its Subsidiaries (except the SubsidiariesSecurity Interests).

Corporate and Governmental Authorization. No -------------------------------------------- Contravention. The execution, delivery and performance by each such Borrower and the ------------- Parent of this Agreement, the Notes, the Parent Guaranty ------------- Agreement and the other Loan Documents (i) its Notes are within the corporate powers of such Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of of, or filing with, any governmental body, agency or official, (iv) 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 such Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of the Subsidiaries, and (v) do not its Subsidiaries or result in the creation or imposition of any Lien on any asset of such Borrower or any of the its Subsidiaries.