Common use of Corporate Authority; No Conflicts Clause in Contracts

Corporate Authority; No Conflicts. The execution and delivery by the Company of this Amendment and the performance of the Company's obligations under this Amendment (i) are within its corporate powers, (ii) are duly authorized by its board of directors and, if necessary, its stockholders, (iii) are not in contravention of the terms of its articles or certificate of incorporation or by-laws or of any indenture, agreement or undertaking to which it is a party or by which it or any of its property is bound, (iv) does not, as of the date hereof, require any consent, registration or approval of any governmental authority, (v) does not contravene any material contractual or governmental restriction binding upon it and (vi) will not result in the imposition of any lien, claim or encumbrance upon any of its property under any existing indenture, mortgage, deed of trust, loan or credit agreement or other material agreement or instrument to which it is a party or by which its property may be bound or affected.

Appears in 2 contracts

Samples: Forbearance Agreement (Mercury Finance Co), Forbearance Agreement (Mercury Finance Co)

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Corporate Authority; No Conflicts. The execution and delivery by the Company of this Amendment Agreement and the performance of the Company's obligations under this Amendment Agreement (i) are within its corporate powers, (ii) are duly authorized by its board of directors and, if necessary, its stockholders, (iii) are not in contravention of the terms of its articles or certificate of incorporation or by-laws or of any indenture, agreement or undertaking to which it is a party or by which it or any of its property is bound, (iv) does not, as of the date hereofEffective Date, require any consent, registration or approval of any governmental authority, (v) does not contravene any material contractual or governmental restriction binding upon it and (vi) will not result in the imposition of any lien, claim or encumbrance upon any of its property under any existing indenture, mortgage, deed of trust, loan or credit agreement or other material agreement or instrument to which it is a party or by which its property may be bound or affected.

Appears in 2 contracts

Samples: Forbearance Agreement (Mercury Finance Co), Forbearance Agreement (Mercury Finance Co)

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Corporate Authority; No Conflicts. The execution and delivery by the Company of this Amendment and the performance of the Company's obligations under this Amendment (i) are within its corporate powers, (ii) are duly authorized by its board of directors and, if necessary, its stockholdersdirectors, (iii) are not in contravention of the terms of its articles or certificate of incorporation or by-laws or of any indenture, agreement or undertaking to which it is a party or by which it or any of its property is bound, (iv) does not, as of the date hereof, require any consent, registration or approval of any governmental authority, (v) does not contravene any material contractual or governmental restriction binding upon it and (vi) will not result in the imposition of any lien, claim or encumbrance upon any of its property under any existing indenture, mortgage, deed of trust, loan or credit agreement or other material agreement or instrument to which it is a party or by which its property may be bound or affected.

Appears in 1 contract

Samples: Forbearance Agreement (Mercury Finance Co)

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