Common use of Corporate Power and Authority; No Conflicts Clause in Contracts

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by the Company of the Credit Documents are within the Company’s corporate powers, have been duly authorized by all necessary corporate action and do not (i) violate the Company’s charter, bylaws or any applicable law, or (ii) breach or result in an event of default under any indenture or material agreement, and do not result in or require the creation of any Lien upon or with respect to any of its properties (except the Lien of the Indenture securing the Bonds and any Lien in favor of the Agent on the Facility LC Collateral Account or any funds therein).

Appears in 11 contracts

Samples: Revolving Credit Agreement (CMS Energy Corp), Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (Consumers Energy Co)

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Corporate Power and Authority; No Conflicts. The execution, delivery and performance by the Company of the Credit Documents are within the Company’s corporate powers, have been duly authorized by all necessary corporate action and do not (i) violate the Company’s charter, bylaws or any applicable law, or (ii) breach or result in an event of default under any indenture or material agreement, and do not result in or require the creation of any Lien upon or with respect to any of its properties (except the Lien of Liens on the Indenture securing Collateral created under the Bonds Collateral Documents and any Lien in favor of the Agent on the Facility LC Collateral Account or any funds therein).

Appears in 3 contracts

Samples: Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (CMS Energy Corp)

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by the Company of the Credit Transaction Documents are within the Company’s corporate powers, have been duly authorized by all necessary corporate action and do not (ia) violate the Company’s charter, bylaws or any applicable law, or (iib) breach or result in an event of default under any indenture or material agreement, and do not result in or require the creation of any Lien upon or with respect to any of its properties (except the Lien of the Indenture securing the Bonds and any Lien in favor of the Agent Bank on the Facility LC Collateral Account or any funds therein).

Appears in 2 contracts

Samples: Letter of Credit Reimbursement Agreement (CMS Energy Corp), Credit Reimbursement Agreement (CMS Energy Corp)

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by the Company of the Credit Documents are within the Company’s corporate powers, have been duly authorized by all necessary corporate action and do not (i) violate the Company’s charterarticles of incorporation, bylaws or any applicable law, or (ii) breach or result in an event of default under any indenture or material agreement, and do not result in or require the creation of any Lien upon or with respect to any of its properties (except the Lien of the Indenture securing the Bonds and any Lien in favor of the Agent on the Facility LC Collateral Account or any funds therein).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (Consumers Energy Co)

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Corporate Power and Authority; No Conflicts. The execution, delivery and performance by the Company of the Credit Documents are within the Company’s 's corporate powers, have been duly authorized by all necessary corporate action and do not (i) violate the Company’s 's charter, bylaws or any applicable law, or (ii) breach or result in an event of default under any indenture or material agreement, and do not result in or require the creation of any Lien upon or with respect to any of its properties (except the Lien of the Indenture securing the Bonds and any Lien in favor of the Agent on the Facility LC Collateral Account or any funds therein).

Appears in 1 contract

Samples: Credit Agreement (Consumers Energy Co)

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by the Company of the Credit Documents are within the Company’s 's corporate powers, have been duly authorized by all necessary corporate action and do not (i) violate the Company’s 's charter, bylaws or any applicable law, or (ii) breach or result in an event of default under any indenture or material agreement, and do not result in or require the creation of any Lien upon or with respect to any of its properties (except the Lien lien of the Indenture securing the Bonds and any Lien in favor of the Agent on the Facility LC Collateral Account or any funds therein).

Appears in 1 contract

Samples: Credit Agreement (CMS Energy Corp)

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