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.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (CMS Energy Corp), Term Loan Credit Agreement (CMS Energy Corp), Term Loan Credit Agreement (CMS Energy Corp)

AutoNDA by SimpleDocs

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.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Consumers Energy Co), Term Loan Credit 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 '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 propertiesproperties (except the lien in favor of the Agent pursuant to the Inventory Security Agreement and the lien of the Indenture securing the Bonds).

Appears in 1 contract

Samples: Term Loan 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 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 propertiesproperties (except the Lien of the Indenture securing the Bonds).

Appears in 1 contract

Samples: Term Loan Credit Agreement (CMS Energy Corp)

AutoNDA by SimpleDocs

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 propertiesproperties (except any Lien in favor of the Agent on the Facility LC Collateral Account or any funds therein).

Appears in 1 contract

Samples: Revolving Credit Agreement (Consumers Energy Co)

Time is Money Join Law Insider Premium to draft better contracts faster.