Common use of Execution; No Conflicts Clause in Contracts

Execution; No Conflicts. The execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents and the Transactions: (a) have been duly authorized by all requisite corporate actions (including any required shareholder approval) of the Loan Parties required for the lawful execution, delivery and performance thereof; (b) do not and will not violate any provisions of (i) any applicable law, rule or regulation, (ii) any judgment, writ, order, determination, decree or arbitral award of any Governmental Authority or arbitral authority binding on the Borrower or any Restricted Subsidiary or its or any Restricted Subsidiary’s properties, or (iii) the certificate of incorporation, bylaws or other organizational documents of the Borrower or any Restricted Subsidiary, as applicable; (c) do not and will not be in conflict with, result in a breach of, violate, give rise to a right of prepayment under or constitute a default under, any material contract, indenture, agreement or other instrument or document to which the Borrower or any Restricted Subsidiary is a party, or by which the properties or assets of the Borrower or any Restricted Subsidiary are bound; and (d) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan Documents).

Appears in 5 contracts

Sources: Credit Agreement (Encompass Health Corp), Credit Agreement (Encompass Health Corp), Credit Agreement (Healthsouth Corp)

Execution; No Conflicts. The execution, delivery and performance by the Loan Parties Borrower of this Agreement and the other Loan Documents and the Transactions: (ai) have been duly authorized by all requisite corporate actions (including any required shareholder approval) of the Loan Parties Borrower required for the lawful execution, delivery and performance thereof; (bii) do not and will not violate any provisions of (iA) any applicable law, rule or regulation, (iiB) any judgment, writ, order, determination, decree or arbitral award of any Governmental Authority or arbitral authority binding on the Borrower or any Restricted Subsidiary or its or any Restricted Subsidiary’s 's properties, or (iiiC) the certificate of incorporation, bylaws or other organizational documents of the Borrower or any Restricted Subsidiary, as applicableBorrower; (ciii) do not and will not be in conflict with, result in a breach of, violate, give rise to a right of prepayment under or constitute a default under, any material contract, indenture, agreement or other instrument or document to which the Borrower or any Restricted Subsidiary is a party, or by which the properties or assets of the Borrower or any Restricted Subsidiary are bound; and (div) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan Documents).

Appears in 2 contracts

Sources: Credit Agreement (Healthsouth Corp), Term Loan Agreement (Healthsouth Corp)

Execution; No Conflicts. The execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents and the Transactions: (a) have been duly authorized by all requisite corporate actions (including any required shareholder approval) of the Loan Parties required for the lawful execution, delivery and performance thereof; (b) do not and will not violate any provisions of (i) any applicable law, rule or regulation, (ii) any judgment, writ, order, determination, decree or arbitral award of any Governmental Authority or arbitral authority binding on the Borrower or any Restricted Subsidiary or its or any Restricted Subsidiary’s 's properties, or (iii) the certificate of incorporation, bylaws or other organizational documents of the Borrower or any Restricted Subsidiary, as applicable; (c) do not and will not be in conflict with, result in a breach of, violate, give rise to a right of prepayment under or constitute a default under, any material contract, indenture, agreement or other instrument or document to which the Borrower or any Restricted Subsidiary is a party, or by which the properties or assets of the Borrower or any Restricted Subsidiary are bound; and and (d) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan Documents).

Appears in 1 contract

Sources: Credit Agreement (Healthsouth Corp)

Execution; No Conflicts. The execution, delivery and performance by the Loan Parties of this Agreement and the other Interim Loan Documents and the Transactions: (ai) have been duly authorized by all requisite corporate actions (including any required shareholder approval) of the Loan Parties required for the lawful execution, delivery and performance thereof; (bii) do not and will not violate any provisions of (iA) any applicable law, rule or regulation, (iiB) any judgment, writ, order, determination, decree or arbitral award of any Governmental Authority or arbitral authority binding on the Borrower or any Restricted Subsidiary or its or any Restricted Subsidiary’s 's properties, or (iiiC) the certificate of incorporation, bylaws or other organizational documents of the Borrower or any Restricted Subsidiary, as applicable; (ciii) do not and will not be in conflict with, result in a breach of, violate, give rise to a right of prepayment under or constitute a default under, any material contract, indenture, agreement or other instrument or document to which the Borrower or any Restricted Subsidiary is a party, or by which the properties or assets of the Borrower or any Restricted Subsidiary are bound; and (div) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan DocumentsDocuments (as defined in the Credit Agreement)).

Appears in 1 contract

Sources: Interim Loan Agreement (Healthsouth Corp)

Execution; No Conflicts. The execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents and the Transactions: (ai) have been duly authorized by all requisite corporate actions (including any required shareholder approval) of the Loan Parties required for the lawful execution, delivery and performance thereof; (bii) do not and will not violate any provisions of (iA) any applicable law, rule or regulation, (iiB) any judgment, writ, order, determination, decree or arbitral award of any Governmental Authority or arbitral authority binding on the Borrower or any Restricted Subsidiary or its or any Restricted Subsidiary’s 's properties, or (iiiC) the certificate of incorporation, bylaws or other organizational documents of the Borrower or any Restricted Subsidiary, as applicable; (ciii) do not and will not be in conflict with, result in a breach of, violate, give rise to a right of prepayment under or constitute a default under, any material contract, indenture, agreement or other instrument or document to which the Borrower or any Restricted Subsidiary is a party, or by which the properties or assets of the Borrower or any Restricted Subsidiary are bound; and (div) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan Documents).

Appears in 1 contract

Sources: Credit Agreement (Healthsouth Corp)

Execution; No Conflicts. The execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents and the Transactions: (ai) have been duly authorized by all requisite corporate actions (including any required shareholder approval) of the Loan Parties required for the lawful execution, delivery and performance thereof; (bii) do not and will not violate any provisions of (iA) any applicable law, rule or regulation, (iiB) any judgment, writ, order, determination, decree or arbitral award of any Governmental Authority or arbitral authority binding on the Borrower or any Restricted Subsidiary or its or any Restricted Subsidiary’s properties, or (iiiC) the certificate of incorporation, bylaws or other organizational documents of the Borrower or any Restricted Subsidiary, as applicable; (ciii) do not and will not be in conflict with, result in a breach of, violate, give rise to a right of prepayment under or constitute a default under, any material contract, indenture, agreement or other instrument or document to which the Borrower or any Restricted Subsidiary is a party, or by which the properties or assets of the Borrower or any Restricted Subsidiary are bound; and (div) do not and will not result in the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any Restricted Subsidiary (other than the Liens created by the Loan Documents).

Appears in 1 contract

Sources: Credit Agreement (Healthsouth Corp)