No Violation of Organizational Documents or Agreements Sample Clauses
The "No Violation of Organizational Documents or Agreements" clause serves to confirm that a party’s actions under the contract will not breach its own foundational documents or any existing agreements. In practice, this means the party represents that entering into and performing the contract does not conflict with its articles of incorporation, bylaws, partnership agreements, or other binding commitments. This clause is essential for ensuring that the party has the legal authority to proceed and that the contract will not inadvertently cause a default or legal issue with other obligations, thereby protecting all parties from unintended legal conflicts.
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No Violation of Organizational Documents or Agreements. The execution and delivery of this Agreement by the Owner, and the performance and compliance with the terms of this Agreement by the Owner, will not violate the Owner’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which the Owner is a party or which is applicable to it or any of its assets.
No Violation of Organizational Documents or Agreements. The execution and delivery of this Agreement by the Servicer, and the performance and compliance with the terms of this Agreement by the Servicer, will not violate the Servicer’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which the Servicer is a party or which is applicable to it or any of its assets.
No Violation of Organizational Documents or Agreements. The execution and delivery of this Agreement by the MSR Owner, and the performance and compliance with the terms of this Agreement by the MSR Owner, will not violate the MSR Owner’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which the MSR Owner is a party or which is applicable to it or any of its assets.