Common use of Proper Authorization Clause in Contracts

Proper Authorization. The execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action and do not and will not (i) require any consent or approval of its stockholders, (ii) violate any provision of any law, rule, regulation, order, writ, judgment, in- junction, decree, determination or award presently in effect having applicability to it or any provision of its charter or by-laws, or (iii) result in a breach of or constitute a default under any material agreement, mortgage, lease, license, permit or other instrument or obligation to which it is a party or by which it or its properties may be bound or affected.

Proper Authorization. The execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action and do not and will not (i) require any consent or approval of its stockholders, (ii) violate any provision of any law, rule, regulation, order, writ, judgment, in- junctioninjunction, decree, determination or award presently in effect having applicability to it or any provision of its charter or byBy-lawsLaws, or (iii) result in a breach of or constitute a default under any material agreement, mortgage, lease, license, permit or other instrument or obligation to which it is a party Party or by which it or its properties may be bound or affected.

Proper Authorization. The execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action and do not and will win not (ia) require any consent or approval of its stockholders, (iib) violate any provision of any law, rule, regulation, order, writ, judgmentjudgement, in- junctioninjunction, decree, determination or award presently in effect having applicability to it or any provision of its charter or by-laws, laws or (iiic) result in a breach of or constitute a default under any material agreement, mortgage, lease, license, permit or other instrument or obligation to which it is a party or by which it or its properties may be bound or affected.