Common use of Proper Execution Clause in Contracts

Proper Execution. The execution, delivery and performance of this Agreement by Seller has been duly authorized by all necessary corporate action and does not and will not: (i) require any consent or approval of its stockholders, (ii) contravene its corporate charter or by-laws, (iii) violate any provision of any law, rule, regulations or any order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to it and of which it has notice; or (iv) result in any breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease or instrument to which it is a party or by which it or its properties may be bound or affected.