Common use of Company and Governmental Authorization, Contravention Clause in Contracts

Company and Governmental Authorization, Contravention. The execution, delivery and performance by the Seller of this Agreement and each other Transaction Document to which it is a party including the use of the proceeds of purchases and reinvestments: (i) are within the Seller’s organizational powers, (ii) have been duly authorized by all necessary organizational action, (iii) require no authorization, approval or other action by or in respect of, and no notice to or filing with (other than the filing of UCC financing statements and continuation statements), any Governmental Authority or other Person, and (iv) do not (A) contravene, or constitute a default under, any provision of (1) applicable law or regulation or (2) the organizational documents of the Seller or (3) any agreement, judgment, award, injunction, order, writ, decree or other instrument binding upon the Seller or (B) result in the creation or imposition of any lien (other than liens in favor of the Administrator under the Transaction Documents) on assets of the Seller. This Agreement and the other Transaction Documents to which the Seller is a party have been duly executed and delivered by the Seller.

Company and Governmental Authorization, Contravention. The execution, delivery and performance by the Seller of this Agreement and each other Transaction Document to which it is a party including the use of the proceeds of purchases and reinvestmentsparty: (i) are within the Seller’s organizational powers, (ii) have been duly authorized by all necessary organizational action, (iii) require no authorization, approval or other action by or in respect of, and no notice to or filing with (other than the filing of UCC financing statements and continuation statementsstatements contemplated hereunder and disclosures and filings under applicable securities laws), any Governmental Authority governmental body, agency or official or other Person, and and, (iv) do not (A) contravene, or constitute a default under, any provision of (1) applicable law or regulation or (2) of the organizational documents operating agreement of the Seller or (3) of any agreement, judgment, awardwrit, injunction, order, writaward, decree or other instrument binding upon the Seller or (B) result in the creation or imposition of any lien (other than liens in favor of the Administrator under the Transaction DocumentsAdministrator) on assets of the Seller. This Agreement and the other Transaction Documents to which the Seller is a party have been duly executed and delivered by the Seller.

Company and Governmental Authorization, Contravention. The execution, delivery and performance by the Seller such Originator of this Agreement and each other Transaction Document to which it is a party including the use of the proceeds of purchases and reinvestmentsparty: (i) are within the Sellersuch Originator’s organizational powers, (ii) have been duly authorized by all necessary organizational action, (iii) require no authorization, approval or other action by or in respect of, and no notice to or filing with (other than the filing of the UCC financing statements and continuation statementsstatements contemplated hereunder and disclosures and filings under applicable securities laws), any Governmental Authority or other Person, and (iv) do not (A) contravene, or constitute a default under, any provision of (1) applicable law or regulation or regulation, (2) the organizational documents of the Seller such Originator or (3) any agreement, judgment, awardwrit, injunction, order, writaward, decree or other instrument binding upon the Seller such Originator or (B) result in the creation or imposition of any lien (other than liens in favor of the Company and the Administrator under the Transaction Documents) on assets of the Sellersuch Originator or any of its Subsidiaries. This Agreement and the other Transaction Documents to which the Seller it is a party have been duly executed and delivered by the Sellersuch Originator.