Common use of Corporate Power; Authorization; Enforceable Obligations Clause in Contracts

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 9 contracts

Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.)

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Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party The Borrower has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, and to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, and (ii) the filings referred to in Section 3.19 and (iii) consents, authorizations, filings or notices and filings which the failure to make or obtain which, if not obtained, could not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been, and each other Loan Document has been upon execution will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party theretothe Borrower, enforceable against each such Loan Party the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 8 contracts

Samples: Term Loan Credit Agreement (NorthWestern Energy Group, Inc.), Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has the corporate or business trust other power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party The Borrower has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, and to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.45.3, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) effect and except to the filings referred extent failure to in Section 3.19 and (iii) obtain any consents, authorizations, filings, and notices and filings which could not, in the failure to make or obtain could not aggregate, reasonably be expected to have a Material Adverse Effect. Each Loan Document to which the Borrower is a party has been duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutes, and each other Loan Document to which the Borrower is a party upon execution will constitute, a legal, valid and binding obligation of each Loan Party party theretothe Borrower, enforceable against each such Loan Party the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws Laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 7 contracts

Samples: Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (Symetra Financial CORP), Credit Agreement (White Mountains Insurance Group LTD)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the filings referred to in Section 3.19 Liens created by the Security Documents, and (iiic) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 7 contracts

Samples: Credit Agreement (Core & Main, Inc.), Credit Agreement (Core & Main, Inc.), Abl Credit Agreement (Core & Main, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party party, to consummate the Transactions (to the extent applicable) and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person (each, a “Filing”) is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices Filings described in Schedule 3.44.4, which consents, authorizations, filings and notices Filings have been obtained or made and are in full force and effect, (ii) the filings Filings referred to in Section 3.19 4.19 and any other Filing contemplated by this Agreement or any other Loan Document and (iii) consents, notices and filings which any antitrust Filings required to be made to foreclose on the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectCollateral. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 6 contracts

Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Holdings, Inc.), Credit Agreement (Cinemark Usa Inc /Tx)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate corporate, company or business trust partnership power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action corporate, company or partnership or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) such consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices as shall have been obtained or made and are in full force and effect, (ii) routine filings to be made after the Restatement Effective Date in the ordinary course of business (e.g., good standing filings), (iii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect3.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party theretothereto and (iv) in the case of a UK Relevant Entity, any registrations that may be required under Section 860 Companies Act 2006 (which registrations shall be carried out by the Administrative Agent or its counsel). This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 6 contracts

Samples: Credit Agreement (LKQ Corp), Credit Agreement (LKQ Corp), Credit Agreement (LKQ Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, the Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case Letter of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsCredit Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Restricted Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 6 contracts

Samples: Credit Agreement (US Foods Holding Corp.), Credit Agreement (US Foods Holding Corp.), Abl Credit Agreement (US Foods Holding Corp.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate borrow hereunder in accordance with the Transactions terms and to borrow and obtain other extensions of credit hereunderconditions hereof. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.04, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 4.18 and filings required under the Exchange Act in respect of the transactions contemplated hereby and (iii) consents, authorizations, filings and notices and filings which the failure of which to make or obtain could not individually or in the aggregate reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constituteconstitute (in each case, assuming due execution by the parties other than the Loan Parties party thereto), a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and (ii) the effect of foreign laws, rules and regulations as they relate to pledges of Capital Stock in Foreign Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Harsco Corp), Credit Agreement (Harsco Corp), Credit Agreement (Harsco Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate (or business trust equivalent) power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and to consummate the Transactions and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action (or other organizational equivalent) action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and the consummation of the Transactions and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained by any Loan Party in connection with the consummation of the Transactions, Transactions and the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.46.4 and Schedule 6.19(b), which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 Schedule 6.19(a)-1 and Schedule 6.19(a)-3 or (iii) those approvals, consents, exemptions, authorizations or other actions, notices and filings which or filings, the failure of which to obtain or make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 5 contracts

Samples: Credit Agreement (Six Flags Entertainment Corp), Credit Agreement (Six Flags Entertainment Corp), Credit Agreement (Six Flags Entertainment Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents and Notes to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of the other Loan DocumentsBorrower, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.44.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Borrower and its Restricted Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by the Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of the Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 5 contracts

Samples: Credit Agreement (Hd Supply, Inc.), Credit Agreement (Hd Supply, Inc.), Credit Agreement (Hd Supply, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions or have Letters of credit Credit issued hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens Agreement. Except as provided in the Loan Documentswould not have a Material Adverse Effect, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect or the failure to obtain which would not reasonably be expected to have a Material Adverse Effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.17. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and the implied covenants of good faith and fair dealing.

Appears in 5 contracts

Samples: Credit Agreement (Wesco Aircraft Holdings, Inc), Credit Agreement (Wesco Aircraft Holdings, Inc), Credit Agreement (Wesco Aircraft Holdings, Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each of the other Loan DocumentsBorrowers, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Restricted Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by the Parent Borrower and each of the Borrowers, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each of the Borrowers and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 5 contracts

Samples: Credit Agreement (Atkore International Group Inc.), Intercreditor Agreement (Atkore International Group Inc.), Credit Agreement (Atkore International Group Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and Agreement. Except as would not reasonably be expected to grant the security interests and Liens as provided in the Loan Documentshave a Material Adverse Effect, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4notices, which consents, authorizations, filings and notices have been obtained or, within any period set forth in the relevant Security Document, will be obtained or made and are or will be in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which effect or the failure to make or obtain could which would not reasonably be expected to have a Material Adverse Effect, (ii) filings to perfect the Liens created by the Security Documents, (iii) filings pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in respect of Accounts of the Parent and its Subsidiaries the obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, and (iv) the filings referred to in Section 5.17. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and the implied covenants of good faith and fair dealing.

Appears in 4 contracts

Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained by a Loan Party in connection with the consummation of the Transactions, the borrowings continuing operations of Holdings, the Borrower and other the Restricted Subsidiaries and the extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (ia) consents, authorizations, filings and notices described in Schedule 3.4notices, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (iib) the filings referred to in Section 3.19 5.19 and (iiic) those consents, notices authorizations, filings and filings which notices, the failure of which to make or obtain could would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 4 contracts

Samples: Credit Agreement (Roundy's, Inc.), Term Loan Credit Agreement (Roundy's, Inc.), Credit Agreement (Roundy's, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Seller has the corporate or business trust power and authority, and the legal right, to makeexecute and deliver, deliver and to perform its obligations under, this Agreement, each Assignment, each FAA Assignment and each Foreign Assignment and to sell or substitute the Loan Documents to which it is a party and, in the case of the BorrowerReceivables hereunder, to consummate grant and assign the Transactions Liens as contemplated herein and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the executionsales, delivery purchases and performance substitutions and the granting and assigning of the Loan Documents to which it is a party and, Liens in the case of the Borrower, to authorize the borrowings and other extensions of credit connection therewith on the terms and conditions of this Agreement and to grant authorize the security interests execution, delivery and Liens as provided in the Loan Documents, and, in the case performance of this Agreement and each Subsidiary Guarantor, other Purchase Document to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentswhich it is a party. No consent or authorization of, filing with, notice to with or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactionssales, purchases and substitutions to be made hereunder, the borrowings granting and other extensions assignment of credit hereunder Liens in connection therewith or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsPurchase Document to which it is a party. This Agreement has been, except (i) consentsand each Assignment, authorizationsFAA Assignment and Foreign Assignment will be, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party theretothe Seller. This Agreement constitutes, and each other Loan Document upon execution Assignment, FAA Assignment and Foreign Assignment when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Seller enforceable against each such Loan Party the Seller in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Raytheon Co/), Purchase and Sale Agreement (Raytheon Co/), Purchase and Sale Agreement (Raytheon Co/)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the (a) The execution, delivery and performance by Borrower of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, andand the creation of all Liens provided for in this Agreement and the other Loan Documents: (i) are and will continue to be within Borrower’s power; (ii) have been and will continue to be duly authorized by all necessary or proper action of Borrower; (iii) are not and will not be in contravention of any provision of Borrower’s articles or certificate of incorporation, charter, by-laws, operating agreement or other organizational documents; (iv) do not and will not violate any Applicable Law (including the Investment Company Act), or any order or decree of any court or Governmental Authority; (v) do not and will not conflict with or result in the case breach or termination of, constitute a default under or accelerate any performance required by, any Loan Paper or Note Receivable or any other indenture, mortgage, deed of each Subsidiary Guarantortrust, lease, agreement or other instrument to guarantee which Borrower or any of its Subsidiaries is a party or by which Borrower or any of its Subsidiaries or any of their respective property is bound; (vi) do not and will not result in the Obligations creation or imposition of any Lien (other than Liens arising under this Agreement or the other Loan Documents in favor of Agent) upon any of the Borrower on Collateral; and (vii) do not and will not require the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsPerson, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings those specifically referred to in Section 3.19 and the Schedule of Documents (iii) consentsall of which will have been duly obtained, notices and filings which made or complied with on or before the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectClosing Date). Each Loan Document has been duly executed and delivered for the benefit of or on behalf of each Loan Party party thereto. This Agreement constitutesBorrower, and each other such Loan Document upon execution shall then be and will constitute, continue to be a legal, valid and binding obligation of each Loan Party party theretoBorrower, enforceable against each such Loan Party it in accordance with its terms, except subject, as enforceability may be limited by applicable bankruptcyto enforceability, insolvency, reorganization, moratorium or similar to Debtor Relief Laws and other laws affecting the enforcement of creditors’ rights generally generally, and by to general equitable principles (whether enforcement is sought by proceedings in equity or at law)of equity.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authorityExcept as set forth on Schedule 3.3, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party and all other instruments and documents to be delivered by such Loan Party hereunder and thereunder to the extent it is a party thereto and the creation of all Liens provided for herein and therein: (a) are within such Loan Party’s power; (b) have been duly authorized by all necessary corporate or limited liability company and, if any, shareholder action; (c) are not in contravention of any provision of such Loan Party’s charter, bylaws or operating agreement, as applicable; (d) will not violate any law or regulation, or any order or decree of any court or governmental instrumentality; (e) will not conflict with or result in the case breach or termination of, constitute a default under or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, material agreement or other material instrument to which any Loan Party is a party or by which any Loan Party or any of its property is bound; (f) will not result in the creation or imposition of any Lien upon any of the Borrowerproperty of any Loan Party other than those in favor of Agent or Lenders, all pursuant to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in ; and (g) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsPerson, except (i) consentsthose referred to in Section 2.1(c), authorizations, filings and notices described in Schedule 3.4, all of which consents, authorizations, filings and notices will have been obtained duly obtained, made or made complied with prior to the Closing Date and which are in full force and effect. At or prior to the Closing Date, (ii) each of the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to Loan Documents shall have a Material Adverse Effect. Each Loan Document has been duly executed and delivered for the benefit of or on behalf of each Loan Party which is a party thereto. This Agreement constitutes, thereto and each other Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each such Loan Party to the extent it is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general to equitable principles (whether enforcement is sought by proceedings in equity or at law)of general applicability.

Appears in 3 contracts

Samples: Credit Agreement (Dicks Sporting Goods Inc), Credit Agreement (Dicks Sporting Goods Inc), Credit Agreement (Galyans Trading Co Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party andand the creation of all Liens provided for therein: (a) are within such Person’s power; (b) have been duly authorized by all necessary corporate, limited liability company or limited partnership action; (c) do not contravene any provision of such Person’s charter, bylaws or partnership or operating agreements or other organizational documents, as applicable; (d) do not violate any material provision of any law or regulation, or any material provision of any order or decree of any court or Governmental Authority; (e) do not conflict with or result in the case breach or termination of, constitute a default under or accelerate or permit the acceleration of any performance required by, any material indenture, mortgage, deed of trust, lease, loan agreement or other material instrument to which such Person is a party or by which such Person or any of its property is bound; (f) do not result in the creation or imposition of any Lien upon any of the Borrowerproperty of such Person other than those in favor of Agent, on behalf of themselves and Lenders, pursuant to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in ; and (g) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required in connection with the consummation of the TransactionsPerson, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except than (i) consents, authorizations, filings and notices described in Schedule 3.4, those which consents, authorizations, filings and notices will have been obtained duly obtained, made or made complied with prior to the Closing Date, and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.21. Each of the Loan Document has Documents have been duly executed and delivered on behalf of by each Loan Credit Party that is a party thereto. This Agreement constitutesthereto and, and each other such Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Loan such Credit Party party thereto, enforceable against each such Loan Party it in accordance with its terms, except as to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws generally affecting the enforcement of creditors’ rights generally and by general equitable principles (regardless of whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (XPO Logistics, Inc.), Credit Agreement (XPO Logistics, Inc.), Credit Agreement (XPO Logistics, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow hereunder and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the borrowings on the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person (including, without limitation, Board of Directors, stockholder, warrant holder or NASDAQ consents, waivers and approvals) is required in connection with the consummation of the TransactionsRecapitalization, the borrowings and other extensions hereunder or the issuance of credit Notes hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsDocuments to which the Borrower is a party, except (i) consents, authorizations, filings and notices described in on Schedule 3.4. This Agreement has been, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each each other Loan Document has been to which it is a party will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutes, and each other Loan Document upon execution to which it is a party when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Borrower enforceable against each such Loan Party the Borrower in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors' rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. Each of the Security Documents creates and grants to the Agent, for its own benefit and for the benefit of the Lenders, a legal, valid and duly perfected Lien in the Collateral identified therein prior and superior in right to all other Persons, except as of the date hereof and as of the Closing Date Liens permitted pursuant to subsection 6.3(f) and the Liens permitted under subsection 6.3 that have priority over the Agent's Lien by operation of law, and thereafter, Liens permitted pursuant to subsection 6.3(f), subsection 6.3(g), subsection 6.3(h) and subsection 6.3(l), and the Liens permitted under subsection 6.3 that have priority over the Agent's Lien by operation of law. Such Collateral is not subject to any other Liens whatsoever, except Liens permitted by Section 6.3 hereof.

Appears in 3 contracts

Samples: Term Loan Agreement (Sandler Capital Management), Term Loan Agreement (Infocrossing Inc), Term Loan Agreement (Midocean Capital Partners Lp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party Borrower and Guarantor has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents Financing Agreements to which it is a party and, in the case of the Borrowereach Borrower or Guarantor, to consummate the Transactions obtain Loans and to borrow Letters of Credit hereunder, and obtain other extensions of credit hereunder. Each Loan Party each such Borrower or Guarantor has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Financing Agreements to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Loans or Letters of credit Credit to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case any requests for Letters of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsCredit. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Borrower or Guarantor in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Financing Agreements to which it is a party or, in the case of the other Loan Documentseach Borrower, with Loans and Letters of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.48.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the filings referred security interests created hereunder and by the other Financing Agreements (to in Section 3.19 the extent provided herein and therein), and (iiic) consents, authorizations, notices and filings which the failure to obtain or make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document This Agreement has been duly executed and delivered by each Borrower and Guarantor, and each of the other Financing Agreements to which any Borrower or Guarantor is a party will be duly executed and delivered on behalf of each Loan Party party theretosuch Borrower or Guarantor. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Loan Party Borrower and Guarantor and each of the other Financing Agreements to which any Borrower or Guarantor is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Borrower or Guarantor, enforceable against each such Loan Party Borrower or Guarantor in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has the corporate or business trust other power and authority, and the legal right, to make, deliver and perform the Loan Credit Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party The Borrower has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Credit Documents to which it is a party and, in the case of the Borrower, and to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Credit Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.43.03, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) effect and except to the filings referred extent failure to in Section 3.19 and (iii) obtain any consents, authorizations, filings, and notices and filings which could not, in the failure to make or obtain could not aggregate, reasonably be expected to have a Material Adverse Effect. Each Loan Credit Document to which the Borrower is a party has been duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutes, and each other Loan Credit Document to which the Borrower is a party upon execution will constitute, a legal, valid and binding obligation of each Loan Party party theretothe Borrower, enforceable against each such Loan Party the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws Laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Symetra Financial CORP), Credit Agreement (Symetra Financial CORP), Credit Agreement (Symetra Financial CORP)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate obtain the Transactions and to borrow and obtain other extensions of credit Loan hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents and the Acquisition Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit Loan on the terms and conditions of this Agreement and to grant authorize the security interests transactions and Liens as provided in payments contemplated for the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAcquisition. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of Acquisition or the Transactions, the borrowings and other extensions of credit hereunder Loan or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.04, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.18. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Sanders Morris Harris Group Inc), Credit Agreement (Sanders Morris Harris Group Inc), Credit Agreement (Sanders Morris Harris Group Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower and each Subsidiary has the corporate or business trust power and authority, and the legal right, to make, deliver and perform this Agreement, the Notes, each Application and the other Loan Documents to which it is a party and, in the case of the Borrowerparty, to consummate the Transactions borrow hereunder and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action grant the Liens pursuant to authorize the execution, delivery and performance of the Loan Security Documents to which it is a party and, in the case of the Borrower, and has taken all necessary corporate action to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to the Notes, the grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on Liens pursuant to the terms Security Documents to which it is a party and conditions the execution, delivery and performance of this Agreement, the applicable Notes, each Application and each other Loan Documents and Document to grant the security interests and Liens as provided in the Loan Documentswhich it is a party. No consent or authorization of, filing with, notice to with or other act action by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation borrowings hereunder, the grant of the Transactions, Liens pursuant to the borrowings and other extensions of credit hereunder Security Documents or with the execution, delivery, performance, validity or enforceability of this Agreement Agreement, the Notes, each Application or any of the other Loan Documents, except (i) consents, authorizations, filings Document. This Agreement and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred each other Loan Document to in Section 3.19 and (iii) consents, notices and filings which the failure to make Borrower or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document Subsidiary is a party (except the Notes) has been been, and each Note will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutes, and each other Loan Document upon execution to which the Borrower or a Subsidiary is a party (except the Notes) constitutes, and each Note when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party theretothe Borrower or such Subsidiary, as the case may be, enforceable against each such Loan Party Borrower or such Subsidiary in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Outsource International Inc), Credit Agreement (Outsource International Inc), Credit Agreement (Outsource International Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party and each Foreign Borrower has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party and each Foreign Borrower has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, Documents except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party and each Foreign Borrower that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party and each Foreign Borrower that is a party thereto, enforceable against each such Loan Party and each Foreign Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 3 contracts

Samples: Credit Agreement (Bucyrus International Inc), Credit Agreement (Bucyrus International Inc), Credit Agreement (Bucyrus International Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has the corporate or business trust power and authority, and the legal right, to make, deliver and perform this Agreement and the other Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of this Agreement and the other Loan Documents Documents, and to which it is a party and, in the case of the Borrower, borrow hereunder. The Borrower has taken all necessary corporate action to authorize the borrowings and other extensions of credit on the terms and conditions of set forth in this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents Notes and to grant the security interests execute, deliver and Liens as provided in perform its obligations under this Agreement and the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactionsborrowings hereunder, the borrowings and other extensions of credit hereunder or with the execution, deliverydelivery or performance by the Borrower, performance, or with the validity or enforceability against the Borrower of this Agreement or any of and the other Loan Documents, except Documents other than (i) consents, authorizations, filings and notices described in as set forth on Schedule 3.4, which consents, authorizations, filings and notices have been obtained 4.01(d) or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) any consents, notices authorizations and filings which in connection with the failure to make or obtain foregoing that, if not obtained, could not reasonably be expected to have a Material Adverse Effect. Each On the Closing Date, the Administrative Agent and each Lender shall have received complete and current copies of all consents, authorizations and filings listed on Schedule 4.01(d), which such consents, authorizations and filings shall be in full force and effect as of the Closing Date. This Agreement has been, and each other Loan Document has been when executed and delivered will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutesAgreement, and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Borrower enforceable against each such Loan Party the Borrower, in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Aquila Inc), Revolving Credit Agreement (Aquila Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Credit Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party andparty. HCLP has the corporate power and authority, in and the case of the Borrowerlegal right, to consummate borrow hereunder and has taken all necessary corporate action to authorize the Transactions borrowings on the terms and to borrow conditions of this Agreement and obtain other extensions of credit hereunderthe Applications. Each Loan Credit Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to with or other act by or in respect of, any Governmental Authority or any other Person (other than consents or authorizations the failure to obtain would not, in the aggregate, reasonably be expected to have a Material Adverse Effect) is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement Agreement, the Applications or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.45.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect. This Agreement has been, (ii) the filings referred to in Section 3.19 and, each Application and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each each other Loan Document has been will be, duly executed and delivered on behalf of each Loan Party the Credit Parties party thereto. This Agreement constitutes, and each Note, each Application and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party the Credit Parties party thereto, thereto enforceable against each such Loan Party Credit Parties in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Hanover Compressor Co /), Credit Agreement (Hanover Compressor Co /)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has The execution, delivery and performance by Company of this Agreement, the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan other Transaction Documents to which it is a party andand all instruments and documents to be delivered by Company pursuant to the Transaction Documents, in the case issuance and sale of the Borrower, Series F Preferred Stock and the Warrant (and the underlying Common Stock to consummate be issued upon exercise of the Transactions Warrant) and to borrow the consummation of the other transactions contemplated by any of the foregoing: (i) are within Company's corporate power and obtain other extensions of credit hereunder. Each Loan Party has taken authority; (ii) have been duly authorized by all necessary corporate action action; (iii) are not in contravention of any provision of Company's certificate of incorporation or by-laws; (iv) will not violate any law or regulation applicable to, or any order or decree of any court or governmental instrumentality binding on, Company; (v) will not conflict with or result in the breach or termination of, constitute a default under or accelerate any performance required by, any material indenture, mortgage, deed of trust, lease, agreement or other organizational action to authorize the execution, delivery and performance of the Loan Documents instrument to which it Company or any of its Subsidiaries is a party andor by which Company, any of its Subsidiaries or any of their property is bound; (vi) will not result in the case creation or imposition of any material Lien upon any of the Borrower, to authorize property of Company or any of its Subsidiaries; and (vii) do not require the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization approval of, or any filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with (except for those exemptions necessary to issue and sell the consummation Securities under the Securities Act, all of which, assuming the accuracy of the Transactionsrepresentations and warranties of Purchaser contained in Sections 3.1 and 3.2 hereof, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability have been complied with). Each of this Agreement or any of and the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, Transaction Documents to which consents, authorizations, filings and notices Company is a party have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutesby Company, and each other Loan Document upon execution will constitute, constitutes a legal, legally valid and binding obligation of each Loan Party party theretoCompany, enforceable against each such Loan Party it in accordance with its terms, except as enforceability may be limited by subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and similar laws relating to or affecting the enforcement of creditors' rights generally and by remedies generally, and subject, as to enforceability, to general equitable principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought by proceedings in equity a proceeding at law or at lawin equity).

Appears in 2 contracts

Samples: Securities Purchase Agreement (CCC Information Services Group Inc), Securities Purchase Agreement (Winokur Herbert S Jr)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party of the Borrower and the Guarantors has the corporate or business trust requisite power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party of the Borrower and the Guarantors has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No material consent or authorization of, filing with, notice to, Permit from or other act by or in respect of, any Governmental Authority and no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or of any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party theretoof the Borrower and the Guarantors. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party theretoof the Borrower and the Guarantors, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Syniverse Technologies Inc), Credit Agreement (Syniverse Technologies Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate borrow hereunder in accordance with the Transactions terms and to borrow and obtain other extensions of credit hereunderconditions hereof. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit Borrowings on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit Borrowings hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.04, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 4.18 and filings required under the Exchange Act in respect of the transactions contemplated hereby, and (iii) consents, authorizations, filings and notices required under the laws of the jurisdiction of organization of any Foreign Subsidiary in respect of the grant of a security interest in respect of its Capital Stock pursuant to the Guarantee and filings which the failure to make Collateral Agreement or obtain could not reasonably be expected to have a Material Adverse Effectany other Security Document. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constituteconstitute (in each case, assuming due execution by the parties other than the Loan Parties party thereto), a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Verint Systems Inc), Credit Agreement (Verint Systems Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents and Acquisition Documentation to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents and Acquisition Documentation to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No material consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices that have been obtained or made and are in full force and effect, (ii) the consents, authorizations, filings and notices described in Schedule 3.4 and (iii) the filings referred to in Section 3.19 and 3.18. No material consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the Acquisition or the Acquisition Documentation, except (iiii) consents, authorizations, filings and notices that have been obtained or made and are in full force and effect and (ii) consents, authorizations, filings or notices of which the failure to obtain or make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document and each item of Acquisition Documentation has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (GNC Acquisition Holdings Inc.), Credit Agreement (General Nutrition International Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, Notes and Letter of Credit Requests to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Restricted Subsidiaries, the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (d) filings and other required formalities pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent Borrower and its Subsidiaries, the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof and (iiie) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower, and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, Notes and Letter of Credit Requests to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Restricted Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (d) filings pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof and (iiie) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Hd Supply, Inc.), Credit Agreement (HSI IP, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, Notes and Letter of Credit Requests to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Restatement Effective Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Restricted Subsidiaries, the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (d) filings and other required formalities pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent Borrower and its Subsidiaries, the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof and (iiie) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower, and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Abl Credit Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party andand the creation of all Liens provided for therein: (a) are within such Person’s power; (b) have been duly authorized by all necessary action; (c) do not contravene any provision of such Person’s charter, in the case bylaws or partnership or operating agreement, memorandum or articles of the Borrowerassociation (or equivalent) as applicable; (d) do not violate any applicable law or regulation, to authorize the borrowings and other extensions or any order or decree of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent any court or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could where such violation would not reasonably be expected to have a Material Adverse Effect; (e) do not conflict with or result in the breach or termination of, constitute a default under or accelerate or permit the acceleration of any performance required by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which such Person is a party or by which such Person or any of its property is bound except where such conflict, breach or default would not reasonably be expected to have a Material Adverse Effect; (f) do not result in the creation or imposition of any Lien upon any material property of such Person other than those in favor of Collateral Agent, on behalf of itself and Secured Parties, pursuant to the Loan Documents other than Liens permitted hereunder; and (g) do not require the consent or approval of any Governmental Authority, other than those which have been (or will be within any applicable statutory time limits) duly obtained, made or complied with prior to the Closing Date. Each of the Loan Document Documents has been duly executed and delivered on behalf of by each Loan Credit Party that is a party thereto. This Agreement constitutes, thereto and each other such Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Loan such Credit Party party thereto, enforceable against each such Loan Party it in accordance with its terms, except as such enforceability may be limited by applicable (a) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium moratorium, or similar laws of general applicability affecting the enforcement of creditors’ rights generally rights; and by (b) the application of general equitable principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement such enforceability is sought by proceedings considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (SITEL Worldwide Corp), Credit Agreement (Catalog Resources, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by OptiCare of this Restructure Agreement, the Loan other Restructure Documents to which it OptiCare is a party andand all instruments and documents to be delivered by OptiCare, in the case issuance and sale of the Borrower, to authorize New Preferred Stock and the borrowings Warrants and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactionsother transactions contemplated by any of the foregoing: (i) are within OptiCare's and its Subsidiaries' corporate power and authority; (ii) have been duly authorized by the Board of Directors of OptiCare; (iii) as of the Closing and assuming due approval of the Company's stockholders, the borrowings and other extensions will have been duly authorized by all necessary or proper corporate action (including any required action of credit hereunder stockholders of OptiCare); (iii) are not in contravention of any provision of OptiCare's Certificate of Incorporation or with the execution, delivery, performance, validity or enforceability of this Agreement by-laws or any of its Subsidiaries' certificate of incorporation or by-laws; (iv) will not violate any law or regulation, or any order or decree of any court or governmental instrumentality; (v) will not conflict with or result in the breach or termination of, constitute a default under or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, agreement or other Loan Documentsinstrument to which OptiCare or any of its Subsidiaries is a party or by which OptiCare, except any of its Subsidiaries or any of their property is bound; (ivi) consents, authorizations, filings and notices described will not result in Schedule 3.4, which consents, authorizations, filings and notices have been obtained the creation or made and are imposition of any Lien upon any of the property of OptiCare (other than Liens in full force and effect, (ii) the filings referred to in Section 3.19 favor of Palisade and/or Capital Source); and (iiivii) consentsdo not require the consent or approval of, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effectany filing with, any governmental authority or regulatory organization or any other Person. Each Loan Document of the Restructure Documents has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, by OptiCare and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Loan Party party theretoOptiCare, enforceable against each such Loan Party it in accordance with its terms, except as enforceability may be limited by subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and similar laws affecting the enforcement creditors' rights and remedies generally, and subject, as to enforceability, to general principles of creditors’ rights generally equity, including principles of commercial reasonableness, good faith and by general equitable principles fair dealing (regardless of whether enforcement is sought by proceedings in equity a proceeding at law or at lawin equity).

Appears in 2 contracts

Samples: Restructure Agreement (Palisade Capital Management LLC/Nj), Restructure Agreement (Opticare Health Systems Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the (a) The execution, delivery and performance by each Borrower of the Loan Documents to which it is a party andand the consummation of the transactions contemplated thereby: (i) are within such Borrower’s corporate, limited liability company, partnership or other organizational powers; (ii) have been or, at the time of delivery thereof pursuant to Article IV (Conditions of Lending) will have been, duly authorized by all necessary action, including the consent of shareholders, partners and members where required; (iii) do not and will not (A) contravene such Borrower’s or any of its Subsidiaries’ respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Borrower (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator applicable to such Borrower, (C) conflict with or result in the case breach of, or constitute a default under, or result in or permit the termination or acceleration of, any Contractual Obligation of the Borrowersuch Borrower or any of its Subsidiaries, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided or (D) result in the Loan Documents, and, in creation or imposition of any Lien upon any property of such Borrower or any of its Material Subsidiaries; (iv) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing withauthorization by, approval of, notice to to, or other act by filing or in respect ofregistration with, any Governmental Authority or any other Person is required in connection with the consummation of the TransactionsPerson, the borrowings and other extensions of credit hereunder than those listed on Schedule 5.02 (Consents) or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices that have been or will be, prior to the Effective Date, obtained or made made, copies of which have been or will be delivered to the Administrative Agent pursuant to Section 4.01(a)(iii)(y), and are each of which on the Effective Date will be in full force and effect. (b) This Agreement has been, (ii) and each of the filings referred other Loan Documents will have been, upon delivery thereof pursuant to in Section 3.19 and (iii) consentsthe terms of this Agreement, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of by each Loan Party Borrower and the Guarantor party thereto. This Agreement constitutesis, and each the other Loan Document upon execution Documents will constitutebe, a when delivered hereunder, the legal, valid and binding obligation of each Loan Party Borrower and the Guarantor party thereto, enforceable against each such Loan Party Borrower and the Guarantor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). SECTION 5.03.

Appears in 2 contracts

Samples: Credit Agreement (FMC Corp), Credit Agreement (FMC Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Revolving Credit Agreement (B&g Foods Holdings Corp), Polaner Inc

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents (other than during any Collateral Suspension Period), (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Hertz Corp), Credit Agreement (Hertz Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, Acquisition and the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and 4.19, (iii) consents, authorizations, filings and notices and filings which relating to the Acquisition, the failure to make or obtain could not not, in the aggregate, reasonably be expected to have a Material Adverse EffectEffect and (iv) immaterial consents, authorizations, filings and notices relating to the Loan Documents to be obtained by Subsidiaries. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Dames & Moore Group), Credit Agreement (Dames & Moore Group)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party Obligor has the power (corporate or business trust power similar power) and authority, and the legal right, authority to makeexecute, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate borrow hereunder and, in the Transactions and case of each Guarantor, to borrow and obtain other extensions of credit hereunderguarantee the Obligations. Each Loan Party Obligor, as applicable, has taken all necessary corporate action or other organizational action to authorize the Transactions and the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to authorize the guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsObligations. No material consent or authorization of, filing with, notice to to, registration with or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation execution, delivery and performance by each Obligor of the Transactions, Loan Documents to which it is a party and the borrowings and other extensions performance of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documentseach Obligor’s obligations thereunder, except (ia) approvals, exemptions, consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (iib) the filings referred and recordings necessary to in Section 3.19 perfect Liens under the Security Documents, and (iiic) approvals, consents, notices and filings which the failure to make exceptions, authorization, action, notice or obtain could not reasonably be expected to have a Material Adverse Effectfiling under securities laws. Each Loan Document has been duly executed and delivered on behalf of each Loan Party Obligor that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid valid, and binding obligation of each Loan Party Obligor that is a party thereto, enforceable against each such Loan Party Obligor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium (a) Debtor Relief Laws or similar laws of general applicability affecting the enforcement of creditors’ rights generally and by rights, (b) the application of general equitable principles of equity (regardless of whether enforcement such enforceability is sought by proceedings considered in a proceeding in equity or at law), and (c) the need for filings and registrations necessary to create or perfect the Liens on the Collateral granted by the Obligors in favor of the Secured Parties.

Appears in 2 contracts

Samples: Credit Agreement (Kellogg Co), Credit Agreement (WK Kellogg Co)

Corporate Power; Authorization; Enforceable Obligations. Each ------------------------------------------------------- Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation Acquisition and the borrowings hereunder or the operation of the Transactions, Borrower's business following the borrowings and other extensions of credit hereunder Closing Date or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, as to which consentsthe failure to obtain could not, authorizationsin the aggregate, filings reasonably be expected to have a Material Adverse Effect and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Nationwide Credit Inc), Credit Agreement (Nationwide Credit Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, Acquisition and the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Revolving Credit Agreement (B&g Foods Inc), B&g Foods Inc

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case Letter of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsCredit Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each of the other Loan DocumentsBorrowers, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each of the Borrowers, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each of the Borrowers and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (VWR International, Inc.), Credit Agreement (VWR International, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate borrow hereunder in accordance with the Transactions terms and to borrow and obtain other extensions of credit hereunderconditions hereof. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.04 or as contemplated by the Amendment Agreement, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 4.18 and filings required under the Exchange Act in respect of the transactions contemplated hereby, and (iii) consents, authorizations, filings and notices required under the laws of the jurisdiction of organization of any Foreign Subsidiary in respect of the grant of a security interest in respect of its Capital Stock pursuant to the Guarantee and filings which the failure to make Collateral Agreement or obtain could not reasonably be expected to have a Material Adverse Effectany other Security Document. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constituteconstitute (in each case, assuming due execution by the parties other than the Loan Parties party thereto), a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Refinancing Amendment and Joinder Agreement (Verint Systems Inc), Credit Agreement (Verint Systems Inc)

Corporate Power; Authorization; Enforceable Obligations. Each ------------------------------------------------------- Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of Recapitalization except consents, authorizations, filings and notices (i) which have been obtained or made and are in full force and effect or (ii) the Transactionsfailure to obtain which could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Mattress Discounters Corp), Credit Agreement (Bedding Experts Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance of by Borrower and the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions Guarantor Subsidiaries of this Agreement and the other Loan Documents and all instruments and documents to grant be delivered by Borrower or any Guarantor Subsidiary hereunder and thereunder (in each case, to the security interests extent such Person is a party thereto) and the creation of all Liens as provided for herein and therein: (i) are within Borrower's and each Guarantor Subsidiary's corporate power; (ii) have been duly authorized by all necessary or proper corporate and shareholder action; (iii) are not in contravention of any provision of Borrower's or any Subsidiary of Borrower's certificate or articles of incorporation or bylaws; (iv) will not violate any law or regulation, or any order or decree of any court or governmental instrumentality; (v) will not conflict with or result in the breach or termination of, constitute a default under or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which Borrower or any Subsidiary of Borrower is a party or by which Borrower or any Subsidiary of Borrower or any of its or their assets or properties is bound, where the consequence of such conflict, breach, termination, default or acceleration could have or result in a Material Adverse Effect; (vi) will not result in the creation or imposition of any Lien upon any of the assets or properties of Borrower or any Subsidiary of Borrower other than those on the assets and properties Borrower and the Guarantor Subsidiaries in favor of Agent, on behalf of itself and Lenders, pursuant to the Loan Documents, and, in ; and (vii) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required Person, except those referred to in connection Section 2.1(d), all of which will have been duly obtained, made or complied with prior to the consummation of Closing Date. At or prior to the TransactionsClosing Date, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any and each of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices Documents shall have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, or for the benefit of Borrower and the Guarantor Subsidiaries and each other Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each Loan Party party thereto, Borrower and the Guarantor Subsidiaries enforceable against each such Loan Party Borrower and the Guarantor Subsidiaries in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium insolvency or other similar laws affecting the enforcement rights of creditors’ rights creditors generally and or by application of general equitable principles (whether enforcement is sought by proceedings in equity or at law)of equity.

Appears in 2 contracts

Samples: Credit Agreement (Zenith Electronics Corp), Term Loan Agreement (Zenith Electronics Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and Agreement. Except as would not reasonably be expected to grant the security interests and Liens as provided in the Loan Documentshave a Material Adverse Effect, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4notices, which consents, authorizations, filings and notices have been obtained or, within any period set forth in the relevant Security Document, will be obtained or made and are or will be in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which effect or the failure to make or obtain could which would not reasonably be expected to have a Material Adverse Effect, (ii) filings to perfect the Liens created by the Security Documents, (iii) filings pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in respect of Accounts of the Parent and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, and (iv) the filings referred to in Section 5.17. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and the implied covenants of good faith and fair dealing.

Appears in 2 contracts

Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Apparel Holding Corp.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and Agreement. Except as would not reasonably be expected to grant the security interests and Liens as provided in the Loan Documentshave a Material Adverse Effect, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect or the failure to obtain which would not reasonably be expected to have a Material Adverse Effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect4.17. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and the implied covenants of good faith and fair dealing.

Appears in 2 contracts

Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Apparel Holding Corp.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The ------------------------------------------------------- execution, delivery and performance by each Loan Party of the Loan Documents and all other instruments and documents to which be delivered by such Loan Party hereunder and thereunder to the extent it is a party andthereto and the creation of all Liens provided for herein and therein: (i) are within such Loan Party's corporate power; (ii) have been duly authorized by all necessary corporate and shareholder action; (iii) are not in contravention of any provision of such Loan Party's certificates or articles of incorporation or by-laws or other organizational documents; (iv) will not violate any law or regulation, or any order or decree of any court or governmental instrumentality; (v) will not conflict with or result in the case breach or termination of, constitute a default under or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which any Loan Party is a party or by which any Loan Party or any of its property is bound; (vi) will not result in the creation or imposition of any Lien upon any of the Borrowerproperty of any Loan Party other than those in favor of Agent, on behalf of itself and Lenders, all pursuant to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in ; and (vii) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsPerson, except (i) consentsthose referred to in Section ------- 2.1(c), authorizations, filings and notices described in Schedule 3.4, all of which consents, authorizations, filings and notices will have been obtained duly obtained, made or made complied with prior ------ to the Closing Date and which are in full force and effect. At or prior to the Closing Date, (ii) each of the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to Loan Documents shall have a Material Adverse Effect. Each Loan Document has been duly executed and delivered for the benefit of or on behalf of each Loan Party which is a party thereto. This Agreement constitutes, thereto and each other Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each such Loan Party to the extent it is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Loan and Security Agreement (Premier Graphics Inc), Loan and Security Agreement (Master Graphics Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by Borrower and Guarantor of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary and all instruments and documents to be delivered by Borrower and Guarantor, to guarantee the Obligations extent they are parties thereto, hereunder and thereunder: (i) are within Borrower's and Guarantor's corporate power; (ii) have been duly authorized by all necessary or proper corporate action; (iii) are not in contravention of the Borrower on the terms and conditions any provision of the applicable Loan Documents and to grant the security interests and Liens as provided Borrower's or Guarantor's respective certificates or articles of incorporation or by-Laws; (iv) will not violate any material law or regulation, or any order or decree of any court or governmental instrumentality; (v) will not conflict with or result in the Loan Documents. No consent breach or authorization termination of, filing withconstitute a default under or accelerate any performance required by, notice to any indenture, mortgage, deed of trust, lease, agreement or other act instrument to which Borrower or Guarantor are a party or by which Borrower or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement Guarantor or any of the other Loan Documentstheir property is bound which conflict, except (i) consentsbreach, authorizationstermination, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained default or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to acceleration would have a Material Adverse Effect; (vi) will not result in the creation or imposition of any Lien upon any of the property of Borrower or Guarantor, and (vii) do not require the consent or approval of any governmental body, agency, authority or any other Person. Each At or prior to the Closing Date, each of the Loan Document has Documents shall have been duly executed and delivered for the benefit of or on behalf of each Loan Party party thereto. This Agreement constitutesBorrower and Guarantor, as the case may be, and upon the Effective Date each other Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each Loan Party party Borrower and Guarantor, to the extent they are parties thereto, enforceable against each such Loan Party them in accordance with its terms, terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar bankruptcy laws affecting the enforcement and general principles of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)equity.

Appears in 1 contract

Samples: Credit Agreement (Unifab International Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party of the ------------------------------------------------------- Company and each Designated Subsidiary has the corporate or business trust power and authority, and the legal right, to make, deliver and perform this Agreement, the Notes, each Application and the other Loan Documents to which it is a party and, in the case of the Borrowerparty, to consummate the Transactions borrow hereunder and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action grant the Liens pursuant to authorize the execution, delivery and performance of the Loan Security Documents to which it is a party and, in the case of the Borrower, and has taken all necessary corporate action to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to the Notes, the grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on Liens pursuant to the terms Security Documents to which it is a party and conditions the execution, delivery and performance of this Agreement, the applicable Notes, each Application and each other Loan Documents and Document to grant the security interests and Liens as provided in the Loan Documentswhich it is a party. No consent or authorization of, filing with, notice to with or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation borrowings hereunder, the grant of the Transactions, Liens pursuant to the borrowings and other extensions of credit hereunder Security Documents or with the execution, delivery, performance, validity or enforceability of this Agreement Agreement, the Note, each Application or any other Loan Document except that prior authorization of the SBA is required for any exercise of remedies under the Subsidiary Pledge Agreement with respect to the FinOp common stock pledged thereunder and under the Company Pledge Agreement with respect to the common stock of CONNA Corporation pledged thereunder. This Agreement and each other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred Document to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have Company is a Material Adverse Effect. Each Loan Document party (except the Notes) has been been, and each Note will be, duly executed and delivered on behalf of each Loan Party party theretothe Company. This Agreement constitutes, and each other Loan Document upon execution to which the Company is a party (except the Notes) constitutes, and each Note when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Company enforceable against each such Loan Party the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Dairy Mart Convenience Stores Inc)

Corporate Power; Authorization; Enforceable Obligations. Each ------------------------------------------------------- Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.48.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) other consents required in connection with the filings referred to in Section 3.19 and (iii) consentsTransactions, notices and filings which the failure to make or obtain which could not reasonably be expected to have a Material Adverse Effect, and (iii) the filings referred to in Section 8.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (SMTC Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The ------------------------------------------------------- Borrower and each of its Subsidiaries each has the corporate requisite corporate, partnership or business trust limited liability company power and authority, and the legal rightas applicable, to make, deliver and perform the Loan Documents to which it the Borrower or such Subsidiary, as the case may be, is a party party, to incur the obligations provided for herein and therein and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party The Borrower and each of its Subsidiaries each has taken all necessary corporate action corporate, partnership or other organizational action limited liability company action, as applicable, to authorize the executionexecution and delivery of, delivery and the performance of its obligations under, each of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions borrowing of credit the Loan on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of borrowing hereunder by the Transactions, the borrowings and other extensions of credit hereunder Borrower or with the execution, delivery, performance, validity delivery and performance by the Borrower or enforceability any of its Subsidiaries of this Agreement or any of the other Loan Documents, except (ia) those which the failure to obtain would not, individually or in the aggregate, be reasonably expected to cause a Material Loss Event and (b) consents, authorizations, filings and notices described in Schedule 3.43.2, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party of the Borrower and its Subsidiaries party thereto. This Agreement constitutes, and each other Loan Document upon execution by the parties thereto will constitute, a legal, valid and binding obligation of each Loan Party of the Borrower and its Subsidiaries party thereto, enforceable against each the Borrower or such Loan Party Subsidiary, as the case may be, in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Finova Group Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other power and authority, and the legal right, to make, deliver and perform the Loan Documents its obligations under each Transaction Document to which it is a party and, in the case of the Borrower, and to consummate the Transactions transactions herein and to borrow therein contemplated and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate or limited liability company action or other organizational action to authorize the consummation of the transactions herein and therein contemplated and to authorize the execution, delivery and performance of the Loan Transaction Documents to which it is a party and, in party. Except for filings with respect to the case disclosure of the BorrowerTransaction Documents pursuant to the Securities Exchange Act of 1934, as amended (all of which filings shall be made at or prior to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documentstime required under applicable law), and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required with respect to such Loan Party or any of its Subsidiaries in connection with the consummation of the Transactions, the borrowings and other extensions of credit transactions hereunder or with the execution, delivery, performance, validity or enforceability of this the Transaction Documents to which such Loan Party is a party. This Agreement and each other Transaction Document to which such Loan Party is, or any of the other Loan Documentsis to become, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document party has been or will be, as applicable, duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Transaction Document to which such Loan Document upon execution Party is, or is to become, a party constitutes or will constitute, as applicable, a legal, valid and binding obligation of each such Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors' rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit and Security Agreement (Boston Scientific Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, Notes and Letter of Credit Requests to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Restricted Subsidiaries, the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (d) filings pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent Borrower and its Subsidiaries, the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof and (iiie) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower, and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Hd Supply, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other applicable legal power and authority, and the legal right, to make, deliver and perform its respective obligations under the Loan Documents Documents, the Acquisition Documentation, the Second Lien Documentation and the Revolving Loan Agreement to which it is a party and, in the case of the US Borrower and the Cayman Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, Acquisition Documentation, the Second Lien Documentation and the Revolving Loan Agreement to which it is a party and, in the case of the US Borrower and the Cayman Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of borrowings hereunder, under the Transactions, Second Lien Credit Agreement or under the borrowings and other extensions of credit hereunder Revolving Loan Agreement or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, the Acquisition Documentation, the Second Lien Documentation or the Revolving Loan Agreement except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) other than any such consents, authorizations, filings and notices and filings the absence of which the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectEffect and (ii) the filings referred to in Section 4.19 and filings in connection with the Second Lien Documentation and Revolving Loan Agreement and related documentation. Each Loan Document and each item of Acquisition Documentation, the Second Lien Documentation and the Revolving Loan Agreement has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution thereof by the applicable Loan Party will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Edgen Murray LTD)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case Letter of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsCredit Request. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.44.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of each Borrower and its Restricted Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Revolving Credit Agreement (Servicemaster Co)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each of the other Loan DocumentsBorrowers, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (d) filings pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof and (iiie) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each of the Borrowers, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each of the Borrowers and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Mortgage, Security Agreement (Hertz Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by each Credit Party of this Agreement, the Loan other Transaction Documents to which it each is a party andand all instruments and documents to be delivered by each Credit Party, and the consummation of the other transactions contemplated by any of the foregoing: (i) are within such Credit Party’s corporate power and authority; (ii) have been duly authorized by all necessary or proper corporate action; (iii) are not in contravention of any provision of such Credit Party’s certificate of incorporation or by-laws; (iv) will not violate any law or regulation, or any order or decree of any court or governmental instrumentality; (v) will not conflict with or result in the case breach or termination of, constitute a default under or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which such Credit Party or any of its Subsidiaries is a party or by which such Credit Party, any of its Subsidiaries or any of their property is bound; (vi) will not result in the creation or imposition of any Lien upon any of the Borrower, to authorize property of such Credit Party or any of its Subsidiaries other than Permitted Liens; and (vii) do not require the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization approval of, or any filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with (except to the consummation of extent previously obtained or made). At or prior to the TransactionsClosing Date, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability each of this Agreement or any of and the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices Transaction Documents shall have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of by each Loan Credit Party party thereto. This Agreement constitutes, thereto and each other Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each Loan Party party theretosuch Credit Party, enforceable against each such Loan Party it in accordance with its terms, except as enforceability may be limited by subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and similar laws affecting the enforcement of creditors’ rights generally and by remedies generally, and subject, as to enforceability, to general equitable principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought by proceedings in equity a proceeding at law or at lawin equity).

Appears in 1 contract

Samples: Securities Purchase Agreement (Greka Energy Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by Borrower of the Loan Documents and the creation of all Liens provided for therein: (1) are within Borrower’s corporate power; (2) have been duly authorized by all necessary or proper corporate and shareholder action; (3) do not contravene any provision of Borrower’s constating documents or bylaws; (4) do not violate any law or regulation, or any order or decree of any court or Governmental Authority; (5) do not conflict with or result in the breach or termination of, constitute a default under or accelerate or permit the acceleration of any performance required by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which it Borrower is a party and, or by which Borrower or any of its property is bound; (6) do not result in the case creation or imposition of any Lien upon any of the Borrowerproperty of Borrower other than those in favour of Agent, on behalf of Lender, pursuant to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in ; and (7) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsPerson, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings those referred to in Section 3.19 and (iii) consents2.1(3), notices and filings all of which will have been duly obtained, made or complied with prior to the failure Closing Date. On or prior to make or obtain could not reasonably be expected to the Closing Date, each of the Loan Documents shall have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, by Borrower thereto and each other such Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each Loan Party party thereto, Borrower enforceable against each such Loan Party it in accordance with its terms, except as enforceability may be limited by subject to (i) applicable bankruptcy, insolvency, reorganizationmoratorium, moratorium or reorganization and other similar laws of general application relating to or affecting the enforcement of creditors’ rights generally generally, (ii) the equitable and by general equitable principles statutory powers of the courts of appropriate jurisdiction to stay proceedings before them, to stay the execution of judgments and to award costs, (whether enforcement is sought by proceedings iii) the discretion of such courts as to the granting of remedies of specific performance and injunction and (iv) the restriction that Canadian courts can only render judgments in equity or at law)Canadian currency.

Appears in 1 contract

Samples: Credit Agreement (Solo Cup CO)

Corporate Power; Authorization; Enforceable Obligations. Each The Borrower and each of the other Loan Party Parties has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party party, grant the Liens granted by it pursuant to the Security Documents and, in the case of the Borrower, to consummate the Transactions borrow hereunder and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party (including the granting of the Liens to be granted by it pursuant to the Security Documents and, in the case of the Borrower, to authorize the borrowings hereunder). Other than the filing of the Mortgages and appropriate financing statements and other extensions of credit on actions necessary to perfect the terms and conditions of this Agreement and to grant Liens created by the security interests and Liens as provided in the Loan Security Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation borrowings hereunder, the granting and perfection of the Transactions, Liens to be granted by the borrowings and other extensions of credit hereunder Security Documents or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents to which each Loan Party is a party other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, than those which consents, authorizations, filings and notices have been obtained or made and are in full force and effect. This Agreement has been, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each each other Loan Document has been to which any Loan Party is a party will be, duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution to which any Loan Party is a party when executed and delivered will constitute, a legal, valid and binding obligation of each such Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent transfer or conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors' rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit Agreement (Canton Oil & Gas Co)

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Corporate Power; Authorization; Enforceable Obligations. Each ------------------------------------------------------- Loan Party has the corporate or business trust power and authority, and the legal le gal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the TransactionsPensar Acquisition, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.48.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) other consents required in connection with the filings referred to in Section 3.19 and (iii) consentsPensar Acquisition, notices and filings which the failure to make or obtain which could not reasonably be expected to have a Material Adverse Effect, and (iii) the filings referred to in Section 8.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (SMTC Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the Extensions of Credit on the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery and performance by it of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by any Loan Party in connection with the consummation Extensions of the Transactions, the borrowings and other extensions of credit Credit hereunder or with the execution, delivery, performance, delivery or performance by each applicable Loan Party or the validity or enforceability of this Agreement with respect to or against any Loan Party of the Loan Documents to which it is a party other Loan Documentsthan consents, except authorizations and (i) consents, authorizations, the filing of Uniform Commercial Code financing statements and filings with the United States Patent and notices described in Schedule 3.4, which consents, authorizations, filings Trademark Office and notices have been obtained or made and are in full force and effectthe United States Copyright Office to perfect the security interest that can be perfected by such filings, (ii) recordation of the filings referred to in Section 3.19 Mortgages and the Leasehold Mortgages, (iii) consentsfilings in connection with enforcement of Loan Documents and (iv) filings as contemplated by subsection 7.1. This Agreement has been, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each each other Loan Document has been will be, duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, thereto enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower and each of the Guarantors has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party The Borrower and each of the Guarantors has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No material consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person Person, is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effecteffect and any such other consent, (ii) authorization, filing, notice or other act required to be made or obtained after the filings referred Effective Date in the ordinary course of business or in order to in Section 3.19 and (iii) consents, notices and filings which perfect the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectLiens granted under the Security Documents. Each Loan Document to which the Borrower or any of the Guarantors is a party has been duly executed and delivered on behalf of the Borrower and each Loan Party party theretosuch Guarantor, as applicable. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party of the Borrower and any Guarantor that is party thereto, enforceable against each such Loan Party Person in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Northwest Airlines Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authorityThe ------------------------------------------------------- execution, delivery, and the legal right, to make, deliver performance by Borrower and perform the Loan Documents to which it is a party and, in the case each of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance its Subsidiaries of the Loan Documents to which it is a party andparty, and the creation of all Liens provided for in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and the other Loan Documents: (a) are and will continue to grant the security interests be within Borrower's and Liens as provided each of its Subsidiaries' corporate power; (b) have been and will continue to be duly authorized by all necessary or proper corporate and shareholder action; (c) are not and will not be in contravention of any provision of Borrower's or any of its Subsidiaries' charter or bylaws; (d) do not and will not violate any Applicable Law or any order or decree of any court or Governmental Authority; (e) do not and will not conflict with or result in the Loan Documentsbreach or termination of, andconstitute a default under, or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, agreement, or other instrument to which Borrower or any of its Subsidiaries is a party or by which Borrower or any of its Subsidiaries or any of their property is bound; (f) do not and will not result in the case creation or imposition of each Subsidiary Guarantor, to guarantee the Obligations any Lien (other than Permitted Liens) upon any of the Borrower on Collateral; and (g) do not and will not require the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, approval of any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan DocumentsPerson, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings those specifically referred to in Section 3.19 and the Schedule of Documents (iii) consentsall of which will have been duly obtained, notices and filings which made, or complied with on or before the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectClosing Date). Each As of the Closing Date, each Loan Document has shall have been duly executed and delivered for the benefit of or on behalf of Borrower and each Loan Party party thereto. This Agreement constitutesof its Subsidiaries, and each other such Loan Document upon execution to which it is a party shall then be and will constitute, continue to be a legal, valid valid, and binding obligation of Borrower and each Loan Party party theretoof its Subsidiaries, enforceable against each such Loan Party it in accordance with its terms, except subject, as enforceability may be limited by to enforceability, to applicable bankruptcy, insolvency, reorganization, moratorium or similar moratorium, and other laws affecting the enforcement creditors' rights generally, and to general principles of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)equity.

Appears in 1 contract

Samples: Loan and Security Agreement (Polyphase Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party of the Borrower and its Restricted Subsidiaries has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, and (in the case of the Borrower, to consummate the Transactions and ) to borrow and obtain the other extensions Extensions of credit hereunder. Each Loan Party Credit hereunder and has taken all necessary corporate action or other organizational action to authorize the Extensions of Credit on the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to to, or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation Extensions of the Transactions, the borrowings and other extensions of credit Credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement the Loan Documents to which the Borrower or any of the its Restricted Subsidiaries is a party except those described on Schedule 4.4, all of which have been obtained, made or waived. This Agreement has been, and each other Loan DocumentsDocument will be, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of the Borrower and each Loan Party of its Restricted Subsidiaries that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of the Borrower and each Loan Party of its Restricted Subsidiaries that is a party thereto, thereto enforceable against the Borrower and each such Loan Party Restricted Subsidiary in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors' rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit Agreement (Kmart Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents and Related Agreements to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow hereunder and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the borrowings on the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement the Loan Documents to which such Loan Party is a party except for those set forth in Schedule 4.15, Schedule 4.19 and Schedule 12.8 to the Recapitalization Agreement, filings required by federal or any state securities laws, filings under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvement Act, filings required in connection with the perfection of security interests granted pursuant to the other Loan Documents, except (i) and such other registrations, consents, authorizationsapprovals, filings and notices described in Schedule 3.4, or other actions which consents, authorizations, filings and notices have been obtained or made and are in full force and effectwill be made, (ii) obtained, given or taken on or before the filings referred to in Section 3.19 and (iii) consents, notices and filings Closing Date or which the failure to make obtain or obtain take could not reasonably be expected to have have, individually or in the aggregate, a Material Adverse Effect. Each Loan Document has been will be duly executed and delivered on behalf of each such Loan Party party theretoto which it is a party. This Agreement constitutesEach Loan Document, when executed and each other Loan Document upon execution delivered will constitute, a legal, valid and binding obligation of each such Loan Party to which it is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors' rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit Agreement (Digitas Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and Agreement. Except as would not reasonably be expected to grant the security interests and Liens as provided in the Loan Documentshave a Material Adverse Effect, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4notices, which consents, authorizations, filings and notices have been obtained or, within any period set forth in the relevant Security Document, will be obtained or made and are or will be in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which effect or the failure to make or obtain could which would not reasonably be expected to have a Material Adverse Effect, (ii) filings to perfect the Liens created by the Security Documents, (iii) filings pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in respect of Accounts of the Parent and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (iv) filings pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent and its Subsidiaries the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof, and (v) the filings referred to in Section 5.17. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and the implied covenants of good faith and fair dealing.

Appears in 1 contract

Samples: Credit Agreement (YCC Holdings LLC)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the each Borrower, to consummate the Transactions obtain Loans and to borrow Letters of Credit hereunder, and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings Loans and other extensions Letters of credit Credit extended to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany promissory notes requested hereunder. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsLoans and Letters of Credit extended to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.47.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the filings referred to in Section 3.19 Liens created by the Security Documents, and (iiic) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Abl Credit Agreement (Univar Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party of the Company and its Subsidiaries has the corporate or business trust power and authority, and the legal right, authority to make, deliver and perform each of this Agreement, the Notes, the other Loan Documents, the Related Documents and the other documents contemplated hereby to which it is a party and to consummate (a) the transactions contemplated by the Loan Documents and Related Documents to which it is a party andparty, (b) in the case of the BorrowerCompany, to consummate the Transactions Merger and to borrow the other transactions contemplated thereby and obtain (c) in the case of Napco, the Napco Transaction and the other extensions of credit hereundertransactions contemplated thereby. Each Loan Party of the Company and its Subsidiaries has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of each of this Agreement, the Notes, the other Loan Documents and the other documents contemplated hereby to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, or filing with, notice to or other act by or in respect ofany Person (including, without limitation, any Governmental Authority or any other Person Authority), is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of Agreement, the Notes, the other Loan DocumentsDocuments or the other documents contemplated hereby or with the consummation of the Tender Offer or Merger, except the Napco Transaction or the other transactions contemplated hereby or thereby, other than (i) consents, authorizations, filings the Certificate of Ownership and notices described in Schedule 3.4, which consents, authorizations, filings Merger merging the Purchaser with and notices have been obtained or made and are in full force and effectinto the Company, (ii) the filings referred to in Section 3.19 Certificate of Merger merging Napco Target I and Napco Target II with and into the Napco Purchaser and (iii) those consents, notices authorizations and filings which the failure to obtain, take, give or make could not, either individually or obtain could not in the aggregate, be reasonably be expected likely to (A) have a Material Adverse Effect, (B) affect the enforceability, validity or binding effect of any of the Loan Documents or (C) expose the Agent or any Bank to personal liability. Each Loan Document This Agreement has been duly executed and delivered on behalf of the Company and each Loan Party party thereto. This Agreement constitutesDesignated Subsidiary, and each this Agreement, the Notes, the other Loan Document upon execution will Documents, the Related Documents and the other documents contemplated hereby constitute, a legal, valid and binding obligation obligations of the Company and each Loan Party Subsidiary party thereto, enforceable against the Company and each such Loan Party Subsidiary party thereto in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles of equity (regardless of whether enforcement is sought by proceedings in a proceeding in equity or at law).

Appears in 1 contract

Samples: Ply Gem (Nortek Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the (a) The execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party andand the consummation of the transactions contemplated thereby: (i) are within such Loan Party’s corporate, limited liability company, partnership or other powers; (ii) have been or, at the time of delivery thereof pursuant to Article IV (Conditions) will have been, duly authorized by all necessary action, including the consent of shareholders, partners and members where required; (iii) do not and will not (A) contravene such Loan Party’s or any other Restricted Subsidiaries’ respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Loan Party or any other Restricted Subsidiary (including the Margin Regulations), or any order or decree of any Governmental Authority or arbitrator applicable to such Loan Party or any other Restricted Subsidiary, (C) conflict with or result in the case breach of, or constitute a default under, or result in or permit the termination or acceleration of, any Contractual Obligation of the Borrowersuch Loan Party or any other Restricted Subsidiary, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided or (D) result in the creation or imposition of any Lien upon any property of such Loan Documents, and, in Party or any other Restricted Subsidiary; (iv) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing withauthorization by, approval of, notice to to, permit from or other act by filing or in respect ofregistration with, any Governmental Authority or any other Person is required in connection with the consummation of the TransactionsPerson, the borrowings other than those listed on Schedule 5.02 (Consents) and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices that have been or will be, prior to the Effective Date, obtained or made made, copies of which have been or will be delivered to the Administrative Agent pursuant to Sections 4.01(a)(iii)(C) and are Section 4.01(j), and each of which on the Effective Date will be in full force and effect. (b) This Agreement has been, (ii) and each of the filings referred other Loan Documents will have been upon delivery thereof pursuant to in Section 3.19 and (iii) consentsthe terms of this Agreement, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of by each Loan Party party thereto. This Agreement constitutesis, and each the other Loan Document upon execution Documents will constitutebe, a when delivered hereunder, the legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). SECTION 5.03.

Appears in 1 contract

Samples: Credit Agreement (Livent Corp.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Credit Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Credit Documents to which it is a party and, in the case of the BorrowerApplicant, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each Loan each such Credit Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Credit Documents to which it is a party and, in the case of the BorrowerApplicant, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Credit Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Credit Documents to which it is a party or, in the case of the other Loan DocumentsApplicant, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents (other than during any Collateral Suspension Period), (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Applicant and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each Loan Document This Agreement has been duly executed and delivered by the Applicant, and each other Credit Document to which any Credit Party is a party will be duly executed and delivered on behalf of each Loan Party party theretosuch Credit Party. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of the Applicant and each Loan other Credit Document to which any Credit Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Credit Party, enforceable against each such Loan Credit Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Letter of Credit Agreement (Hertz Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party of the Borrower and the Subsidiaries has the corporate or business trust power and authority, and the legal right, authority to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions borrow hereunder and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the borrowings on the terms and conditions of this Agreement, the Notes and the Applications and to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of the Borrower or the Subsidiaries in connection with the consummation of the TransactionsRefinancing, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement the Loan Documents to which the Borrower or any of the other Loan Subsidiaries is a party, except for filings to perfect the Liens created by the Security Documents, except (i) for consents, authorizations, authorizations and filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices that have been obtained or made in connection therewith and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) except for consents, notices authorizations and filings the absence of which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been, and each other Loan Document has been to which it is a party will be, duly executed and delivered on behalf of each Loan Party the Borrower and the Subsidiaries party thereto. This Agreement constitutes, and each other Loan Document upon execution to which it is a party when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party the Borrower and the Subsidiaries party thereto, thereto enforceable against each the Borrower and such Loan Party Subsidiaries in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Securities Purchase Agreement (RBX Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the The execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions: are within such Loan Party’s corporate, limited liability company, partnership or other organizational powers; have been or, at the borrowings and other extensions time of credit hereunder or with the execution, delivery, performance, validity or enforceability of delivery thereof pursuant to this Agreement will have been duly authorized by all necessary corporate, limited liability company or partnership action, including the consent of shareholders, partners and members where required; do not and will not (A) contravene such Loan Party’s respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Loan Party (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator applicable to such Loan Party, (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any lawful Contractual Obligation of such Loan Party or any of its Restricted Subsidiaries, other than in the other Loan Documentscase of this clause (C) any such conflict, except (i) consentsbreach, authorizationsdefault, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained termination or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain acceleration that could not reasonably be expected to have a Material Adverse Effect, or (D) result in the creation or imposition of any Lien upon any property of such Loan Party, other than those in favor of the Secured Parties pursuant to the Collateral Documents; and do not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental Authority or any other Person, other than resolutions of the board of directors or other similar authority of each Loan Party that have been or will be, prior to the Effective Date (or such later date upon which such Loan Party becomes a Subsidiary Guarantor), obtained or made, copies of which have been or will be delivered to the Administrative Agent, and each of which on the Effective Date (or such later date upon which such Loan Party becomes a Subsidiary Guarantor) will be in full force and effect and, with respect to the Collateral, filings required to perfect the Liens created by the Collateral Documents. Each This Agreement has been, and each of the other Loan Document has Documents will have been upon delivery thereof pursuant to the terms of this Agreement, duly executed and delivered on behalf of by each Loan Party who is a party thereto. This Agreement constitutesis, and each the other Loan Document upon execution Documents will constitutebe, a when delivered, the legal, valid and binding obligation of each Loan Party who is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar other laws affecting the enforcement of creditors’ rights generally and by subject to general equitable principles (of equity, regardless of whether enforcement is sought by proceedings considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Credit Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform this 85 79 Agreement, any of the Specified Notes and the other Specified Loan Documents to which it is a party and, in the case of the with respect to each Specified Borrower, to consummate the Transactions borrow hereunder and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action to authorize the borrowings on the terms and conditions of, or the granting of any security interests under, this Agreement and any of the Specified Notes and the other organizational action Specified Loan Documents and to authorize the execution, delivery and performance of this Agreement, any of the Specified Notes and the other Specified Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder under this Agreement or with the execution, delivery, performance, validity or enforceability of, or the granting of any security interests under, this Agreement or Agreement, any of the Specified Notes or the other Specified Loan DocumentsDocuments to which any Credit Party is a party, except for (i) consentsthose set forth on Schedule 5.4, authorizations, filings and notices described in Schedule 3.4, each of which consents, authorizations, filings and notices have been obtained or will be made or taken and are or will be in full force and effect, (ii) the filings referred to in Section 3.19 and consents under immaterial Contractual Obligations or (iii) consentsthose referred to subsection 5.20. This Agreement, notices any Specified Note and filings which each of the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each other Specified Loan Document Documents has been duly executed and delivered on behalf of each Loan the Credit Party party thereto. This Agreement constitutesAgreement, any Specified Note and each of the other Specified Loan Document upon execution will constitute, Documents constitutes a legal, valid and binding obligation of each Loan the Credit Party party thereto, thereto enforceable against each such Loan Credit Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Viasystems Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party party, to consummate the Transactions and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party party, to consummate the Transactions and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.45.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect5.19. Each Loan Document (other than the Mortgages subject to the Escrow Agreement) has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document (other than the Mortgages subject to the Escrow Agreement) upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). Each of the Mortgages subject to the Escrow Agreement has been duly executed on behalf of each Loan Party that is a party thereto, and upon the delivery of such Mortgage in accordance with the terms of the Escrow Agreement, will constitute a legal, valid and binding obligation of each Loan Party that is party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principals (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (U-Store-It Trust)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other power and authority, and the legal right, to make, deliver and perform the Loan Documents and the FRS Acquisition Documentation to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents and the FRS Acquisition Documentation to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or material consent or authorization of, filing with, notice to or other act by or in respect of any other Person is required in connection with the consummation of the TransactionsFRS Acquisition, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, Documents or any of the FRS Acquisition Documentation except (i) consents, authorizations, filings and notices described in Schedule 3.44.4, which consents, authorizations, filings and notices have been obtained or made (in each case, to the extent the related assets have been acquired by a Group Member) and are in full force and effecteffect or, to the extent contemplated by the FRS Acquisition Agreement, a managing, operating or sub- contracting arrangement or other relationship has been established in lieu thereof with respect to that portion of the business of the Group Members to which such consent, authorization, filing or notice relates, (ii) the filings referred to in Section 3.19 4.19 and (iii) with respect to the FRS Acquisition only (A) immaterial consents, authorizations or filings with Governmental Authorities and (B) consents, authorizations of or filings with or notices and to Governmental Authorities with respect to Environmental Permits which pursuant to applicable law may be made after the transfer of the assets or operations to which such Environmental Permits relate (which consents, authorizations of, filings which the failure with or notices to make or obtain could not reasonably will be expected to have a Material Adverse Effectobtained in accordance with Section 6.14). Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Capital Environmental Resource Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party hereunder and has taken all necessary corporate action or to authorize the borrowings and other organizational action extensions of credit hereunder on the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery and performance of the Loan Documents to which it is a party andparty. The Borrower has the power and authority, in and the case of the Borrowerlegal right, to authorize make, deliver and perform the borrowings and other extensions of credit on the terms and conditions of this Solgar Purchase Agreement and to grant complete the security interests Solgar Acquisition and Liens the other Transactions. Except as provided in the Loan Documentsset forth on Schedule 5.4, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required as a condition precedent to the Borrower’s obligation to consummate the Solgar Acquisition or in connection with the consummation of the Transactions, the borrowings and or other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this the Loan Documents. This Agreement or any of the has been, and each other Loan DocumentsDocument to which it is a party will be, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party hereto or thereto. The Solgar Purchase Agreement has been duly executed and delivered on behalf of the Borrower. This Agreement constitutes, and each other Loan Document upon execution will to which it is a party (except the Existing Credit Agreement) continues to constitute, a legal, valid and binding obligation of each Loan Party that is a party hereto or thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors’ rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing. The Solgar Purchase Agreement constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit Agreement (Nbty Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the any Senior Interim Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsNotes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of the other Loan DocumentsBorrower, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.44.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) prior to or on the filings referred to in Section 3.19 Closing Date and (iiib) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by the Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of the Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Servicemaster Co)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the each Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each Borrower, with the other Loan DocumentsExtensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents (other than during any Collateral Suspension Period), (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is the 000 Xxxxxx Xxxxxx of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by each Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Hertz Global Holdings, Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Upon entry by the Bankruptcy Court of the Confirmation Order, each Loan Party has the corporate (or business trust equivalent) power and authority, and the legal right, to make, deliver and perform the Loan Documents (as well as the corporate (or equivalent) power and authority, and the legal right, to make and deliver the Intercreditor Agreement) to which it is a party and to consummate the Transactions and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action (or other organizational equivalent) action to authorize the execution, delivery and performance of the Loan Documents to which it is a party (as well as the Intercreditor Agreement) and the consummation of the Transactions and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained by any Loan Party in connection with the consummation of the Transactions, Transactions and the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.44.4 and Schedule 4.19(b), which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 Schedule 4.19(a)-1 and Schedule 4.19(a)-2 and (iii) those approvals, consents, exemptions, authorizations or other actions, notices and filings which or filings, the failure of which to obtain or make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document and the Intercreditor Agreement has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Six Flags Entertainment Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party Obligor has the power (corporate or business trust power otherwise) and authority, and the legal right, to makeexecute, deliver and perform the Loan Transaction Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate borrow hereunder and, in the Transactions and case of each Guarantor, to borrow and obtain other extensions of credit hereunderguarantee the Obligations. Each Loan Party Obligor has taken all necessary corporate action or other organizational action to authorize the Transactions and the execution, delivery and performance of the Loan Transaction Documents to which it is a party and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to authorize the guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsObligations. No consent or authorization of, filing with, notice to to, registration with or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions hereunder, the guarantees of credit hereunder the Obligations or with the execution, delivery, performance, validity legality, validity, or enforceability of this Agreement or any of the other Loan Documents, Transaction Documents except (ia) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (iib) the filings referred and recordings to in Section 3.19 and (iii) consents, notices and filings which perfect Liens under the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectSecurity Documents. Each Loan Transaction Document has been duly executed and delivered on behalf of each Loan Party Obligor that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid valid, and binding obligation of each Loan Party Obligor that is a party thereto, enforceable against each such Loan Party Obligor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar other laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Alico, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate (or business trust equivalent) power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and to consummate the Transactions and, in the case of the BorrowerBorrowers, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action (or other organizational equivalent) action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and the consummation of the Transactions and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained by any Loan Party in connection with the consummation of the Transactions, Transactions and the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.47.4, which consents, authorizations, filings and notices (except in the case of consents under the Existing Credit Agreements to certain of the Transactions) have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectSchedule 7.19(a)-1. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Premier Parks Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Except as set forth on Schedule 4.2, the execution, delivery and performance by each Credit Party has of the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Transaction Documents to which it is a party andand all instruments and documents to be delivered by each Credit Party, the issuance and sale of the Notes by Company and the consummation of the other transactions contemplated by any of the foregoing: (i) are within such Credit Party’s corporate power and authority; (ii) have been duly authorized by all necessary or proper corporate action; (iii) are not in contravention of any provision of such Credit Party’s certificate of incorporation or by-laws; (iv) will not violate any law or regulation, or any order or decree of any court or governmental instrumentality; (v) will not conflict with or result in the case breach or termination of, constitute a default under or accelerate any performance required by, any indenture, mortgage, deed of the Borrowertrust, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action lease, agreement or other organizational action to authorize the execution, delivery and performance of the Loan Documents instrument to which it such Credit Party is a party andor by which such Credit Party or any of its property is bound which, taken individually or in the case aggregate, is material to such Credit Party; (vi) other than those Liens created pursuant to the Transaction Documents, will not result in the creation or imposition of any Lien upon any of the Borrower, to authorize property of such Credit Party; and (vii) do not require the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization approval of, or any filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is (except (A) for those filings required in connection by the Registration Rights Agreement, (B) the filing of a Form D with the consummation SEC, (C) the filing of UCC-1 financing statements with the Secretary of State of Delaware and (D) to the extent previously obtained or made). At or prior to the Closing Date, each of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices Transaction Documents shall have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of by each Loan Credit Party party thereto. This Agreement constitutes, thereto and each other Loan Document upon execution will constitute, shall then constitute a legal, valid and binding obligation of each Loan Party party theretosuch Credit Party, enforceable against each such Loan Party it in accordance with its terms, except as enforceability may be limited by subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and similar laws affecting the enforcement of creditors’ rights generally and by remedies generally, and subject, as to enforceability, to general equitable principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought by proceedings in equity a proceeding at law or at lawin equity).

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Westmoreland Coal Co)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the (a) The execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party andand the consummation of the transactions contemplated thereby: (i) are within such Loan Party’s corporate, limited liability company, partnership or other powers; (ii) have been or, at the time of delivery thereof pursuant to Article IV (Conditions) will have been, duly authorized by all necessary action, including the consent of shareholders, partners and members where required; (iii) do not and will not (A) contravene such Loan Party’s or any other Restricted Subsidiaries’ respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Loan Party or any other Restricted Subsidiary (including the Margin Regulations), or any order or decree of any Governmental Authority or arbitrator applicable to such Loan Party or any other Restricted Subsidiary, (C) conflict with or result in the case breach of, or constitute a default under, or result in or permit the termination or acceleration of, any Contractual Obligation of the Borrowersuch Loan Party or any other Restricted Subsidiary, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided or (D) result in the creation or imposition of any Lien upon any property of such Loan Documents, and, in Party or any other Restricted Subsidiary; (iv) do not require the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing withauthorization by, approval of, notice to to, permit from or other act by filing or in respect ofregistration with, any Governmental Authority or any other Person is required in connection with the consummation of the TransactionsPerson, the borrowings other than those listed on Schedule 5.02 (Consents) and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices that have been or will be, prior to the Effective Date, obtained or made made, copies of which have been or will be delivered to the Administrative Agent pursuant to Sections 4.02(a)(iii)(C) and are Section 4.02(j), and each of which on the Effective Date will be in full force and effect. (b) This Agreement has been, (ii) and each of the filings referred other Loan Documents will have been upon delivery thereof pursuant to in Section 3.19 and (iii) consentsthe terms of this Agreement, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of by each Loan Party party thereto. This Agreement constitutesis, and each the other Loan Document upon execution Documents will constitutebe, a when delivered hereunder, the legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). SECTION 5.03.

Appears in 1 contract

Samples: Credit Agreement (Livent Corp.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other power and authority, and the legal right, to make, deliver and perform the Loan Documents its obligations under each Transaction Document to which it is a party and, in the case of the Borrower, and to consummate the Transactions transactions herein and to borrow therein contemplated and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate or limited liability company action or other organizational action to authorize the consummation of the transactions herein and therein contemplated and to authorize the execution, delivery and performance of the Loan Transaction Documents to which it is a party and, in party. Except for filings with respect to the case disclosure of the BorrowerTransaction Documents pursuant to the Exchange Act (all of which filings shall be made at or prior to the time required under applicable law), to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required with respect to such Loan Party or any of its Subsidiaries in connection with the consummation of the Transactions, the borrowings and other extensions of credit transactions hereunder or with the execution, delivery, performance, validity or enforceability of this the Transaction Documents to which such Loan Party is a party. This Agreement and each other Transaction Document to which such Loan Party is, or any of the other Loan Documentsis to become, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document party has been or will be, as applicable, duly executed and delivered on behalf of each such Loan Party party theretoParty. Second Amended and Restated Credit and Security Agreement This Agreement constitutes, and each other Transaction Document to which such Loan Document upon execution Party is, or is to become, a party constitutes or will constitute, as applicable, a legal, valid and binding obligation of each such Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors’ rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit and Security Agreement (Boston Scientific Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Parent and each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the BorrowerBorrowers, to consummate the Transactions obtain Advances and to borrow Letters of Credit hereunder, and obtain other extensions of credit hereunder. Each Loan Party each such Person has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party party, and consummate the Transactions and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit Advances and issuances of Letters of Credit to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the other Loan Documents. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of Borrowers, with respect to the other Loan Documentsextensions of Advances and issuances of Letters of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.44.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings pursuant to the filings referred to Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts and contracts of the Borrowing Base Companies, the obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiic) consents, authorizations, notices and filings which the failure to obtain or make or obtain could not reasonably be expected to have a Material Adverse EffectChange. Each This Agreement has been duly executed and delivered by Parent and each Borrower, and each other Loan Document to which Parent and each Loan Party is a party has been or will be duly executed and delivered on behalf of each Loan Party party theretosuch Person. This Agreement constitutesconstitutes a legal, valid and binding obligation of each Borrower, each other Loan Document upon execution to which Parent or any Loan Party is a party as executed and delivered does constitute, or when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party theretosuch Person, enforceable against each such Loan Party Person in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Sirva Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has The execution, delivery, and performance of this Agreement by MW and all instruments and documents to be executed by MW on the corporate or business trust power and authoritydate hereof pursuant to this Agreement, and the legal rightcreation of all Liens to be granted by MW as provided for herein: (a) are within MW's power; (b) have been duly authorized by all necessary or proper corporate action, including the consent of shareholders where required; (c) are not in contravention of any provision of MW's certificate of incorporation or by-laws; (d) will not violate any law or regulation applicable to makeMW or any order or decree applicable to MW of any court or governmental instrumentality; (e) except as set forth on SCHEDULE 8.3 annexed hereto, deliver and perform will not conflict with or result in the Loan Documents breach or termination of, constitute a default under, or accelerate any performance required by, any indenture, mortgage, deed of trust, lease, agreement, or other instrument to which it MW is a party andor by which MW or any of its property is bound, which conflicts, breaches, or defaults, either individually, or in the case aggregate will have a material adverse effect on the business, operations, property, or financial condition of MW, the BorrowerAccounts and Indebtedness (such Accounts and Indebtedness taken as a whole), to consummate the Transactions Monogram's Lien in and to borrow the Accounts and obtain Indebtedness (such Accounts and Indebtedness taken as a whole), or the priority of such Lien; and (f) do not require any filing (other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action than the filings contemplated hereby) or other organizational action to authorize registration by MW with, or the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect approval of, any Governmental Authority governmental body, agency, authority, or any other Person is required which has not been made or obtained previously where such failure to file, register or obtain consent or approval either individually, or in connection with the consummation aggregate, will have a material adverse effect on the business, operations, property or financial condition of the TransactionsMW, the borrowings Accounts and other extensions Indebtedness (such Accounts and Indebtedness taken as a whole), Monogram's Lien in and to the Accounts and Indebtedness (such Accounts and Indebtedness taken as a whole), or the priority of credit hereunder or with the execution, delivery, performance, validity or enforceability of this such Lien. This Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, by MW and each other Loan Document upon execution will constitute, a constitutes the legal, valid valid, and binding obligation of each Loan Party party theretoMW, enforceable against each such Loan Party MW in accordance with its terms, terms except as enforceability such enforcement may be limited by applicable bankruptcy, insolvencymoratorium, reorganization, moratorium or similar other laws or legal principles affecting the enforcement rights of creditors’ rights creditors generally and or by general equitable principles of equity (whether enforcement or not a proceeding is sought by proceedings brought in equity a court of law or at lawequity).

Appears in 1 contract

Samples: Montgomery Ward Holding Corp

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the First Mortgage Indenture and the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the First Mortgage Indenture and the Loan Documents Documents, and to which it is a party and, in the case of the Borrower, borrow hereunder. The Borrower has taken all necessary corporate action to authorize the borrowings and other extensions of credit on the terms and conditions of set forth in this Agreement and in the Notes and to grant execute, deliver and perform 50 its obligations under the security interests First Mortgage Indenture and Liens as provided in the Loan Documents. Set forth on SCHEDULE 3.4a are all consents or authorizations of, andfilings with, notices to or other acts by or in respect of, any Governmental Authority or any other Person required in connection with the case authorization, execution, or issuance of each Subsidiary Guarantorany First Mortgage Bond, to guarantee the Obligations authorization, delivery or performance or validity of the Borrower on First Mortgage Indenture and the terms and conditions Supplemental Indenture, or the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the applicable Loan Documents Bond Collateral Agreement or any Collateral Document related thereto, and to grant in each case any application therefor (collectively, the security interests and Liens as provided in the Loan Documents"FIRST MORTGAGE APPROVALS"). No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactionsborrowings hereunder, the borrowings and other extensions of credit hereunder or with the execution, deliverydelivery or performance by any Credit Party, performance, or with the validity or enforceability of this Agreement or against any Credit Party of the Loan Documents other Loan Documentsthan (x) First Mortgage Approvals, except (iy) as set forth on SCHEDULE 3.4b, or (z) any consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices authorizations and filings which in connection with the failure to make or obtain foregoing that, if not obtained, could not reasonably be expected to have a Material Adverse Effect. Each On the Closing Date, the Administrative Agent and each Lender shall have received complete and current copies of all consents, authorizations and filings listed on SCHEDULES 3.4a and 3.4b. This Agreement and the First Mortgage Indenture have been, and each other Loan Document has been when executed and delivered will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutesand the First Mortgage Indenture constitute, and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Borrower enforceable against each such Loan Party the Borrower, in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Aquila Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has The Borrowers have the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents Documents, to which it is a party and, borrow hereunder and to grant the Liens on the Collateral as provided in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunderSecurity Agreement. Each Loan Party has The Borrowers have taken all necessary corporate action or to authorize the borrowings on the terms and conditions of this Agreement, the Notes and the other organizational Loan Documents. The Borrowers have taken all necessary corporate action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided for in the Loan DocumentsSecurity Agreement. Other than pursuant to the Federal Anti-Assignment Laws and similar state Requirements of Law, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no other consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person (including, without limitation, any stockholder or creditor of any of the Borrowers) is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement, or the Notes, or the other Loan Documents executed by the Borrowers (other than the filing of financing statements in the jurisdictions set forth on Schedule 3.17 necessary to perfect the Bank's security interest in the Collateral). This Agreement or any of has been, and the Notes, and other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effectwill be, (ii) as the filings referred to in Section 3.19 and (iii) consentscase may be, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party theretothe Borrowers. This Agreement constitutes, and each the Notes, and the other Loan Document upon execution Documents constitute or when executed and delivered will constitute, a as the case may be, the legal, valid and binding obligation of each Loan Party party theretothe Borrowers, enforceable against each such Loan Party the Borrowers in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law)) and the Federal Anti-Assignment Laws and similar state Requirements of Law.

Appears in 1 contract

Samples: Credit Agreement (National Home Health Care Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan (a) ------------------------------------------------------- The Borrower and each other Credit Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Credit Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions borrow hereunder and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Credit Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes or Applications. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Credit Party or any other Subsidiary of the Guarantor in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Credit Documents to which the Borrower and each other Loan DocumentsCredit Party is a party, except for (i) consents, authorizations, notices and filings and notices described in Schedule 3.410.4(a), all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effector have the status described therein, (ii) filings to perfect the filings referred to in Section 3.19 and Liens created by the Security Documents, (iii) filings pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. (S) 3737 et seq.), in respect of Accounts of the Borrower and its Subsidiaries the obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iv) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each Loan This Agreement has been, and each other Credit Document has been to which it is a party will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutes, and each other Loan Credit Document upon execution to which it is a party when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Borrower enforceable against each such Loan Party the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or and other similar laws relating to or affecting the enforcement of creditors' rights generally and by generally, general equitable principles (whether enforcement is sought by proceedings considered in a proceeding in equity or at law)) and an implied covenant of good faith and fair dealing.

Appears in 1 contract

Samples: Credit Agreement (Dynatech Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, Notes and Letter of Credit Requests to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsany Notes. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of the other Loan DocumentsBorrower, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.44.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to or on the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Borrower and its Restricted Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof and (iiid) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by the Borrower, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of the Borrower and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (HSI IP, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party The Borrower has (or with respect to the First Mortgage Bonds, the Supplemental Indentures and the Bond Collateral Agreement, when executed, the Borrower shall have) the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Indentures and the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents Documents, and to which it is a party andborrow hereunder. The Borrower has (or with respect to the First Mortgage Bonds, in the case of Supplemental Indentures and the BorrowerBond Collateral Agreement, when executed, the Borrower shall have) taken all necessary corporate action to authorize the borrowings and other extensions of credit on the terms and conditions of set forth in this Agreement and in the Notes and to grant execute, deliver and perform its obligations under the security interests Indentures and Liens as provided in the Loan Documents. Set forth on Schedule 3.4a are all consents or authorizations of, andfilings with, notices to or other acts by or in respect of, any Governmental Authority or any other Person required in connection with the case authorization, execution, or issuance of each Subsidiary Guarantorany First Mortgage Bond, to guarantee the Obligations authorization, delivery, performance or validity of any Supplemental Indenture, or the execution, delivery, performance, validity or enforceability of the Borrower on Bond Collateral Agreement or any Collateral Document related thereto, and in each case any application therefor (collectively, the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents"First Mortgage Approvals"). No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactionsborrowings hereunder, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement the Loan Documents other than (x) First Mortgage Approvals, (y) as set forth on Schedule 3.4b, or (z) any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices authorizations and filings which in connection with the failure to make or obtain foregoing that, if not obtained, could not reasonably be expected to have a Material Adverse Effect. Each On the Closing Date, the Administrative Agent and each Lender shall have received complete and current copies of all consents, authorizations and filings listed on Schedule 3.4b. On the Cash Collateral Release Date, the Administrative Agent and each Lender shall have received complete and current copies of all First Mortgage Approvals. No such consent, authorization or filing is or shall be conditioned upon or otherwise imposes any materially burdensome or adverse condition. This Agreement and the Indentures have been, and each other Loan Document has been when executed and delivered will be, duly executed and delivered on behalf of each Loan Party party theretothe Borrower. This Agreement constitutesand the Indentures constitute, and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, the Borrower enforceable against each such Loan Party the Borrower, in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Northwestern Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party of the Borrower and each Subsidiary has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, party. The Borrower has appropriate power and authority to borrow hereunder and has taken all necessary corporate action to authorize the borrowings and other extensions of credit on the terms and conditions of set forth in this Agreement and to grant the security interests and Liens as provided in the Loan DocumentsNotes. Except as set forth in SCHEDULE 3.4, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No (a) no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority (including any filing, termination of any notice period or consent under the Hart-Xxxxx-Xxxxxx Xxxitrust Improvements Act of 1976, as amended) is required in connection with the borrowings hereunder or with the execution, delivery or performance by the Borrower or any Subsidiary of, or the validity or enforceability of the Loan Documents and (b) no consent or authorization of, filing with, notice to or other act by or in respect of any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement the Loan Documents or the Acquisition Documents to which the Borrower or any of the Subsidiary is a party. This Agreement has been, and each other Loan DocumentsDocument to which it is a party will be, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of the Borrower and each Loan Party party theretoSubsidiary. This Agreement constitutes, and each other Loan Document upon execution to which the Borrower or any Subsidiary, as the case may be, is a party when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party theretothe Borrower or such Subsidiary, as the case may be, enforceable against each the Borrower or such Loan Party Subsidiary, as the case may be, in accordance with its terms, except as the enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium insolvency or other similar laws affecting the enforcement rights of creditors’ rights creditors generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Aavid Thermal Technologies Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each ------------------------------------------------------- Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) approvals by the board of directors or other governing body and such consents, authorizations, filings and notices described in Schedule 3.44.4, which approvals, consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 4.22 and (iii) such approvals, consents, authorizations, filings and notices and filings the absence of which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been, and each other Loan Document has been when executed and delivered pursuant hereto will have been, duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Infonet Services Corp)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Credit Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party, and with respect to the Security Documents to which it is a party andto grant the Liens pursuant thereto. HCC has the corporate power and authority, in and the case of the Borrowerlegal right, to consummate borrow hereunder and has taken all necessary corporate action to authorize the Transactions borrowings on the terms and to borrow conditions of this Agreement, the Notes and obtain other extensions of credit hereunderthe Applications. Each Loan Credit Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party, and with respect to the Security Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens pursuant thereto. Except as provided in the Loan Documentsdisclosed on Schedule V to this Agreement, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No no consent or authorization of, filing with, notice to with or other act by or in respect of, any Governmental Authority or any other Person (other than consents under contracts the failure to obtain would not, in the aggregate, reasonably be expected to have a Material Adverse Effect) is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement Agreement, the Notes, the Applications or any of the other Loan Documents or, with respect to the Security Documents, except (i) consentsthe granting of the Liens thereunder. This Agreement has been, authorizationsand each Note, filings each Application and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each each other Loan Document has been will be, duly executed and delivered on behalf of each Loan Party the Credit Parties party thereto. This Agreement constitutes, and each Note, each Application and each other Loan Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party the Credit Parties party thereto, thereto enforceable against each such Loan Party Credit Parties in accordance with its their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate (or business trust equivalent) power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and to consummate the Transactions and, in the case of the BorrowerBorrowers, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action (or other organizational equivalent) action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and the consummation of the Transactions and, in the case of the BorrowerBorrowers, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsAgreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required to be obtained by any Loan Party in connection with the consummation of the Transactions, Transactions and the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.47.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, effect and (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse EffectSchedule 7.19(a)-1. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Six Flags Inc)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to consummate the Transactions obtain Extensions of Credit hereunder, and to borrow and obtain other extensions of credit hereunder. Each each such Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each of the BorrowerBorrowers, to authorize the borrowings and other extensions Extensions of credit Credit to it, if any, on the terms and conditions of this Agreement Agreement, any Notes and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan DocumentsL/C Requests. No consent or authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person is required to be obtained or made by or on behalf of any Loan Party in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any the Loan Documents to which it is a party or, in the case of each of the other Loan DocumentsBorrowers, with the Extensions of Credit to it, if any, hereunder, except for (ia) consents, authorizations, notices and filings and notices described in Schedule 3.45.4, all of which consents, authorizations, filings and notices have been obtained or made and are in full force and effectprior to the Closing Date, (iib) filings to perfect the Liens created by the Security Documents, (c) filings referred pursuant to the Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq.), in Section 3.19 respect of Accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is the United States of America or any department, agency or instrumentality thereof, (d) filings pursuant to the Financial Administration Act (Canada) in respect of accounts of the Parent Borrower and its Subsidiaries the Obligor in respect of which is Her Majesty the Queen in the right of Canada or any department, agency or instrumentality thereof and (iiie) consents, authorizations, notices and filings which the failure to obtain or make or obtain could would not reasonably be expected to have a Material Adverse Effect. Each This Agreement has been duly executed and delivered by the Parent Borrower and each of the Borrowers, and each other Loan Document has been to which any Loan Party is a party will be duly executed and delivered on behalf of each such Loan Party party theretoParty. This Agreement constitutes, and each other Loan Document upon execution will constitute, constitutes a legal, valid and binding obligation of each of the Borrowers and each other Loan Document to which any Loan Party is a party theretowhen executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (New Sally Holdings, Inc.)

Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform this Agreement, the Loan Documents Note and each other Financing Document to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow hereunder and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or to authorize the borrowings on the terms and conditions of this Agreement, the Note and each other organizational action Financing Document to which it is a party and to authorize the execution, delivery and performance of this Agreement, the Loan Documents Note and each other Financing Document to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documentsparty. No consent or authorization of, filing withapproval by, notice to to, filing with or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit borrowing hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or the Note or any of other Financing Document. This Agreement has been, and the Note and each other Loan DocumentsFinancing Document to which it is a party will be, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party theretoParty. This Agreement constitutes, and the Note and each other Loan Financing Document upon execution when executed and delivered will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).. Section 3,4 No Violations, The execution, delivery and performance of this Agreement and the other Financing Documents, the borrowing hereunder and the use of the proceeds thereof will not violate 21 any Requirement of Law or Contractual Obligation of any Loan Party and will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation. Section 3.5

Appears in 1 contract

Samples: Purchase Order Financing Agreement

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