Corporate Power; No Legal Bar Sample Clauses

Corporate Power; No Legal Bar. The execution, delivery, and performance by the Borrower of this Agreement and any Note are within its corporate powers, have been duly authorized by all necessary corporate action, and do not violate any provision of law or any agreement, indenture, note, or other instrument binding upon or affecting it or its charter or by-laws or give cause for acceleration of any of its Indebtedness, except to the extent that such violation or acceleration would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.
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Corporate Power; No Legal Bar. ‌ 40 509265-1292-1635217123-Active.25783117.740387902.9 ​ 4.5.Authorization; Enforceability ‌ 40 4.6.ERISA ‌ 40 0.0.Xx Material Litigation ‌ 40 4.8.Taxes ‌ 41 4.9.Purpose of Loans ‌ 41 0.00.Xx Default ‌ 41 4.11.Environmental Matters ‌ 41 4.12.Anti-Corruption Laws and Sanctions ‌ 41 4.13.EEA Financial Institutions ‌ 42 SECTION 5. CONDITIONS PRECEDENT ‌ 42 5.1.Effective Date ‌ 42 5.2.[Reserved] ‌ 43 5.3.Conditions to Each Extension of Credit ‌ 43 SECTION 6. COVENANTS ‌ 43 0.0.Xxxxxxxxx Statements; Certificates ‌ 43 6.2.Compliance; Maintenance of Existence ‌ 45
Corporate Power; No Legal Bar. ‌ 48 509265-1292-17123-Active.40387902.9 ​ 4.5.Authorization; Enforceability ‌ 48 4.6.ERISA ‌ 48 0.0.Xx Material Litigation ‌ 48 4.8.Taxes ‌ 49 4.9.Purpose of Loans ‌ 49 0.00.Xx Default ‌ 49 4.11.Environmental Matters ‌ 49 4.12.Anti-Corruption Laws and Sanctions ‌ 49 4.13.Affected Financial Institutions ‌ 50 SECTION 5. CONDITIONS PRECEDENT ‌ 50 5.1.Effective Date ‌ 50 5.2.[Reserved] ‌ 51 5.3.Conditions to Each Extension of Credit ‌ 51 SECTION 6. COVENANTS ‌ 51 0.0.Xxxxxxxxx Statements; Certificates ‌ 51 6.2.Compliance; Maintenance of Existence ‌ 53 6.3.Inspection of Property; Books and Records; Discussions ‌ 53 6.4.Notices ‌ 54 6.5.Limitation on Fundamental Changes ‌ 54 6.6.[Reserved] ‌ 55 6.7.Disposition of Property ‌ 55 6.8.Consolidated Capitalization Ratio ‌ 55 6.9.Limitation on Liens ‌ 55 6.10.Payment of Taxes ‌ 55 6.11.Ownership of SCE ‌ 55 0.00.Xx Liens on Common Stock ‌ 55 6.13.Clauses Restricting SCE Distributions ‌ 55 6.14.Compliance with Anti-Corruption Laws and Sanctions ‌ 56 SECTION 7. EVENTS OF DEFAULT ‌ 56 SECTION 8. THE ADMINISTRATIVE AGENT ‌ 59 8.1.Appointment ‌ 59 8.2.Delegation of Duties ‌ 59 8.3.Exculpatory Provisions ‌ 59 0.0.Xxxxxxxx by Administrative Agent ‌ 59 8.5.Notice of Default ‌ 60 8.6.Non-Reliance on Administrative Agent and Other Lenders ‌ 60 8.7.Indemnification ‌ 62 8.8.Administrative Agent in Its Individual Capacity ‌ 62 8.9.Successor Administrative Agent ‌ 62 8.10.The Co-Syndication and Documentation Agents ‌ 63 8.11.Certain ERISA Matters ‌ 63 509265-1292-17123-Active.40387902.9 ​ SECTION 9. MISCELLANEOUS ‌ 64 9.1.Amendments and Waivers ‌ 64 9.2.Notices ‌ 65 0.0.Xx Waiver; Cumulative Remedies ‌ 66 9.4.Survival ‌ 66 9.5.Payment of Expenses ‌ 66 9.6.Transfer Provisions ‌ 67 9.7.Adjustments; Set-Off ‌ 70 9.8.Counterparts ‌ 71 9.9.Severability ‌ 72 9.10.Integration ‌ 72 9.11.GOVERNING LAW ‌ 72 9.12.WAIVERS OF JURY TRIAL ‌ 72 9.13.Submission To Jurisdiction; Waivers ‌ 72 9.14.Confidentiality ‌ 73 9.15.Patriot Act ‌ 74 9.16.California Judicial Reference ‌ 74 0.00.Xx Fiduciary Duty ‌ 74 9.18.Amendment and Restatement ‌ 75 9.19.Acknowledgement and Consent to Bail-In of Affected Financial Institutions ‌ 75 ​ SCHEDULES

Related to Corporate Power; No Legal Bar

  • Corporate Power, Etc Administrative Borrower (a) has all requisite corporate power and authority to execute and deliver this Tenth Amendment and to consummate the transactions contemplated hereby for itself and, in the case of Administrative Borrower, on behalf of all of the other Borrowers, and (b) has taken all action, corporate or otherwise, necessary to authorize the execution and delivery of this Tenth Amendment and the consummation of the transactions contemplated hereby for itself and, in the case of Administrative Borrower, on behalf of all of the other Borrowers.

  • Corporate Power; Authorization The Company has all requisite corporate power and has taken all requisite corporate action to execute and deliver this Warrant, to sell and issue the Warrant and Warrant Stock and to carry out and perform all of its obligations hereunder. This Warrant has been duly authorized, executed and delivered on behalf of the Company by the person executing this Warrant and constitutes the valid and binding agreement of the Company, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the enforcement of creditors' rights generally and (ii) as limited by equitable principles generally.

  • Corporate Power and Authority; No Conflicts The execution, delivery and performance by Borrower and each Guarantor of the Loan Documents to which it is a party have been duly authorized by all necessary corporate action and do not and will not: (a) require any consent or approval of its stockholders which has not been obtained; (b) contravene its certificate of incorporation or by-laws; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated by the Security Documents), registration, consent or approval under any Law (including, without limitation, Regulations T, U and X of the Board of Governors), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Borrower or any Guarantor; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which Borrower or any Guarantor is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created under the Security Documents), upon or with respect to any of the properties now owned or hereafter acquired by Borrower or any Guarantor; or (f) cause such corporation to be in default under any such Law, order, writ, judgment, injunction, decree, determination or award or any such indenture, agreement, lease or instrument.

  • Corporate Power The Company has all requisite corporate power to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

  • Corporate Power and Authorization The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

  • Corporate Power and Authority Each Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "AMENDED AGREEMENT").

  • Due Organization, Good Standing and Corporate Power Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted, except where the failure to be so organized, existing and in good standing or to have such power and authority would not have a material adverse effect on the business, properties, assets, operations, results of operations or financial condition (the "Condition") of the Company and its Subsidiaries taken as a whole. Each of the Company and its Subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would not have a material adverse effect on the Condition of the Company and its Subsidiaries taken as a whole. The Company has made available to Parent and Sub complete and correct copies of the Restated and Amended Certificate of Incorporation and By-Laws of the Company and the comparable governing documents of each of its Subsidiaries, in each case as amended to the date of this Agreement. Other than as set forth in Section 3.01(a) of the Company's disclosure letter (the "Company Disclosure Letter") delivered concurrently with the delivery of this Agreement, the respective certificates of incorporation and by-laws or other organizational documents of the Subsidiaries of the Company do not contain any provision limiting or otherwise restricting the ability of the Company to control such Subsidiaries.

  • Due Incorporation; Good Standing; Corporate Power; Etc The Company is duly incorporated, validly existing and in good standing under the laws of the State of Delaware and is a Citizen of the United States and has the full corporate power, authority and legal right under the laws of the State of Delaware to execute and deliver this Note Purchase Agreement and each Financing Agreement to which it will be a party and to carry out the obligations of the Company under this Note Purchase Agreement and each Financing Agreement to which it will be a party;

  • Corporate Powers The execution, delivery and performance of the Loan Documents required to be delivered by the General Partner hereunder are within the corporate powers of the General Partner, have been duly authorized by all requisite corporate action, and are not in conflict with the terms of any organizational instruments of the General Partner, or any instrument or agreement to which the General Partner is a party or by which the General Partner or any of its assets is bound or affected.

  • Organization, Good Standing, Corporate Power and Qualification The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.

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