Common use of Authority, No Conflicts, Etc Clause in Contracts

Authority, No Conflicts, Etc. The execution, delivery and performance of this Amendment and the transactions contemplated hereby (i) are within the corporate authority of the Borrower and the Guarantors, (ii) have been duly authorized by all necessary corporate proceedings, (iii) do not conflict with or result in any material breach or contravention of any provision of law, statute, rule or regulation to which the Borrower or any Guarantor is subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower or Guarantors so as to materially adversely affect the assets, business or any activity of the Borrower or Guarantors, and (iv) do not conflict with any provision of the corporate charter or bylaws of the Borrower or Guarantors or any agreement or other instrument binding upon them. The execution, delivery and performance of this Amendment will result in valid and legally binding obligations of the Borrower and Guarantors enforceable against each in accordance with the respective terms and provisions hereof.

Appears in 5 contracts

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

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Authority, No Conflicts, Etc. The execution, delivery and performance of this Amendment and the transactions contemplated hereby (i) are within the corporate authority of the Borrower and the Guarantors, (ii) have been duly authorized by all necessary corporate proceedings, (iii) do not conflict with or result in any material breach or contravention of any provision of law, statute, rule or regulation to which the Borrower or any Guarantor is subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower or Guarantors so as to materially adversely affect the assets, business or any activity of the Borrower or Guarantors, and (iv) do not conflict with any provision of the corporate charter or bylaws of the Borrower or Guarantors or any agreement or other instrument binding upon them. The execution, delivery and performance of this Amendment will result in valid and legally binding obligations of the Borrower and Guarantors Guarantors, enforceable against each in accordance with the respective terms and provisions hereof.

Appears in 2 contracts

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

Authority, No Conflicts, Etc. The execution, delivery and performance of this Amendment Waiver and the transactions contemplated hereby (i) are within the corporate authority of the Borrower and the Guarantors, (ii) have been duly authorized by all necessary corporate proceedings, (iii) do not conflict with or result in any material breach or contravention of any provision of law, statute, rule or regulation to which the Borrower or any Guarantor is subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower or Guarantors so as to materially adversely affect the assets, business or any activity of the Borrower or Guarantors, and (iv) do not conflict with any provision of the corporate charter or bylaws of the Borrower or Guarantors or any agreement or other instrument binding upon them. The execution, delivery and performance of this Amendment Waiver will result in valid and legally binding obligations of the Borrower and Guarantors enforceable against each in accordance with the respective terms and provisions hereof.

Appears in 2 contracts

Samples: Limited Waiver (Iteq Inc), Limited Waiver (Iteq Inc)

Authority, No Conflicts, Etc. The Borrower hereby represents and warrants to the Banks and the Agent that the execution, delivery and performance of this Amendment Waiver and the transactions contemplated hereby (i) are within the corporate authority of the Borrower and the Guarantors, (ii) have been duly authorized by all necessary corporate proceedings, (iii) do not conflict with or result in any material breach or contravention of any provision of law, statute, rule or regulation to which the Borrower or any Guarantor is subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower or the Guarantors so as to materially adversely affect the assets, business or any activity of the Borrower or the Guarantors, and (iv) do not conflict with any provision of the corporate charter or bylaws of the Borrower or the Guarantors or any agreement or other instrument binding upon them. The execution, delivery and performance of this Amendment Waiver will result in valid and legally binding obligations of the Borrower and the Guarantors enforceable against each in accordance with the respective terms and provisions hereof.

Appears in 1 contract

Samples: Limited Waiver to Revolving Credit Agreement (Iteq Inc)

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Authority, No Conflicts, Etc. The Borrower hereby represents and warrants to the Banks and the Agent that the execution, delivery and performance of this Amendment Waiver and the transactions contemplated hereby (i) are within the corporate authority of the Borrower and the Guarantors, (ii) have been duly authorized by all necessary corporate proceedings, (iii) do not conflict with or result in any material breach or contravention of any provision of law, statute, rule or regulation to which the Borrower or any Guarantor is subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower or Guarantors so as to materially adversely affect the assets, business or any activity of the Borrower or Guarantors, and (iv) do not conflict with any provision of the corporate charter or bylaws of the Borrower or Guarantors or any agreement or other instrument binding upon them. The execution, delivery and performance of this Amendment Waiver will result in valid and legally binding obligations of the Borrower and Guarantors enforceable against each in accordance with the respective terms and provisions hereof.

Appears in 1 contract

Samples: Limited Waiver to Revolving Credit Agreement (Iteq Inc)

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