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

Authority, No Conflicts, Etc. The execution, delivery and --------- -- --------- --- performance by each of FCI, FMB, FAC and Vacation Break of this Amendment and the consummation of the transactions contemplated hereby, (i) are within the corporate power of each of such parties and have been duly authorized by all necessary corporate action on the part of each of such parties, (ii) do not require any approval or consent of, or filing with, any governmental authority or other third party and (iii) do not conflict with, constitute a breach or default under or result in the imposition of any lien or encumbrance pursuant to any agreement, instrument or other document to which any of such entity is a party or by which any of them or any of their properties are bound or affected.

Authority, No Conflicts, Etc. The execution, delivery and --------- -- --------- --- ------------------------------ performance by each of FCIFCI and the Subsidiary Guarantors, FMBas the case may be, FAC and Vacation Break of this Amendment and the consummation of the transactions contemplated hereby, hereby (i) are within the corporate power of each of such parties respective party and have been duly authorized by all necessary corporate action on the part of each of such partiesrespective party, (ii) do not require any approval or consent of, or filing with, any governmental authority or other third party party, and (iii) do not conflict with, constitute a breach or default under or result in the imposition of any lien or encumbrance pursuant to any agreement, instrument or other document to which any of such entity is a party or by which any of them such party or any of their its properties are bound or affected.

Authority, No Conflicts, Etc. The execution, delivery --------------------------------- and --------- -- --------- --- performance by each of FCIFCI and the Subsidiary Guarantors, FMBas the case may be, FAC and Vacation Break of this Amendment and the consummation of the transactions contemplated hereby, hereby (i) are within the corporate power of each of such parties respective party and have been duly authorized by all necessary corporate action on the part of each of such partiesrespective party, (ii) do not require any approval or consent of, or filing with, any governmental authority or other third party party, and (iii) do not conflict with, constitute a breach or default under or result in the imposition of any lien or encumbrance pursuant to any agreement, instrument or other document to which any of such entity is a party or by which any of them such party or any of their its properties are bound or affected.

Authority, No Conflicts, Etc. The execution, delivery and --------- -- --------- --- ------------------------------ performance by each of FCI, FMB, FAC and Vacation Break the Guarantors of this Amendment and the consummation of the transactions contemplated herebyhereby and thereby, (i) are within the corporate power of each of such parties respective party and have been duly authorized by all necessary corporate action on the part of each of such partiesrespective party, (ii) do not require any approval or consent of, or filing with, any governmental authority or other third party party, and (iii) do not conflict with, constitute a breach or default under or result in the imposition of any lien or encumbrance pursuant to any agreement, instrument or other document to which any of such entity is a party or by which any of them such party or any of their its properties are bound or affected.

Authority, No Conflicts, Etc. The execution, delivery and --------- -- --------- --- ------------------------------ performance by each of FCI, FMB, FAC and Vacation Break the Guarantors, as the case may be, of this Amendment and the Amended Note, and the consummation of the transactions contemplated herebyhereby and thereby, (i) are within the corporate power of each of such parties respective party and have been duly authorized by all necessary corporate action on the part of each of such partiesrespective party, (ii) do not require any approval or consent of, or filing with, any governmental authority or other third party party, and (iii) do not conflict with, constitute a breach or default under or result in the imposition of any lien or encumbrance pursuant to any agreement, instrument or other document to which any of such entity is a party or by which any of them such party or any of their its properties are bound or affected.

Authority, No Conflicts, Etc. The execution, delivery ---------------------------- and --------- -- --------- --- performance by each of FCIFAC, FMB, FAC FCI and Vacation Break FMB of this Amendment and the consummation of the transactions contemplated hereby, (i) are within the corporate power of each of such parties and have been duly authorized by all necessary corporate action on the part of each of such parties, (ii) do not require any approval or consent of, or filing with, any governmental authority or other third party party, and (iii) do not conflict with, constitute a breach or default under or result in the imposition of any lien or encumbrance pursuant to any agreement, instrument or other document to which any of such entity is a party or by which any of them or any of their properties are bound or affected.