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

Authority, No Conflicts, Etc. The execution, delivery and performance by the Borrower of this Amendment and the consummation of the transactions contemplated hereby, (i) are within the corporate powers of the Borrower and have been duly authorized by all necessary corporate action on the part of the Borrower, (ii) do not require any approval or consent of, or notice to or filing with, any governmental agency or authority, any court or other tribunal, or any other Person which has not been given or obtained, (iii) do not violate any provisions of any law, rule, or regulation or any provision of any order, judgment, injunction, or decree presently in effect, or any provision of the charter documents or by-laws of the Borrower, (iv) do not result in any breach of or constitute a default under any other agreement or instrument to which the Borrower is a party or by which it or any of its properties are bound, and (v) do not result in or require the creation or imposition of any mortgage, deed of trust, pledge, lien, security interest or other charge or encumbrance of any nature upon any of the assets or properties of the Borrower.

Appears in 2 contracts

Samples: Bank Credit Agreement (Rollins Truck Leasing Corp), Rollins Truck Leasing Corp

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Authority, No Conflicts, Etc. The execution, delivery and performance by the Borrower Rxxxxxx of this Amendment and the consummation of the transactions contemplated hereby, (i) are within the corporate powers of the Borrower Rxxxxxx and have been duly authorized by all necessary corporate action on the part of the BorrowerRxxxxxx, (ii) do not require any approval or consent of, or notice to or filing with, any governmental agency or authority, any court or other tribunal, or any other Person which has not been given or obtained, (iii) do not violate any provisions of any law, rule, or regulation or any provision of any order, judgment, injunction, or decree presently in effect, or any provision of the charter documents or by-laws of the BorrowerRxxxxxx, (iv) do not result in any breach of or constitute a default under any other agreement or instrument to which the Borrower Rxxxxxx is a party or by which it or any of its properties are bound, and (v) do not result in or require the creation or imposition of any mortgage, deed of trust, pledge, lien, security interest or other charge or encumbrance of any nature upon any of the assets or properties of the BorrowerRxxxxxx.

Appears in 2 contracts

Samples: Rollins Truck Leasing Corp, Rollins Truck Leasing Corp

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