Authority, No Contravention. The making and performance by Grantee of this Agreement
(a) have been duly authorized by all necessary action of Grantee, (b) do not and will not violate any provision of any applicable law, rule, or regulation or order of any court, regulatory commission, board or other administrative body or any provision of Grantee’s organization documents and (c) do not and will not result in the breach of, or constitute a default or require any consent under, any other agreement or instrument to which Grantee is a party or by which Grantee or any of its properties are bound or affected.
Authority, No Contravention. The making and performance by Subrecipient of this Agreement (a) have been duly authorized by all necessary action of Subrecipient, (b) do not and will not violate any provision of any applicable law, rule, or regulation or order of any court, regulatory commission, board or other administrative agency, any provision of Subrecipient’s articles of incorporation or bylaws, or any provision of Subrecipient’s charter or other organizational document and (c) do not and will not result in the breach of, or constitute a default or require any consent under any other agreement or instrument to which Subrecipient is a party or by which Subrecipient or any of its properties are bound or affected.
Authority, No Contravention. The making and performance by Subrecipient of this Agreement (a) have been duly authorized by all necessary action of Subrecipient, (b) do not and will not violate any provision of any applicable law, rule, or regulation or order of any court, regulatory commission, board or other administrative agency, or any provision of Subrecipient’s charter or other organizational document and (c) do not and will not result in the breach of, or constitute a default or require any consent under any other agreement or instrument to which Subrecipient is a party or by which Subrecipient or any of its properties are bound or affected.
Authority, No Contravention. The execution, delivery and performance by the Grantors of this Security Agreement are within their respective corporate powers, have been duly authorized by all necessary corporate action, and do not and will not (a) require any consent or approval of their officers or shareholders which have not been obtained, (b) contravene their respective certificates of incorporation or by-laws, (c) violate any provision of any law, order, writ, judgment, injunction, decree, determination, or award presently in effect applicable to them, (d) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease, or instrument to which they are a party or by which they or their properties may be bound or affected, or (e) result in, or require, the creation or imposition of any lien (except in favor of the Bank) upon or with respect to any of the properties now owned or hereafter acquired by them.
Authority, No Contravention. The making and performance by Applicant of this Agreement (a) have been duly authorized by all necessary action of Applicant, (b) do not and will not violate any provision of Applicant’s articles of incorporation and bylaws, and, to the best of Applicant’s knowledge, do not and will not violate any provision of any applicable law, rule, regulation, or order of any court, regulatory commission, board, or other administrative agency, and (c) to the best of Applicant’s knowledge, do not and will not result in the breach of, or constitute a default or require any consent under any other agreement or instrument to which Applicant is a party or by which Applicant or any of its properties may be bound or affected;
Authority, No Contravention. The execution, delivery and performance by Borrower of this Pledge Agreement are within its limited liability company powers, have been duly authorized by all necessary limited liability company action, and do not and will not (a) require any consent or approval of its members, which has not been obtained, or (b) contravene its articles of organization or operating agreement. The execution, delivery and performance by Borrower of this Pledge Agreement do not and will not (a) violate any provision of any Law, order, writ, judgment, injunction, decree, determination, or award presently in effect applicable to it, (b) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease, or instrument to which it is a party or by which it or its properties may be bound or affected, or (c) except for the lien created hereby, result in, or require, the creation or imposition of any lien upon or with respect to any of the properties now owned or hereafter acquired by it.
Authority, No Contravention. 13 Section 6.2 Approvals.................................................................13 Section 6.3 Purchase Entirely for Own Account; Restrictions on Transfer...............13 Section 6.4 No Adverse Consequences...................................................13 Section 6.5
Authority, No Contravention. The execution, delivery and performance by Trilogy Capital, Mesa, Bonne Santé Natural Manufacturing, and Bonne Sante of this Pledge Agreement are within its limited liability company or corporate powers, have been duly authorized by all necessary limited liability company or corporate action, and do not and will not (i) require any consent or approval of its members, managers, shareholders or directors which has not been obtained, or (ii) contravene Pledgor’s Organizational Documents. The execution, delivery and performance by Pledgor of this Pledge Agreement do not and will not (x) violate any provision of any Law, order, writ, judgment, injunction, decree, determination, or award presently in effect applicable to it, (y) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease, or instrument to which it is a party or by which it or its properties may be bound or affected, or (z) result in, or require, the creation or imposition of any lien upon or with respect to any of the properties now owned or hereafter acquired by it.
Authority, No Contravention. Each of Borrower and Guarantor has the corporate power and authority to own or hold under lease its properties and to enter into and perform its obligations hereunder and under the other Loan Documents to which it is a party; and the borrowing hereunder by Borrower from Lender, the execution, delivery and performance of the Loan Documents to which Borrower and Guarantor, respectively, are party, (i) have been duly authorized by all necessary corporate action on the part of Borrower or Guarantor, as applicable; (ii) do not require any stockholder approval or approval or consent of any trustee or holders of any indebtedness or obligations of Borrower or Guarantor, except such as have been duly obtained; and (iii) do not and will not contravene any law, governmental rule, regulation or order now binding on Borrower or Guarantor, or the certificate of incorporation or bylaws of Borrower or Guarantor, or contravene the provisions of, or constitute a default under, or result in the creation of any lien or encumbrance upon the property of Borrower or Guarantor under any agreement to which either of them is a party or by which it or its property is bound.
Authority, No Contravention. The making and performance by the Company of this Agreement, and the issuance of the Securities pursuant to the exchange, (a) have been duly authorized by all necessary corporate action of the Company, and (b) do not and will not violate any provision of any applicable law, rule, regulation or order of any court, regulatory commission, board or other administrative agency or any provision of the Company's articles of incorporation or bylaws.
