Common use of Authorization and Contravention Clause in Contracts

Authorization and Contravention. The execution and delivery by, and enforcement against, each Restricted Company of each Loan Paper or related document to which it is a party and the performance by it of its obligations thereunder (a) are within its organizational power, (b) have been duly authorized by all necessary action, (c) require no action by or filing with any Governmental Authority (other than any action or filing that has been taken or made on or before the Closing Date), (d) do not violate any provision of its organizational documents, (e) do not violate any provision of Law or any order of any Governmental Authority applicable to it, other than violations that individually or collectively are not a Material Adverse Event, (f) do not violate any Material Agreements to which it is a party, or (g) do not result in the creation or imposition of any Lien on any asset of any Company.

Appears in 10 contracts

Samples: Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc)

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Authorization and Contravention. The execution and delivery by, and enforcement against, by each Restricted Company of each Loan Paper Document or related document to which it is a party party, and the performance by it of its obligations thereunder thereunder, (a) are within its organizational trust, corporate, limited liability company, or partnership power, (b) have been duly authorized by all necessary actiontrust, corporate, limited liability company, or partnership action of such Person, (c) require no action by or filing with any Governmental Authority (other than any action or filing that has been taken or made on or before the Closing Date)Authority, (d) do not violate any provision of its organizational documentsConstituent Documents, (e) do not violate any provision of Law any Governmental Requirement or any order of any Governmental Authority applicable to it, other than violations that individually or collectively are not a Material Adverse Event, (f) do not violate any Material Agreements material agreements to which it is a party, or (g) do not result in the creation or imposition of any Lien on any asset of any Company, other than pursuant to the Loan Documents.

Appears in 8 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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