AUTHORIZATION; CONSENTS; ENFORCEABLE OBLIGATIONS Sample Clauses

AUTHORIZATION; CONSENTS; ENFORCEABLE OBLIGATIONS. Each of the Credit Parties has taken all corporate action necessary to be taken by it to authorize the execution and delivery of and the performance of its obligations under the Credit Documents to which it is or will be a party, and in the case of the Borrower the obtaining of Accommodation hereunder. Except as has been obtained and is in full force and effect, no consent, waiver or authorization of, or filing with or notice to, any person (including any creditors or shareholders of any of the Credit Parties) is required to be obtained in connection with the execution and delivery of and the performance by any of the Credit Parties of its obligations under the Credit Documents to which it is or will be a party, or in the case of the Borrower the obtaining of Accommodation hereunder. Each of the Credit Documents has been duly executed and delivered by each of the Credit Parties that is a party thereto, and constitutes a legal, valid and binding obligation of each such Credit Party enforceable against such Credit Party in accordance with its terms subject to (i) applicable bankruptcy, insolvency, moratorium and other similar laws affecting the rights of creditors generally, (ii) the fact that equitable remedies such as injunctions and specific performance may only be granted in the discretion of the courts before which they are sought, and (iii) the fact that the holding and disposition of shares of the Borrower by the Lenders or their agents, including the Collateral Agent, pursuant to the Security, may be subject to restrictions under the Telecommunications Act (Canada) and/or the Radiocommunication Act of Canada and the regulations pursuant thereto.
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AUTHORIZATION; CONSENTS; ENFORCEABLE OBLIGATIONS. Each of the Credit Parties has taken all corporate action necessary to be taken by it to authorize the execution and delivery of and the performance of its obligations under the Credit Documents to which it is or will be a party, and in the case of the Borrower the obtaining of Loans hereunder. Except as has been obtained and is in full
Sample 1
AUTHORIZATION; CONSENTS; ENFORCEABLE OBLIGATIONS. (i) The Borrower has taken all corporate action necessary to be taken by it to authorize the obtaining of the Loan by it hereunder and the execution and delivery of, and the performance of its obligations under this Agreement and the Security to which it is a party. Except as otherwise contemplated in this Agreement, no consent, waiver or authorization of, or filing with, any person (including, without limitation, any creditors of the Borrower or any governmental authority or agency) is required to be obtained by the Borrower in connection with the obtaining of the Loan hereunder by the Borrower or the execution and delivery of, and the performance, validity or enforceability of this Agreement or the Security to which the Borrower is a party. This Agreement and the Security to which the Borrower is a party have been duly executed and delivered by the Borrower, and, once the Security has been registered as contemplated in Clause 7.2 hereof, constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforceability of creditors’ rights generally or by general principles of equity.
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AUTHORIZATION; CONSENTS; ENFORCEABLE OBLIGATIONS. It has taken all corporate action necessary to be taken by it to authorize the execution and delivery of, and the exercise of its rights and the performance of its obligations under, the Loan Documents. Except as has been obtained and is in full force and effect, no consent, waiver or authorization of, or filing with or notice to, any Person is required to be obtained in connection with the execution and delivery of, and the exercise by it of its rights and the performance by it of its obligations under, the Loan Documents. Each of the Loan Documents has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization and other similar laws affecting creditors’ rights generally and equitable principles.
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Related to AUTHORIZATION; CONSENTS; ENFORCEABLE OBLIGATIONS

  • Power; Authorization; Enforceable Obligations Each Loan Party has the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is (or becomes) a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Prior to becoming a party thereto, each Loan Party will have taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the Spin-Off and the extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 4.4, which consents, authorizations, filings and notices will have been obtained or made and will be in full force and effect on or prior to the Closing Date and (ii) the filings referred to in Section 4.19. Each Loan Document will have been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

  • Corporate Power; Authorization; Enforceable Obligations Each Loan Party has the corporate or business trust power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 3.4, which consents, authorizations, filings and notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents, notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

  • Authorization; Consents The execution, delivery and performance by the Allocatee of the Allocation Agreement and the carrying out of the authorized use(s) of the NMTC Allocation provided hereunder are within the Allocatee’s powers and have been duly authorized by all necessary corporate, partnership or limited liability company action and no consent, approval, authorization or order of, notice to and filing with, any third party including, without limitation, any governmental entity which has not been previously obtained, is required in connection with such execution, delivery and performance. The Allocatee will make all such notices or filings that may be required after the Allocation Date in accordance with the applicable time periods for such notices or filings.

  • Governmental Authorization; Consents (a) The execution, delivery and performance by Parent and Buyer of this Agreement require no action by or in respect of, or filing with, any Governmental Entity.

  • Enforceable Obligations This Agreement is, and the other Loan Documents when duly executed and delivered will be, legal, valid and binding obligations of each Restricted Person which is a party hereto or thereto, enforceable in accordance with their terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors' rights.

  • Authorization and Consents All necessary corporate action has been taken to authorize, and all necessary consents and authorities have been obtained and remain in full force and effect to permit, each Security Party to enter into and perform its obligations under this Agreement, the Note and the Security Documents and, in the case of the Borrower to borrow, service and repay the Facility and, as of the date of this Agreement, no further consents or authorities are necessary for the service and repayment of the Facility or any part thereof;

  • Governmental Authorizations and Consents Each Credit Party shall have obtained all Governmental Authorizations and all consents of other Persons, in each case that are necessary or advisable in connection with the transactions contemplated by the Credit Documents and each of the foregoing shall be in full force and effect and in form and substance reasonably satisfactory to Administrative Agent. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the transactions contemplated by the Credit Documents or the financing thereof and no action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any applicable agency to take action to set aside its consent on its own motion shall have expired.

  • Governmental Authorization; Other Consents No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document.

  • Authorization; No Conflict Each Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, the Company is duly authorized to borrow monies hereunder and each Loan Party is duly authorized to perform its Obligations under each Loan Document to which it is a party. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party, and the borrowings by the Company hereunder, do not and will not (a) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision of law, (ii) the charter, by-laws or other organizational documents of any Loan Party or (iii) any agreement, indenture, instrument or other document, or any judgment, order or decree, which is binding upon any Loan Party or any of their respective properties or (c) require, or result in, the creation or imposition of any Lien on any asset of any Loan Party (other than Liens in favor of the Administrative Agent created pursuant to the Collateral Documents).

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