Common use of Authorization; No Conflict Clause in Contracts

Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.

Appears in 3 contracts

Samples: Convertible Loan Agreement (Nuway Medical Inc), Convertible Loan Agreement (Nuway Medical Inc), Convertible Loan Agreement (Nuway Medical Inc)

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Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement the Notes and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note Notes are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Fansteel Inc), Revolving Credit and Term Loan Agreement (Continental Materials Corp), Revolving Credit and Term Loan Agreement (Continental Materials Corp)

Authorization; No Conflict. The borrowings Borrowings hereunder, the execution and delivery of this Agreement the Notes and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note Notes are within the Borrower's ’s corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary Subsidiary or of any agreement binding upon the Borrower or any subsidiarySubsidiary.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Continental Materials Corp), Revolving Credit and Term Loan Agreement (Continental Materials Corp)

Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement the Note and the Convertible Term Note, the performance by the Borrower Company of its obligations under this Agreement and the Convertible Term Note are within the Borrower's corporate powerspowers of the Company, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary Company or of any agreement binding upon the Borrower or any subsidiaryCompany.

Appears in 2 contracts

Samples: Term Note (Electropure Inc), Term Note (Electropure Inc)

Authorization; No Conflict. The borrowings hereunder, the execution and delivery by the Borrower of this Agreement Agreement, the Borrowings hereunder, and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note are within the Borrower's corporate powers, have been duly authorized by all necessary corporate action, have received all necessary governmental approval approvals (if any shall be required) ), and do not and will not contravene or conflict with any provision of law law, regulation or court order or of the charter articles of incorporation or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiaryBorrower.

Appears in 2 contracts

Samples: 364 Day Bridge Competitive Advance and Revolving Credit Facility Agreement (Lee Sara Corp), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Lee Sara Corp)

Authorization; No Conflict. The borrowings hereunder, the execution and delivery by the Borrower of this Agreement Agreement, the Loan hereunder, and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note are within the Borrower's ’s corporate powers, have been duly authorized by all necessary corporate action, have received all necessary governmental approval approvals (if any shall be required) ), and do not and will not contravene or conflict with any provision of law law, regulation or court order or of the charter articles of incorporation or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiaryBorrower.

Appears in 2 contracts

Samples: Interim Loan Agreement (Sara Lee Corp), Interim Loan Agreement (D.E Master Blenders 1753 B.V.)

Authorization; No Conflict. The borrowings execution and delivery of this Agreement, the borrowing hereunder, the execution and delivery of this Agreement the Note and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note are within the Borrower's corporate powers, have been duly authorized by all necessary corporate action, have received all necessary governmental approval approvals (if any shall be required) and do not and will not contravene or conflict with any rule, regulation, decree or order or provision of law or of the charter or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.the

Appears in 1 contract

Samples: Loan Agreement (Intelect Communications Systems LTD)

Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement Agreement, the Term Note and the Convertible Term Note, Warrant and the performance by the Borrower of its obligations under this Agreement Agreement, the Term Note and the Convertible Term Note Warrant are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.

Appears in 1 contract

Samples: Term Loan Agreement (Nuway Medical Inc)

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Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement the Note and the Convertible Term Note, the performance by the Borrower Company of its their respective obligations under this Agreement and the Convertible Term Note are within the Borrower's corporate powerspowers of the Company, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary Company or of any agreement binding upon the Borrower or any subsidiaryCompany.

Appears in 1 contract

Samples: Settlement Agreement (Electropure Inc)

Authorization; No Conflict. The borrowings borrowing hereunder, the execution and delivery of this Agreement the Note and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement Agreement, the Note and the Convertible Term Note any other related documents are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or articles of incorporation of the Borrower, the by-laws of the Borrower or any subsidiary or of any other material agreement binding upon the Borrower or any subsidiaryBorrower.

Appears in 1 contract

Samples: Loan Agreement (Learncom Inc /Nv/)

Authorization; No Conflict. The borrowings borrowing hereunder, the execution and delivery of this Agreement the Note and the Convertible Term Note, the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Hydraulics Inc)

Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement and the Convertible Term Noteother Transaction Documents, and the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note other Transaction Documents are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-by- laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.

Appears in 1 contract

Samples: Term Loan Agreement (Imedia International Inc)

Authorization; No Conflict. The borrowings hereunder, the execution and delivery of this Agreement and the Convertible Term Noteother Transaction Documents, and the performance by the Borrower of its obligations under this Agreement and the Convertible Term Note other Transaction Documents are within the Borrower's corporate powers, have been authorized by all necessary corporate action, have received all necessary governmental approval (if any shall be required) and do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Borrower or any subsidiary or of any agreement binding upon the Borrower or any subsidiary.

Appears in 1 contract

Samples: Term Loan Agreement (Imedia International Inc)

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