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authority to enter into this Agreement and the Transaction Documents to which it is a party, to carry out its obligations hereunder and thereunder and to consummate the Transactions. The execution and delivery by the Company of this Agreement and the Transaction Documents to which it is a party, the performance by the Company of its obligations hereunder and thereunder and the consummation by the Company of the Transactions have been duly authorized by all requisite limited liability company action on the part of the Company, subject only to the receipt of the Company Equity Holders\u2019 Approval. This Agreement has been duly and validly executed and delivered by the Company, and (assuming due authorization, execution and delivery by any other applicable parties thereto) constitutes, or upon such delivery constitutes, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors\u2019 rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity) (the \u201cEnforcement Exceptions\u201d). The Company\u2019s board of managers, by resolutions duly adopted at a meeting duly called and held or by action by unanimous written consent in accordance with the Company\u2019s Organizational Documents (i) determined that this Agreement, the Transaction Documents and the Merger and the other Transactions are advisable, fair to, and in the best interests of, the Company and its members, (ii) approved this Agreement, the Transactions and the Merger and the other Transactions in accordance with the DLLCA, (iii) directed that this Agreement be submitted to the Company\u2019s members for adoption and (iv) resolved to recommend that the Company\u2019s members adopt this Agreement. The voting covenants contained within the Company Support Agreements include agreements by holders of Company Interests constituting the requisite vote of the holders of the Company Interests to approve this Agreement, the Transaction Documents, the Merger and the other Transactions in accordance with the DLLCA and the Company\u2019s Organizational Documents.\n(b) Subject to the receipt of the Company Equity Holders\u2019 Approval, except for applicable requirements under the HSR Act or as otherwise set forth on Section 3.3(b) of the Company Disclosure Schedule, the execution, delivery and performance of this Agreement and the Transaction Documents by the Company and its Subsidiaries, and the consummation of the Transactions, do not and will not, with or without notice, lapse of time or both: (i) conflict with or result in a breach or violation of the Organizational Documents of the Company or any of its Subsidiaries; (ii) require any consent, waiver, approval, declaration or authorization of, or notice to or filing with, any Governmental Authority; or (iii) violate, conflict with, result in a breach or default under (with notice or lapse of time or both), result in, or give any Person a right of, termination, cancellation, acceleration, suspension, modification or revocation under, give rise to any obligation to make payments or provide compensation under, result in the creation of any Lien upon any of the properties or assets of an Acquired Company under, give any Person the right to declare a default, exercise any remedy, claim a rebate, chargeback, penalty or change in delivery schedule, accelerate the maturity or performance under, or require any consent, waiver, approval, notice, filing, declaration or authorization under, any Material Contract or Material Permit, except, with respect to the foregoing clauses (ii) and (iii), as would not, individually or in the aggregate, reasonably be likely to have a Material Adverse Effect.", "size": 149, "hash": "b1e869f781c674dc6395b344c48a588a", "id": 1}, {"samples": [{"hash": "hWONZyrhEuI", "uri": "/contracts/hWONZyrhEuI#authorization-no-conflict", "label": "Credit Agreement (Atlas Industries Holdings LLC)", "score": 21.0, "published": true}, {"hash": "eOOSloJG1XK", "uri": "/contracts/eOOSloJG1XK#authorization-no-conflict", "label": "Credit Agreement (Atlas Industries Holdings LLC)", "score": 21.0, "published": true}, {"hash": "djJqoaG0ELo", "uri": "/contracts/djJqoaG0ELo#authorization-no-conflict", "label": "Credit Agreement (Atlas Industries Holdings LLC)", "score": 21.0, "published": true}], "snippet_links": [{"key": "loan-party", "type": "definition", "offset": [32, 42]}, {"key": "duly-authorized", "type": "clause", "offset": [46, 61]}, {"key": "execute-and-deliver", "type": "clause", "offset": [65, 84]}, {"key": "loan-document", "type": "clause", "offset": [90, 103]}, {"key": "a-party", "type": "clause", "offset": [128, 135]}, {"key": "related-transactions", "type": "definition", "offset": [154, 174]}, {"key": "to-borrow", "type": "clause", "offset": [204, 213]}, {"key": "the-execution", "type": "clause", "offset": [374, 387]}, {"key": "performance-by-borrower", "type": "clause", "offset": [402, 425]}, {"key": "this-agreement", "type": "clause", "offset": [429, 443]}, {"key": "the-borrowings", "type": "clause", "offset": [544, 558]}, {"key": "approval-of", "type": "definition", "offset": [629, 640]}, {"key": "governmental-agency", "type": "definition", "offset": [645, 664]}, {"key": "full-force-and-effect", "type": "definition", "offset": [748, 769]}, {"key": "business-and-properties", "type": "clause", "offset": [834, 857]}, {"key": "provision-of", "type": "clause", "offset": [924, 936]}, {"key": "applicable-law", "type": "definition", "offset": [937, 951]}, {"key": "material-respect", "type": "definition", "offset": [959, 975]}, {"key": "the-charter", "type": "clause", "offset": [982, 993]}, {"key": "organizational-documents-of-borrower", "type": "clause", "offset": [1012, 1048]}, {"key": "material-agreement", "type": "clause", "offset": [1086, 1104]}, {"key": "other-document", "type": "clause", "offset": [1131, 1145]}, {"key": "material-judgment", "type": "clause", "offset": [1154, 1171]}, {"key": "order-or-decree", "type": "clause", "offset": [1173, 1188]}, {"key": "upon-borrower", "type": "definition", "offset": [1207, 1220]}, {"key": "of-lender", "type": "clause", "offset": [1444, 1453]}, {"key": "the-collateral-documents", "type": "clause", "offset": [1474, 1498]}, {"key": "the-terms", "type": "definition", "offset": [1535, 1544]}], "snippet": "Each of Borrower and each other Loan Party is duly authorized to execute and deliver each Loan Document and each to which it is a party memorializing the Related Transactions, Borrower is duly authorized to borrow monies hereunder, and each of Borrower and each other 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 Borrower of this Agreement and by each of Borrower and each other Loan Party of each Loan Document to which it is a party, and the borrowings by Borrower 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 and other than as may be required for the lawful conduct of the business and properties of Borrower and each other Loan Party), (b) conflict with (i) any provision of applicable law in any material respect, (ii) the charter, by-laws or other organizational documents of Borrower or any other Loan Party or (iii) any material agreement, indenture, instrument or other document, or any material judgment, order or decree, which is binding upon Borrower or any other 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 Borrower, any Subsidiary or any other Loan Party (other than Liens in favor of Lender created pursuant to the Collateral Documents or which are otherwise permitted by the terms hereof).", "size": 45, "hash": "a602034097b534b0a1901bbcd6ab6ba1", "id": 5}, {"samples": [{"hash": "k4mfknHvmo8", "uri": "/contracts/k4mfknHvmo8#authorization-no-conflict", "label": "Credit Agreement (Ennis, Inc.)", "score": 21.0, "published": true}, {"hash": "hNCmdnmmluP", "uri": "/contracts/hNCmdnmmluP#authorization-no-conflict", "label": "Loan and Security Agreement (Material Sciences Corp)", "score": 21.0, "published": true}, {"hash": "8KRADo5blPt", "uri": "/contracts/8KRADo5blPt#authorization-no-conflict", "label": "Credit Agreement (General Finance CORP)", "score": 21.0, "published": true}], "snippet_links": [{"key": "each-loan-party", "type": "definition", "offset": [0, 15]}, {"key": "duly-authorized", "type": "clause", "offset": [19, 34]}, {"key": "execute-and-deliver", "type": "clause", "offset": [38, 57]}, {"key": "loan-document", "type": "clause", "offset": [63, 76]}, {"key": "a-party", "type": "clause", "offset": [92, 99]}, {"key": "to-borrow", "type": "clause", "offset": [132, 141]}, {"key": "the-execution", "type": "clause", "offset": [274, 287]}, {"key": "performance-by", "type": "definition", "offset": [302, 316]}, {"key": "the-borrowings", "type": "clause", "offset": [383, 397]}, {"key": "company-hereunder", "type": "clause", "offset": [405, 422]}, {"key": "approval-of", "type": "definition", "offset": [471, 482]}, {"key": "governmental-agency", "type": "definition", "offset": [487, 506]}, {"key": "full-force-and-effect", "type": "definition", "offset": [590, 611]}, {"key": "provision-of-law", "type": "definition", "offset": [640, 656]}, {"key": "the-charter", "type": "clause", "offset": [663, 674]}, {"key": "documents-of", "type": "clause", "offset": [708, 720]}, {"key": "any-loan", "type": "clause", "offset": [721, 729]}, {"key": "other-document", "type": "clause", "offset": [785, 799]}, {"key": "order-or-decree", "type": "clause", "offset": [818, 833]}, {"key": "binding-upon", "type": "clause", "offset": [844, 856]}, {"key": "in-favor-of", "type": "definition", "offset": [1028, 1039]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1040, 1064]}, {"key": "the-collateral-documents", "type": "clause", "offset": [1085, 1109]}], "snippet": "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).", "size": 61, "hash": "7f4586df9c293c2970ae8f5418e62b53", "id": 2}, {"samples": [{"hash": "lBUyDJs6k7j", "uri": "/contracts/lBUyDJs6k7j#authorization-no-conflict", "label": "Credit Agreement (PNG Ventures Inc)", "score": 21.0, "published": true}, {"hash": "cfe1yce8g5I", "uri": "/contracts/cfe1yce8g5I#authorization-no-conflict", "label": "Credit Agreement (Earth Biofuels Inc)", "score": 21.0, "published": true}, {"hash": "bJtHg5zEVio", "uri": "/contracts/bJtHg5zEVio#authorization-no-conflict", "label": "Credit Agreement (Earth Biofuels Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "other-loan", "type": "definition", "offset": [26, 36]}, {"key": "duly-authorized", "type": "clause", "offset": [46, 61]}, {"key": "execute-and-deliver", "type": "clause", "offset": [65, 84]}, {"key": "loan-document", "type": "clause", "offset": [90, 103]}, {"key": "a-party", "type": "clause", "offset": [119, 126]}, {"key": "to-borrow", "type": "clause", "offset": [156, 165]}, {"key": "the-execution", "type": "clause", "offset": [326, 339]}, {"key": "performance-by-borrower", "type": "clause", "offset": [354, 377]}, {"key": "this-agreement", "type": "clause", "offset": [381, 395]}, {"key": "each-loan-party", "type": "definition", "offset": [421, 436]}, {"key": "the-borrowings", "type": "clause", "offset": [487, 501]}, {"key": "approval-of", "type": "definition", "offset": [572, 583]}, {"key": "governmental-agency", "type": "definition", "offset": [588, 607]}, {"key": "full-force-and-effect", "type": "definition", "offset": [691, 712]}, {"key": "provision-of", "type": "clause", "offset": [741, 753]}, {"key": "applicable-law", "type": "definition", "offset": [754, 768]}, {"key": "the-charter", "type": "clause", "offset": [775, 786]}, {"key": "limited-liability-company-agreement", "type": "clause", "offset": [797, 832]}, {"key": "agreement-or", "type": "definition", "offset": [846, 858]}, {"key": "documents-of", "type": "clause", "offset": [880, 892]}, {"key": "any-loan", "type": "clause", "offset": [893, 901]}, {"key": "other-document", "type": "clause", "offset": [957, 971]}, {"key": "order-or-decree", "type": "clause", "offset": [990, 1005]}, {"key": "binding-upon", "type": "clause", "offset": [1016, 1028]}, {"key": "in-favor-of", "type": "definition", "offset": [1210, 1221]}, {"key": "the-collateral-documents", "type": "clause", "offset": [1248, 1272]}], "snippet": "Each of Borrower and each other Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, Borrower is duly authorized to borrow monies hereunder, and each of Borrower and each other 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 Borrower of this Agreement and by each of Borrower, each Loan Party of each Loan Document to which it is a party, and the borrowings by Borrower 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 applicable law, (ii) the charter, by-laws, limited liability company agreement, partnership agreement 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 Borrower, any Loan Party (other than Liens in favor of Agent created pursuant to the Collateral Documents).", "size": 58, "hash": 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The execution and delivery of this Agreement by the Company, the performance by the Company of its obligations hereunder and the consummation by the Company of the transactions contemplated hereby have been duly authorized by the Board of Directors of the Company. No other corporate proceedings on the part of the Company or any of the Company Subsidiaries are necessary to authorize the execution and delivery of this Agreement, the performance by the Company of its obligations hereunder and the consummation by the Company of the transactions contemplated hereby, except for the adoption of this Agreement by the Required Company Stockholder Vote (as defined in Section 2.11(b)), if required by applicable law. This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding obligation of the Company, enforceable in accordance with its terms, except to the extent that its enforceability may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization or other laws affecting the enforcement of creditors\u2019 rights generally or by general equitable principles.\n(b) Neither the execution and delivery of this Agreement by the Company nor the consummation by the Company of the transactions contemplated hereby nor compliance by the Company with any of the provisions herein will (i) result in a violation or breach of or conflict with the (x) certificate or articles of incorporation or bylaws of the Company or any Company Subsidiary that is a corporation or (y) the articles or certificate of formation or the limited liability company agreement of any Company Subsidiary that is a limited liability company, (ii) result in a violation or breach of or conflict with any provisions of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination, cancellation of, or give rise to a right of purchase under, or accelerate the performance required by, or result in a right of termination or acceleration under, or result in the creation of any Lien (as defined in Section 2.4(b)) upon any of the properties or assets owned or operated by the Company or any Company Subsidiaries under, or result in being declared void, voidable, or without further binding effect, under any of the terms, conditions or provisions of any note, bond, mortgage, indenture, deed of trust, license, contract, lease, agreement or other instrument or obligation of any kind to which the Company or any of the Company Subsidiaries is a party or by which the Company or any of the Company Subsidiaries or any of their respective properties or assets is bound or (iii) subject to obtaining or making the consents, approvals, orders, authorizations, registrations, declarations and filings referred to in paragraph (c) below and the Required Company Stockholder Vote, violate any judgment, ruling, order, writ, injunction, decree, statute, law (including the common law), rule or regulation applicable to the Company or any of the Company Subsidiaries or any of their respective properties or assets, other than any such event described in items (ii) or (iii) which, individually or in the aggregate, would not reasonably be expected to have or result in a Company Material Adverse Effect.\n(c) Except for the consents, approvals, orders or authorizations of, or registrations, declarations or filings with, any Governmental Authority set forth in Section 2.3 of the Company Disclosure Letter (the \u201cRequired Approvals\u201d), no consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Authority is necessary to be obtained or made by the Company or any Company Subsidiary in connection with the Company\u2019s execution, delivery and performance of this Agreement or the consummation by the Company of the transactions contemplated hereby, except for (i) compliance with the DGCL, with respect to the filing of the Certificate of Merger, (ii) compliance with the H\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587\u2587 Antitrust Improvement Act of 1976, as amended, and the rules and regulations promulgated thereunder (the \u201cHSR Act\u201d) and the Competition Act (Canada) (the \u201cCompetition Act\u201d), and other applicable foreign competition or antitrust laws, if any, (iii) the filing with the SEC of (A) a proxy statement relating to the Company Stockholders Meeting (as defined in Section 5.1(b)) (such proxy statement, as amended or supplemented from time to time, the \u201cProxy Statement\u201d), and (B) such reports under Section 13(a), 13(d), 15(d) or 16(a) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the \u201cExchange Act\u201d), as may be required in connection with this Agreement and the transactions contemplated hereby and thereby, (iv) compliance with the rules of the NYSE, (v) such governmental or tribal consents, qualifications or filings as are customarily obtained or made following the transfer of interests in oil and gas properties (\u201cCustomary Post Closing Consents\u201d), (vi) compliance with the \u201cblue sky\u201d laws of various states, and (vii) such other consents, approvals, orders or authorizations of, or registrations, declarations or filings with, any Governmental Authority where the failure to obtain or take such action, individually or in the aggregate, would not reasonably be expected to have or result in a Company Material Adverse Effect.", "size": 22, "hash": "91a5ce2fe519415ecef691015e64af9d", "id": 10}], "next_curs": 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Conflicts</strong>"], ["due-authorization-no-conflict", "Due Authorization; No Conflict", "Due <strong>Authorization; No Conflict</strong>"], ["authorization-no-contravention", "Authorization; No Contravention", "Authorization; No Contravention"], ["due-authorization-no-conflicts", "Due Authorization; No Conflicts", "Due <strong>Authorization; No Conflicts</strong>"], ["authorization-no-violation", "Authorization; No Violation", "Authorization; No Violation"]], "related_snippets": [], "updated": "2026-05-08T06:30:32+00:00", "also_ask": ["What evidence should be required to prove proper authorization under this clause?", "How can parties negotiate representations to minimize risk of undisclosed conflicts?", "What are the most common pitfalls in drafting 'no conflict' language?", "How do courts typically interpret and enforce 'no conflict' representations?", "How does this clause compare to similar provisions in M&A versus commercial contracts?"], "drafting_tip": "Specify the authority of each party to enter the agreement to ensure enforceability; confirm absence of conflicting obligations to prevent future disputes; require disclosure of necessary consents to avoid invalidation.", "explanation": "The \"Authorization; No Conflict\" clause establishes that a party entering into an agreement has the legal authority to do so and that their participation will not violate any other agreements or obligations. In practice, this means the signing party confirms they have obtained all necessary approvals and that their commitments under the contract do not conflict with existing contracts, laws, or organizational rules. This clause is essential for ensuring that the agreement is valid and enforceable, and it protects both parties by reducing the risk of future disputes over authority or conflicting obligations."}, "json": true, "cursor": ""}}