Common use of Authorization of Transaction; No Violation Clause in Contracts

Authorization of Transaction; No Violation. The execution, delivery and performance by Seller of this Agreement and the other Related Documents to which Seller is a party and the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or restrictions binding on Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Receivables Sale Agreement, Receivables Sale Agreement, Receivables Sale Agreement (GE Capital Credit Card Master Note Trust)

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Authorization of Transaction; No Violation. The execution, delivery and performance by Seller of this Agreement and the other Related Documents to which Seller is a party and the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or other restrictions binding on Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Synchrony Card Issuance Trust), Receivables Sale Agreement

Authorization of Transaction; No Violation. The execution, delivery and performance by Seller of this Agreement and the other Related Documents to which Seller is a party and and, without limiting the foregoing, the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or restrictions binding on Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Receivables Purchase and Contribution Agreement (CDF Funding, Inc.), Receivables Purchase and Contribution Agreement (CDF Funding, Inc.)

Authorization of Transaction; No Violation. The execution, delivery and performance by such Seller of this Agreement and the other Related Documents to which such Seller is a party and and, without limiting the foregoing, the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of such Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or restrictions binding on such Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Receivables Sale Agreement (CDF Funding, Inc.), Receivables Sale Agreement (CDF Funding, Inc.)

Authorization of Transaction; No Violation. The execution, delivery and performance by Seller of this Agreement and the other Related Documents to which Seller is a party and the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or other restrictions binding on Seller, except where such violations, individually or in the aggregate, could would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Interest Sale Agreement (Synchrony Financial)

Authorization of Transaction; No Violation. The execution, delivery and performance by Seller of this Agreement and the other Related Documents to which Seller is a party and the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or restrictions binding on Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase and Contribution Agreement (GE Capital Credit Card Master Note Trust)

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Authorization of Transaction; No Violation. The execution, delivery and performance by each Seller of this Agreement and the other Related Documents to which such Seller is a party and and, without limiting the foregoing, the creation and perfection of all Liens and ownership interests provided for herein: (A1) have been duly authorized by all necessary action on the part of such Seller, and (B2) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or other restrictions binding on such Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivable Purchase Agreement (Toro Co)

Authorization of Transaction; No Violation. The execution, delivery and performance by such Seller of this Agreement and the other Seller Related Documents to which Seller is a party and and, without limiting the foregoing, the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of such Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or restrictions binding on such Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Sale Agreement (CDF Funding, Inc.)

Authorization of Transaction; No Violation. The execution, delivery and performance by Seller of this Agreement and each Seller Related Document required to be executed by Seller and, without limiting the other Related Documents to which Seller is a party and foregoing, the creation and perfection of all Liens and ownership interests provided for herein: (A) have been duly authorized by all necessary action on the part of Seller, and (B) do not violate any provision of any law or regulation of any Governmental Authority, or contractual or restrictions binding on Seller, except where such violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase and Contribution Agreement (CDF Funding, Inc.)

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