Conflicting Laws and Contracts. The execution, delivery and performance by such Grantor of this Security Agreement (i) are within such Grantor's powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any provision of the charter or by-laws (or other comparable constitutive documents) of such Grantor or of law, (C) violate any legal restriction binding on or affecting such Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Documents as defined in the Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Samples: Pledge and Security Agreement (Consumers Energy Co)
Conflicting Laws and Contracts. The execution, delivery and performance by such the Grantor of this Security Agreement (i) are within such the Grantor's powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such the Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any provision of the charter or by-laws (or other comparable constitutive documents) of such the Grantor or of law, (C) violate any legal restriction binding on or affecting such the Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such the Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Documents as defined in each of the Credit Agreements and the Enterprises Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Samples: Pledge and Security Agreement (Consumers Energy Co)
Conflicting Laws and Contracts. The execution, delivery and performance by such the Grantor of this Security Agreement (i) are within such the Grantor's ’s powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such the Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any my provision of the charter or by-laws (or other comparable constitutive documents) of such the Grantor or of law, (C) violate any legal restriction binding on or affecting such the Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such the Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Documents as defined in the Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Samples: Credit Agreement (CMS Energy Corp)
Conflicting Laws and Contracts. The execution, delivery and performance by such the Grantor of this Security Agreement (i) are within such the Grantor's powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such the Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any provision of the charter or by-laws (or other comparable constitutive documents) of such the Grantor or of law, (C) violate any legal restriction binding on or affecting such the Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such the Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Documents as defined in the Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Conflicting Laws and Contracts. The execution, delivery and performance by such the Grantor of this Security Agreement (i) are within such the Grantor's ’s powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such the Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any provision of the charter or by-laws (or other comparable constitutive documents) of such the Grantor or of law, (C) violate any legal restriction binding on or affecting such the Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such the Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Documents as defined in the Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Samples: Pledge and Security Agreement (Consumers Energy Co)
Conflicting Laws and Contracts. The execution, delivery and performance by such the Grantor of this Security Agreement (i) are within such the Grantor's ’s powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such the Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any provision of the charter or by-laws (or other comparable constitutive documents) of such the Grantor or of law, (C) violate any legal restriction binding on or affecting such the Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such the Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Credit Documents as defined in the Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Conflicting Laws and Contracts. The execution, delivery and performance by such Grantor of this Security Agreement (i) are within such Grantor's powers, (ii) have been duly authorized by all necessary corporate or other organizational action or proceedings and (iii) do not and will not (A) require any consent or approval of the stockholders (or other applicable holder of equity) of such Grantor (other than such consents and approvals which have been obtained and are in full force and effect), (B) violate any provision of the charter or by-laws (or other comparable constitutive documents) of such Grantor or of law, (C) violate any legal restriction binding on or affecting such Grantor, (D) result in a breach of, or constitute a default under, any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Grantor is a party or by which it or its properties may be bound or affected, or (E) result in or require the creation of any Lien (other than pursuant to the Loan Documents as defined in each of the Credit Agreements and the Enterprises Credit Agreement) upon or with respect to any of its properties.
Appears in 1 contract
Samples: Pledge and Security Agreement (Consumers Energy Co)