Common use of Corporate Action; No Breach Clause in Contracts

Corporate Action; No Breach. The execution, delivery, and performance by the Borrower and each Obligated Party of the Loan Documents to which each is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of the Borrower and each Obligated Party and do not and will not (a) violate or conflict with, or result in a breach of (i) the articles of incorporation or bylaws of the Borrower or any of the Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator other than such violations, conflicts, and breaches which would not reasonably be expected to have a Material Adverse Effect, or (iii) any agreement or instrument to which the Borrower or any of the Subsidiaries is a party or by which any of them or any of their property is bound or subject other than such violations, conflicts, and breaches which would not reasonably be expected to have a Material Adverse Effect, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided herein) upon any of the revenues or assets of the Borrower or any Subsidiary other than such defaults which would not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Darling International Inc), Credit Agreement (Darling International Inc), Credit Agreement (Bank One Corp)

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Corporate Action; No Breach. The execution, delivery, and performance by the Borrower Borrowers of this Agreement and each Obligated Party of the other Loan Documents to which each is the Borrowers are or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite corporate action on the part of the Borrower and each Obligated Party Borrowers and do not and will not (a) violate or conflict with, or result in a breach of of, or require any consent under (i) the articles of incorporation or other organizational documents, as applicable, or bylaws of the Borrower Borrowers or any of the their Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator other than such violations, conflicts, and breaches which would not reasonably be expected to have a Material Adverse Effectarbitrator, or (iii) any material agreement or instrument to which the Borrower Borrowers or any of the their Subsidiaries is a party or by which any of them or any of their property is bound or subject other than such violationssubject, conflicts, and breaches which would not in the case of (ii) or (iii) could reasonably be expected to have a Material Adverse Effect, Effect or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided hereinin Article V) upon any of the revenues or assets of the Borrower Borrowers or any Subsidiary other than such defaults which would not reasonably be expected to have a Material Adverse Effectof their Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Transcoastal Marine Services Inc)

Corporate Action; No Breach. The execution, delivery, and performance by the Borrower and each Obligated Party of the Loan Transaction Documents to which each is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of the Borrower and each Obligated Party and do not and will not (a) violate or conflict with, or result in a breach of of, or require any consent under (i) the articles of incorporation or bylaws of the Borrower or any of the SubsidiariesObligated Party, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator other than such violations, conflicts, conflicts and breaches which would do not reasonably be expected to have a Material Adverse Effect, or (iii) any agreement or instrument to which the Borrower or Holding, any of the Subsidiaries Subsidiaries, or any other Obligated Party is a party or by which any of them or any of their property is bound or subject other than such violations, conflicts, conflicts and breaches which would do not reasonably be expected to have a Material Adverse Effect, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided hereinherein or Liens in favor of Agent) upon any of the revenues or assets of the Borrower Holding, any Subsidiary, or any Subsidiary other Obligated Party other than such defaults which would do not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Jotan Inc)

Corporate Action; No Breach. The execution, delivery, and performance by the Borrower and each Obligated Party (including, with respect to the Merger Documents, Tufco Tech, Inc., Tufco, Inc., Tufco Technologies, Inc., and TFCO, Inc.) of the Loan Documents, the Bond Documents and the Merger Documents (provided, however, the representation contained in this Section 9.3 with respect to the Merger Documents is made only as of the Closing Date) to which each is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of the Borrower and each Obligated Party and do not and will not (a) violate or conflict with, or result in a breach of of, or require any consent under (i) the articles of incorporation incorporation, bylaws or bylaws other governing documents of the Borrower or any of the SubsidiariesObligated Parties, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator other than such violations, conflicts, and breaches which would not reasonably be expected to have a Material Adverse Effect, or (iii) any material agreement or instrument to which the Borrower or any of the Subsidiaries Obligated Party is a party or by which any of them or any of their property is bound or subject other than such violations, conflicts, and breaches which would not reasonably be expected to have a Material Adverse Effectsubject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided herein) upon any of the revenues or assets of the Borrower or any Subsidiary other than such defaults which would not reasonably be expected to have a Material Adverse EffectObligated Party.

Appears in 1 contract

Samples: Credit Agreement (Tufco Technologies Inc)

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Corporate Action; No Breach. The execution, delivery, and performance by the Borrower and each Obligated Party of the Loan Documents to which each is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of the Borrower and each Obligated Party and do not and will not (a) violate or conflict with, or result in a breach of (i) the articles of incorporation or bylaws of the Borrower or any of the Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator other than such violations, conflicts, and breaches which would do not reasonably be expected to have a Material Adverse Effect, or (iii) any agreement or instrument to which the Borrower or any of the Subsidiaries is a party or by which any of them or any of their property is bound or subject other than such violations, conflicts, and breaches which would do not reasonably be expected to have a Material Adverse Effect, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided herein) upon any of the revenues or assets of the Borrower or any Subsidiary other than such defaults which would do not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Darling International Inc)

Corporate Action; No Breach. The execution, delivery, and performance by the Borrower Borrowers of this Agreement and each Obligated Party of the other Loan Documents to which each is the Borrowers are or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite corporate action on the part of the Borrower and each Obligated Party Borrowers and do not and will not (a) violate or conflict with, or result in a breach of of, or require any consent under (i) the articles of incorporation or other organizational documents, as applicable, or bylaws of the Borrower Borrowers or any of the their Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator other than such violations, conflicts, and breaches which would not reasonably be expected to have a Material Adverse Effectarbitrator, or (iii) any material agreement or instrument to which the Borrower Borrowers or any of the their Subsidiaries is a party or by which any of them or any of their property is bound or subject other than such violationssubject, conflicts, and breaches which would not in the case of (ii) or (iii) could reasonably be expected to have a Material Adverse Effect, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided hereinin Article V) upon any of the revenues or assets of the Borrower Borrowers or any Subsidiary other than such defaults which would not reasonably be expected to have a Material Adverse Effectof their Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Transcoastal Marine Services Inc)

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