Corporate Action; No Breach. The execution, delivery, and performance by the Borrower of this Agreement and the other Loan Documents to which the Borrower or any Guarantor 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 such Person and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the articles 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, 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, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided in Article V) upon any of the revenues or assets of the Borrower or any Subsidiary.
Appears in 1 contract
Corporate Action; No Breach. The execution, delivery, --------------------------- and performance by the Borrower Corporation of this Agreement and the other Loan Transaction Documents to which either the Borrower Corporation or any Guarantor Picacho is 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 such Person the Corporation and Picacho and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the articles of incorporation or bylaws of the Borrower Corporation 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, or (iii) any agreement or instrument to which the Borrower Corporation or any of the Subsidiaries is a party or by which any of them or any of their property Property is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided in Article V) upon any of the revenues or assets Property of the Borrower Corporation or any Subsidiary.
Appears in 1 contract
Samples: Series B Preferred Stock Purchase Agreement (U Haul International Inc)
Corporate Action; No Breach. The execution, delivery, and performance by Parent and each Subsidiary of the Borrower of this Agreement and the other Loan Documents to which the Borrower or any Guarantor 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 such Person Parent and each Subsidiary and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the articles of incorporation, bylaws, articles of formation, limited liability company agreement or bylaws other governing documents of the Borrower Parent 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, or (iii) any material agreement or instrument to which the Borrower Parent or any of the Subsidiaries Subsidiary is a party or by which any of them or any of their property is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided in Article Vherein) upon any of the revenues or assets of the Borrower Parent or any Subsidiary.
Appears in 1 contract
Corporate Action; No Breach. The execution, delivery, and --------------------------- performance by the Borrower of this Agreement and by the Borrower and each Guarantor of the other Loan Documents to which the Borrower or any Guarantor is or may become a they are party and compliance with the terms and provisions hereof and thereof thereof, have been duly authorized by all requisite corporate and partnership action on the part of each such Person and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the articles of incorporation, certificate of incorporation, bylaws, partnership agreement or bylaws other organizational documents of the Borrower or any of the Subsidiariessuch Person, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which the Borrower or any of the Subsidiaries such Person is a party or by which any of them or any of their property is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided in Article VVI) upon any ---------- of the revenues or assets of the Borrower or any Subsidiarysuch Person.
Appears in 1 contract
Samples: Credit Agreement (Cellstar Corp)
Corporate Action; No Breach. The execution, delivery, and performance by the Borrower and each Obligated Party of this Agreement and the other Loan Transaction Documents to which the Borrower or any Guarantor 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 such Person the Borrower and each Obligated Party and do not and will not (a) violate or conflict with, or result in a breach 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, or (iii) any 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, or (b) constitute a material default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided herein or Liens in Article Vfavor of Agent) upon any of the revenues or assets of the Borrower or any SubsidiaryObligated Party.
Appears in 1 contract
Samples: Credit Agreement (Richmont Marketing Specialists Inc)
Corporate Action; No Breach. The execution, delivery, and performance by the such Borrower of this Agreement and the other Loan Documents to which the such Borrower or any Guarantor is 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 such Person Borrower and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the articles of incorporation or bylaws of the such Borrower or any of the its Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which the such Borrower or any of the Subsidiaries is a party or by which any of them or any of their property is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided in Article VIV) upon any of the revenues or assets of the such Borrower or any Subsidiaryof its Subsidiaries.
Appears in 1 contract
Samples: Loan Agreement (Marcum Natural Gas Services Inc/New)
Corporate Action; No Breach. The execution, delivery, and performance by the each Borrower of this Agreement Agreement, the Notes and the other Loan Documents to which the Borrower or any Guarantor such Person is 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 such Person and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the articles of incorporation or bylaws of the Borrower Borrowers 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, or (iii) any agreement or instrument to which the Borrower either of the Borrowers or any of the Subsidiaries is a party or by which any of them or any of their property is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien (except as provided in Article V3) upon any of the revenues or assets of the Borrower Borrowers or any Subsidiary.
Appears in 1 contract
Samples: Note Extension, Modification and Amendment Agreement (Qorus Com Inc)