Common use of Corporate and Governmental Authorization; Contravention Clause in Contracts

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by each Loan Party of this Agreement and any other Loan Documents to which it is a party (a) are within its organizational powers, have been duly authorized by all necessary organizational action, (b) require no consent or approval of, or other action by or in respect of, or registration or filing with, any Governmental Authority, (c) do not contravene, or constitute a breach or a default under, any provision of its Organization Documents, (d) do not contravene any applicable Law or regulation, and (e) will not violate or result in a default under any indenture, agreement or other instrument binding upon any Loan Party or any of its Restricted Subsidiaries or by which any property or asset of any Loan Party or any of its Restricted Subsidiaries is bound, except, in the case of clauses (b), (d) and (e) as would not reasonably be expected to result in a Material Adverse Effect.

Appears in 10 contracts

Samples: Subordinated Credit Agreement (Valero Energy Partners Lp), Subordinated Credit Agreement (Valero Energy Partners Lp), Credit Agreement (Valero Energy Partners Lp)

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Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by each Loan Party of this Agreement and any other Loan Documents to which it is a party (ad) are within its organizational powers, have been duly authorized by all necessary organizational action, (be) require no consent or approval of, or other action by or in respect of, or registration or filing with, any Governmental Authority, (cf) do not contravene, or constitute a breach or a default under, any provision of its Organization Documents, (dg) do not contravene any applicable Law or regulation, and (eh) will not violate or result in a default under any Material Agreement, any indenture, agreement or other instrument binding upon any Loan Party or any of its Restricted Subsidiaries or by which any property or asset of any Loan Party or any of its Restricted Subsidiaries is bound, except, in the case of clauses (b), (d) and (e) as would not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Valero Energy Partners Lp)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by each Loan Party of this Agreement and any other Loan Documents to which it is a party (a) are within its organizational powers, have been duly authorized by all necessary organizational action, (b) require no consent or approval of, or other action by or in respect of, or registration or filing with, any Governmental Authority, (c) do not contravene, or constitute a breach or a default under, any provision of its Organization Documents, (d) do not contravene any applicable Law or regulation, and (e) will not violate or result in a default under any Material Agreement, any indenture, agreement or other instrument binding upon any Loan Party or any of its Restricted Subsidiaries or by which any property or asset of any Loan Party or any of its Restricted Subsidiaries is bound, except, in the case of clauses (b), (d) and (e) ), as would not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Phillips 66 Partners Lp)

Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by each Loan Party of this Agreement and any other Loan Documents to which it is a party (a) are within its organizational powers, have been duly authorized by all necessary organizational action, (b) require no consent or approval of, or other action by or in respect of, or registration or filing with, any Governmental Authority, (c) do not contravene, or constitute a breach or a default under, any provision of its Organization Documents, (d) do not contravene any applicable Law or regulation, and (e) will not violate or result in a default under any Xxxxxxxx 66 Company Material Agreement, any indenture, agreement or other instrument binding upon any Loan Party or any of its Restricted Subsidiaries or by which any property or asset of any Loan Party or any of its Restricted Subsidiaries is bound, except, in the case of clauses (b), (d) and (e) ), as would not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Phillips 66 Partners Lp)

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Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by each Loan Party of this Agreement and any other Loan Documents Notes to which it is a party (a) are within its organizational corporate powers, have been duly authorized by all necessary organizational corporate action, (b) require no consent or approval of, or other action by or in respect of, or registration or filing with, any Governmental Authoritygovernmental body, agency or official, (c) do not contravene, or constitute a breach or a default under, under any provision of its Organization Documentseither Loan Party’s Restated Certificate of Incorporation, as amended, or bylaws, (d) do not contravene any applicable Law or regulationregulation or any provision of any agreement, and (e) will not violate or result in a default under any indenturejudgment, agreement injunction, order, decree or other instrument binding upon any Loan Party Party, or (e) result in the creation or imposition of any Lien on any asset of the Borrower or any of its Restricted Subsidiaries or by which any property or asset of any Loan Party or any of its Restricted Subsidiaries is bound, except, in the case of clauses (b), (d) and (e) ), as would not reasonably be expected to result in cause a Material Adverse EffectChange.

Appears in 1 contract

Samples: Term Loan Agreement (Conocophillips)

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