Common use of Corporate and Governmental Authorization; No Contravention Clause in Contracts

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute a default under, (i) any provision of applicable Law or of the Organization Documents of such Borrower or (ii) of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries where such default, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.

Appears in 16 contracts

Samples: Five Year Credit Agreement (Toyota Motor Credit Corp), Assignment and Assumption (Toyota Motor Credit Corp), Assignment and Assumption (Toyota Motor Credit Corp)

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Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute a default under, (i) any provision of applicable Law or of the Organization Documents of such Borrower or Borrower, (ii) any provision of applicable Law or (iii) any provision of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries Subsidiaries, and in each case referred to in clauses (ii) and (iii), where such contravention or default, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.

Appears in 16 contracts

Samples: Assignment and Assumption (Toyota Motor Credit Corp), 364 Day Credit Agreement (Toyota Motor Credit Corp), Assignment and Assumption (Toyota Motor Credit Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such the Borrower of this Agreement Agreement, the Notes and each the other Loan Document Documents are within such the Borrower’s organizational powerscorporate power, have been duly authorized by all necessary organizational corporate action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute a default under, (i) any provision of applicable Law or of the Organization Documents certificate of such incorporation or by-laws (or other organizational documents) of the Borrower or (ii) of any agreement, judgment, injunction, order, decree or other instrument binding upon such the Borrower or any of its Subsidiaries where such default, individually or in the aggregate, would which could reasonably be reasonably likely expected to have a Material Adverse Effect with respect to such Borroweror result in or require the creation or imposition of any Lien on any asset of the Borrower or any Subsidiary, except for a Lien permitted hereby.

Appears in 6 contracts

Samples: Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc), Credit Agreement (FMC Technologies Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such the Borrower of this Agreement and each other the Loan Document Documents are within such the Borrower’s organizational 's corporate powers, have been duly authorized by all necessary organizational corporate action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained governmental body, agency or official (other than in connection with the Collateral Documents) and do not contravene, or constitute a default under, (i) any provision of applicable Law law or regulation or of the Organization Documents Borrower's certificate of such Borrower incorporation or (ii) by-laws or of any agreement, judgment, injunction, order, decree or other instrument binding upon such the Borrower or any Subsidiary, the contravention of its Subsidiaries where such default, individually which instrument or in the aggregate, would default under which instrument could reasonably be reasonably likely expected to have a Material Adverse Effect with respect to such BorrowerEffect, or result in the creation or imposition of any Lien on any asset of the Borrower or any Subsidiary.

Appears in 2 contracts

Samples: Agreement (Iomega Corp), Credit Agreement (Iomega Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such each Borrower of this Agreement Agreement, the Notes and each the other Loan Document Documents to which it is a party are within such Borrower’s organizational powerscorporate power, have been duly authorized by all necessary organizational corporate action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute a default under, (i) any provision of applicable Law or of the Organization Documents certificate of such incorporation or bylaws (or other organizational documents) of either Borrower or (ii) of any agreement, judgment, injunction, order, decree or other instrument binding upon such either Borrower or any of its Subsidiaries where such default, individually or in the aggregate, would which could reasonably be reasonably likely expected to have a Material Adverse Effect with respect to such Borroweror result in or require the creation or imposition of any Lien on any asset of either Borrower or any Subsidiary except for a Lien permitted hereby.

Appears in 1 contract

Samples: Credit Agreement (FMC Technologies Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any Toyota – Five Year Credit Agreement (2016) Governmental Authority except such as have been obtained and do not contravene, or constitute a default under, (i) any provision of applicable Law or of the Organization Documents of such Borrower or Borrower, (ii) any provision of applicable Law or (iii) any provision of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries Subsidiaries, and in each case referred to in clauses (ii) and (iii), where such contravention or default, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.

Appears in 1 contract

Samples: Five Year Credit Agreement (Toyota Motor Credit Corp)

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Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute Toyota – Three Year Credit Agreement (2017) a default under, (i) any provision of applicable Law or of the Organization Documents of such Borrower or Borrower, (ii) any provision of applicable Law or (iii) any provision of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries Subsidiaries, and in each case referred to in clauses (ii) and (iii), where such contravention or default, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute Toyota – Five Year Credit Agreement (2022) a default under, (i) any provision of applicable Law or of the Organization Documents of such Borrower or Borrower, (ii) any provision of applicable Law or (iii) any provision of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries Subsidiaries, and in each case referred to in clauses (ii) and (iii), where such contravention or default, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.

Appears in 1 contract

Samples: Five Year Credit Agreement (Toyota Motor Credit Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of this Agreement and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not contravene, or constitute a default under, (i) any provision of applicable Law or of the Organization Documents of such Borrower or Borrower, (ii) any provision of applicable Law or (iii) any provision of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any of its Subsidiaries Subsidiaries, and in each case referred to in clauses (ii) and (iii), where such contravention or default, individually or in Toyota – Five Year Credit Agreement (2017) the aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.

Appears in 1 contract

Samples: Five Year Credit Agreement (Toyota Motor Credit Corp)

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