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

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers of this Agreement and the other Credit Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers or any of their Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers or any of their Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Mbia Inc), Credit Agreement (Mbia Inc), Credit Agreement (Mbia Inc)

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Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Tenant of this Agreement Lease and the other Credit Transaction Documents (i) are within each of the BorrowerTenant's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Tenant or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Tenant or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Tenant or any of their Subsidiariesits Subsidiaries other than the Lien created by or arising as a result of the Transaction Documents.

Appears in 3 contracts

Samples: Master Lease (Helmstar Group Inc), Master Lease (Carmike Cinemas Inc), Master Lease (Carmike Cinemas Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's ’s corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Significant Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Significant Subsidiaries.

Appears in 3 contracts

Samples: Revolving Credit Facility Agreement (Home Depot, Inc.), Revolving Credit Facility Agreement (Home Depot, Inc.), 364 Day Revolving Credit Facility Agreement (Home Depot, Inc.)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Airborne Freight Corp /De/), Credit Agreement (Springs Industries Inc), Term Loan Credit Agreement (Springs Industries Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers of this Agreement and the other Credit Documents (i) are within each of the Borrower's ’s corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers or any of their Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers or any of their Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Mbia Inc), Credit Agreement (Mbia Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement and the other Credit Loan Documents (i) are within each of the Borrower's ’s corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, with any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or any Subsidiary or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Valspar Corp), 364 Day Revolving Credit Agreement (Valspar Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Restricted Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Restricted Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Flowers Industries Inc /Ga), Credit Agreement (Flowers Industries Inc /Ga)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate actionaction on the part of the Borrower, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers or any of them or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers or any of them or any of their respective Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers or any Subsidiary of their Subsidiariesa Borrower.

Appears in 1 contract

Samples: Loan Agreement (Source Information Management Co)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Hancock Fabrics Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Parent or any Subsidiary or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Parent or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Parent or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Valspar Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate articles of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (ia) are within each of the Borrower's corporate powers, (iib) have been duly authorized by all necessary corporate action, (iiic) require no action by or in respect of, or filing with, any governmental body, agency or official, (ivd) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate articles of incorporation or by-laws of each of the Borrowers Borrower or of any contract or agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (ve) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.. <PAGE>

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

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Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Significant Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Significant Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Home Depot Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's ’s corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default defau1t under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Starrett L S Co)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Loan Parties of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's Loan Parties' corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default defau1t under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Starrett L S Co)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (ia) are within each of the Borrower's corporate powers, (iib) have been duly authorized by all necessary corporate action, (iiic) require no action by or in respect of, or filing with, any governmental body, agency or official, (ivd) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate articles of incorporation or by-laws of each of the Borrowers Borrower or of any contract or agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (ve) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers or any of their Subsidiaries.Borrower

Appears in 1 contract

Samples: Credit Agreement (Liberty Corp)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Notes and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each by_laws of the Borrowers Borrower or of any material agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Significant Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Significant Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Home Depot Inc)

Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrowers Borrower of this Agreement Agreement, the Note and the other Credit Loan Documents (i) are within each of the Borrower's corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of each of the Borrowers Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Borrowers Borrower or any of their its Subsidiaries, and (v) do not result in the creation or imposition of any Lien on any asset of the Borrowers Borrower or any of their its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (First Citizens Bancorporation of South Carolina Inc)

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