Common use of Corporate Authority Relative to this Agreement; No Violation Clause in Contracts

Corporate Authority Relative to this Agreement; No Violation. The execution, delivery, and performance by MDI of this Agreement has been duly authorized and approved by all necessary corporate action on the part of MDI and the consummation of the transactions contemplated by this Agreement, will not result in a breach or violation of, or constitute a default under (i) the Certificate of Incorporation or Bylaws of MDI or (ii) any agreement or instrument to which MDI is a party or by which MDI is bound. This Agreement has been duly executed and delivered by MDI, and is the legal, valid, and binding obligation of MDI, and is enforceable against MDI in accordance with its terms, subject to laws affecting generally the enforcement of creditors’ rights and to general principles of equity.