Common use of Corporate Authorization and No Contravention Clause in Contracts

Corporate Authorization and No Contravention. The execution, delivery and performance by the Guarantor of this Guaranty has been duly authorized by all necessary corporate action and does not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material agreement, material contract, order or other material instrument to which it is a party or its property is subject, except where such contravention or default would not have a material adverse effect on the enforceability or collectibility of the Receivables or the financial condition, business or operations of the Guarantor, taken as a whole.

Corporate Authorization and No Contravention. The execution, delivery and performance by the Guarantor of this Guaranty has been duly authorized by all necessary corporate limited liability company action and does not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material agreement, material contract, order or other material instrument to which it is a party or its property is subject, except where such contravention or default would not have a material adverse effect on the enforceability or collectibility of the Receivables or the financial condition, business or operations of the Guarantor, taken as a whole.

Corporate Authorization and No Contravention. The execution, delivery and performance by the Guarantor of this Guaranty has (i) are within its corporate powers, (ii) have been duly authorized by all necessary corporate action and does action, (iii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents charter or by-laws or (iiiC) any material agreement, material contract, order or other material instrument to which it is a party or its property is subject, except where such contravention or default would not have a material adverse effect on the enforceability or collectibility of the Receivables or the financial condition, business or operations of the Guarantor, taken as a whole.