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

Corporate Governmental Authorization; No Contravention. The execution and delivery by it of its Election to Participate and its Notes (if any), and the performance by it of this Agreement and its Notes (if any), are within its corporate powers, have been duly authorized by all necessary company action, require no action by or in respect of, or filing with, any governmental body, agency or official (other than those already obtained or made and in full force and effect) and do not contravene, or constitute a default under, any provision of applicable law or regulation or of its certificate or incorporation, articles of incorporation (or the equivalent organizational documents) or by-laws (or the equivalent governing documents) or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Company or such Eligible Subsidiary or result in the creation or imposition of any Lien on any asset of the Company or any of its Subsidiaries.