Common use of Corporate Power and Authority; No Conflicts Clause in Contracts

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by such Obligor of the Loan Documents have been duly authorized by all necessary corporate action and do not and will not: (a) in the case of each Corporate Obligor require any consent or approval of its stockholders and in the case of FiberMark Office require any consent or approval of its members-managers, which consent or approval has not already been obtained; (b) in the case of each Corporate Obligor contravene its certificate of incorporation or by-laws and in the case of FiberMark Office contravene its Articles of Organization or Operating Agreement; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated hereby or by the Security Documents), registration, consent or approval under any Law (including, without limitation, Regulation U), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to such Obligor; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Obligor is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created hereunder or under the Security Documents), upon or with respect to any of the properties now owned or hereafter acquired by such Person.

Appears in 2 contracts

Samples: Financing Agreement (Fibermark Inc), Financing Agreement (Fibermark Inc)

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Corporate Power and Authority; No Conflicts. The execution, delivery and performance by such each Obligor of the Loan Documents have this Amendment has been duly authorized by all necessary corporate action and do not and will not: (a) in the case of each Corporate Obligor require any consent or approval of its stockholders and in the case of FiberMark Office require any consent or approval of its members-managers, which consent or approval has not already been obtained; (b) in the case of each Corporate Obligor contravene its certificate of incorporation or by-laws and in the case of FiberMark Office contravene its Articles of Organization or Operating Agreement; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated hereby or by the Security Documents)filing, registration, consent or approval under any Law (including, without limitation, Regulation U), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to such Obligor; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Obligor is a party or by which it or its properties may be bound or affected; or (e) result in, or require, the creation or imposition of any Lien (other than as created hereunder or under the Security Documentshereunder), upon or with respect to any of the properties now owned or hereafter acquired by such Person.

Appears in 2 contracts

Samples: Financing Agreement (Fibermark Inc), Financing Agreement (Fibermark Inc)

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by such Obligor of the Loan Documents have been duly authorized by all necessary corporate action and do not and will not: (a) in the case of each Corporate Obligor require any consent or approval of its stockholders and in the case of FiberMark Office require any consent or approval of its [members-managers, which consent or approval has not already been obtained]; (b) in the case of each Corporate Obligor contravene its certificate of incorporation or by-laws and in the case of FiberMark Office contravene its Articles of Organization ______________ or Operating Agreement______________; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated hereby or by the Security Documents), registration, consent or approval under any Law (including, without limitation, Regulation U), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to such Obligor; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Obligor is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created hereunder or under the Security Documents), upon or with respect to any of the properties now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by such each Obligor of the Loan Documents have this Amendment has been duly authorized by all necessary corporate action and do not and will not: (a) in the case of each Corporate Obligor require any consent or approval of its stockholders and in the case of FiberMark Office require any consent or approval of its members-managers, which consent or approval has not already been obtained; (b) in the case of each Corporate Obligor contravene its certificate of incorporation or by-laws and in the case of FiberMark Office contravene its Articles of Organization or Operating Agreement; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated hereby or by the Security Documents)filing, registration, consent or approval under any Law (including, without limitation, Regulation U), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to such Obligor; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Obligor is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created hereunder or under the Security Documentshereunder), upon or with respect to any of the properties now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

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Corporate Power and Authority; No Conflicts. The execution, delivery and performance by such Obligor the Borrower and/or Guarantor of the Loan Facility Documents to which it is a party have been duly authorized by all necessary corporate action and do not and will not: (a) in the case of each Corporate Obligor require any consent or approval of its stockholders and in the case of FiberMark Office require any consent or approval of its members-managers, which consent or approval has not already been obtainedstockholders; (b) in the case of each Corporate Obligor contravene its certificate of incorporation charter or by-laws and in the case of FiberMark Office contravene its Articles of Organization or Operating Agreementlaws; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated hereby or by the Security DocumentsAgreement), registration, consent or approval under under, any Law law, rule, regulation (including, without limitation, Regulation UG, T, U or X of the Board of Governors of the Federal Reserve System as in effect from time to time), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to such Obligorthe Borrower or any of its Subsidiaries or Affiliates; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Obligor the Borrower is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created hereunder or under the Security DocumentsAgreement), upon or with respect to any of the properties now owned or hereafter acquired by the Borrower; or (f) cause the Borrower (or any Subsidiary or Affiliate, as the case may be) to be in default under any such Personlaw, rule, regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, agreement, lease or instrument.

Appears in 1 contract

Samples: Security Agreement (Allied Devices Corp)

Corporate Power and Authority; No Conflicts. The execution, delivery and performance by such Obligor Funding Recipient of this Agreement and the Loan Documents Declaration have been duly authorized by all necessary corporate action and do not and will not: (a) in the case of each Corporate Obligor require any consent or approval of its stockholders and in the case of FiberMark Office require any consent or approval of its members-managers, which consent or approval has not already been obtained; (b) in the case of each Corporate Obligor contravene its certificate of incorporation charter or by-laws and in the case of FiberMark Office contravene its Articles of Organization or Operating Agreementlaws; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated hereby or by the Security Documents)filing, registration, consent or approval under under, any Law (includinglaw, without limitationrule, Regulation U)regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to such Obligor; Funding Recipient, (d) result in a breach of of, or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which such Obligor Funding Recipient is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created hereunder or under the Security Documents)Lien, upon or with respect to any of the properties now owned or hereafter acquired by Funding Recipient; or (f) cause Funding Recipient to be in default under any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award or any such Personindenture, agreement, lease or instrument.

Appears in 1 contract

Samples: Funding Agreement

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