Common use of Corporate Power; Authorization; No Violation Clause in Contracts

Corporate Power; Authorization; No Violation. The execution, delivery and performance by each Loan Party of this Agreement and the other Loan Documents to which it is a party (i) are within such Loan Party's corporate power, (ii) have been duly authorized by all necessary corporate, shareholder and other action on the part of each Person whose authorization is required, (iii) do not violate any Requirement of Law or any material Contractual Obligation applicable to such Loan Party, (iv) will not result in or require the creation or imposition of any Lien of any nature upon or with respect to any of the properties now owned or hereafter acquired by such Person and (v) will not require any authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (other than those which have been obtained and are in force and effect).

Appears in 2 contracts

Samples: Credit Agreement (Compx International Inc), Credit Agreement (Hon Industries Inc)

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Corporate Power; Authorization; No Violation. The execution, delivery and performance by each Loan Credit Party of this the Third Amended and Restated Credit Agreement and the other Loan Documents to which it is a party (i) are within such Loan Credit Party's corporate power, (ii) have been duly authorized by all necessary corporate, shareholder and other action on the part of each Person whose authorization is required, (iii) do not violate any Requirement of Law or any material Contractual Obligation applicable to such Loan Credit Party, (iv) will not result in or require the creation or imposition of any Lien of any nature upon or with respect to any of the properties now owned or hereafter acquired by such Person (other than any permitted by the Loan Documents) and (v) will not require any authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (other than those which have been obtained and are in force and effect).

Appears in 1 contract

Samples: Credit Agreement (BMC Industries Inc/Mn/)

Corporate Power; Authorization; No Violation. The execution, delivery and performance by each Loan Credit Party of this Agreement and the other Loan Documents to which it is a party (i) are within such Loan Credit Party's ’s corporate power, (ii) have been duly authorized by all necessary corporate, shareholder and other action on the part of each Person whose authorization is required, (iii) do not violate any Requirement of Law or any material Contractual Obligation applicable to such Loan Credit Party, (iv) will not result in or require the creation or imposition of any Lien of any nature upon or with respect to any of the properties now owned or hereafter acquired by such Person (other than any permitted by the Loan Documents) and (v) will not require any authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (other than those which have been obtained and are in force and effect).

Appears in 1 contract

Samples: Second Amendment and Restatement Agreement (BMC Industries Inc/Mn/)

Corporate Power; Authorization; No Violation. The execution, delivery and performance by each Loan Credit Party of this Agreement and the other Loan Documents to which it is a party (i) are within such Loan Credit Party's corporate power, (ii) have been duly authorized by all necessary corporate, shareholder and other action on the part of each Person whose authorization is required, (iii) do not violate any Requirement of Law or any material Contractual Obligation applicable to such Loan Credit Party, (iv) will not result in or require the creation or imposition of any Lien of any nature upon or with respect to any of the properties now owned or hereafter acquired by such Person (other than any permitted by the Loan Documents) and (v) will not require any authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (other than those which have been obtained and are in force and effect).

Appears in 1 contract

Samples: Credit Agreement (BMC Industries Inc/Mn/)

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Corporate Power; Authorization; No Violation. The execution, delivery and performance by each Loan Credit Party of this the Second Amendment and Restatement Agreement and the other Loan Documents to which it is a party (i) are within such Loan Credit Party's corporate power, (ii) have been duly authorized by all necessary corporate, shareholder and other action on the part of each Person whose authorization is required, (iii) do not violate any Requirement of Law or any material Contractual Obligation applicable to such Loan Credit Party, (iv) will not result in or require the creation or imposition of any Lien of any nature upon or with respect to any of the properties now owned or hereafter acquired by such Person (other than any permitted by the Loan Documents) and (v) will not require any authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (other than those which have been obtained and are in force and effect).

Appears in 1 contract

Samples: Credit Agreement (BMC Industries Inc/Mn/)

Corporate Power; Authorization; No Violation. The execution, delivery and performance by each Loan Credit Party of this the Second Amendment and Restatement Agreement and the other Loan Documents to which it is a party (i) are within such Loan Credit Party's ’s corporate power, (ii) have been duly authorized by all necessary corporate, shareholder and other action on the part of each Person whose authorization is required, (iii) do not violate any Requirement of Law or any material Contractual Obligation applicable to such Loan Credit Party, (iv) will not result in or require the creation or imposition of any Lien of any nature upon or with respect to any of the properties now owned or hereafter acquired by such Person (other than any permitted by the Loan Documents) and (v) will not require any authorization or approval or other action by, or notice to or filing or registration with, any Governmental Authority (other than those which have been obtained and are in force and effect).

Appears in 1 contract

Samples: Second Amendment and Restatement Agreement (BMC Industries Inc/Mn/)

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