Common use of Legally Enforceable Agreement Clause in Contracts

Legally Enforceable Agreement. The execution, delivery and performance of this Agreement, and each and all of the other Loan Documents and all and any other instruments and documents to be delivered by Borrower or its Affiliates hereunder and the creation of all Liens and security interests provided for herein are within Borrower’s corporate power, have been duly authorized by all necessary or proper corporate action (including the consent of shareholders where required), are not in contravention of any agreement or indenture to which Borrower is a party or by which it is bound, or of the Certificate of Incorporation or By-Laws of Borrower, and are not, to the best of Borrower’s knowledge, in contravention of any provision of law and the same do not, to the best of Borrower’s knowledge, require the consent or approval of any governmental body, agency, authority or any other person which has not been obtained and a copy thereof furnished to Lender. The execution, delivery and performance of the Guaranty to be delivered by the Guarantor is not, to the best of Borrower’s knowledge, in contravention of any provision of law and the same does not require the consent or approval of any governmental body, agency, authority or any other person which has not been obtained and a copy thereof furnished to the Lender.

Appears in 4 contracts

Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)

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Legally Enforceable Agreement. The execution, delivery and performance of this Agreement, and each and all of the other Loan Documents and all and any other instruments and documents to be delivered by Borrower or its Affiliates hereunder and the creation of all Liens and security interests provided for herein are within Borrower’s 's corporate power, have been duly authorized by all necessary or proper corporate action (including the consent of shareholders where required), are not in contravention of any agreement or indenture to which Borrower is a party or by which it is bound, or of the Certificate of Incorporation or By-Laws of Borrower, and are not, to the best of Borrower’s 's knowledge, in contravention of any provision of law and the same do not, to the best of Borrower’s 's knowledge, require the consent or approval of any governmental body, agency, authority or any other person which has not been obtained and a copy thereof furnished fizmished to Lender. The execution, delivery and performance of the Guaranty to be delivered by the Guarantor is not, to the best of Borrower’s 's knowledge, in contravention of any provision of law and the same does not require the consent or approval of any governmental body, agency, authority or any other person which has not been obtained and a copy thereof furnished to the Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (A Consulting Team Inc)

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Legally Enforceable Agreement. The execution, delivery and performance of this Agreement, and each and all of the other Loan Documents and all and any other instruments and documents to be delivered by each Borrower or its Affiliates hereunder and the creation of all Liens and security interests provided for herein are within each Borrower’s 's corporate power, have been duly authorized by all necessary or proper corporate action (including the consent of shareholders where required), are not in contravention of any agreement or indenture to which either Borrower is a party or by which it is bound, or of the Certificate of Incorporation or By-Laws of either Borrower, and are not, to the best of each Borrower’s 's knowledge, in contravention of any provision of law and the same do not, to the best of each Borrower’s 's knowledge, require the consent or approval of any governmental body, agency, authority or any other person which has not been obtained and a copy thereof furnished to Lender. The execution, delivery and performance of the Guaranty to be delivered by the Guarantor is not, to the best of each Borrower’s 's knowledge, in contravention of any provision of law and the same does not require the consent or approval of any governmental body, agency, authority or any other person which has not been obtained and a copy thereof furnished to the Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (A Consulting Team Inc)

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