Common use of No Required Consent Clause in Contracts

No Required Consent. No authorization, consent, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required that has not been obtained for (i) the due execution, delivery and performance by Pledgor of this Agreement, (ii) the grant by Pledgor of the security interest granted by this Agreement, (iii) the perfection of such security interest or (iv) the exercise by the Collateral Agent of its rights and remedies under this Agreement (except as may be required (x) in connection with such disposition by laws affecting the offering and sale of securities generally, (y) under federal and state laws, rules and regulations and applicable interpretations thereof providing for the supervision or regulation of the banking and trust businesses generally and applicable to the Collateral Agent or any Secured Party and (z) with respect to the Collateral Agent or any Secured Party as a result of any relationship which such Person may have with Persons not parties to, or any activity or business such Person may conduct other than pursuant to, any of the Financing Documents). The execution, delivery and performance of this Agreement will not (i) require any consent or approval of the Board of Directors or stockholders of Pledgor that has not been obtained; (ii) violate the provisions of Pledgor's Certificate of Incorporation or By-Laws; (iii) violate the provisions of any law (including, without limitation, any usury law), regulation or order of any governmental authority applicable to Pledgor or any of its subsidiaries; (iv) conflict with, result in a breach or constitute a default under any agreement relating to the management or affairs of Pledgor or any of its subsidiaries, or any indenture or loan or credit agreement or any other material agreement, lease or instrument to which Pledgor is a party or by which Pledgor or any of its subsidiaries or any of their material properties may be bound; or (v) result in or create any Lien (other than Permitted Liens) under, or require any consent under, any indenture or loan or credit agreement or any other material agreement, instrument or award of any governmental authority binding upon Pledgor or any of its subsidiaries or any of their properties.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Panda Interfunding Corp), Stock Pledge Agreement (Panda Interfunding Corp)

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No Required Consent. No authorization, consent, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required that has not been obtained for (i) the due execution, delivery and performance by Pledgor Debtor of this Agreement, (ii) the grant by Pledgor Debtor of the security interest granted by this Agreement, (iii) the perfection of such security interest or (iv) the exercise by the Collateral Agent of its rights and remedies under this Agreement (except as may be required (x) in connection with such disposition by laws affecting the offering and sale of securities generally, (y) under federal and state laws, rules and regulations and applicable interpretations thereof providing for the supervision or regulation of the banking and trust businesses generally and applicable to the Collateral Agent or any Secured Party and (z) with respect to the Collateral Agent or any Secured Party as a result of any relationship which such Person may have with Persons not parties to, or any activity or business such Person may conduct other than pursuant to, any of the Financing Documents). The execution, delivery and performance of this Agreement will not (i) require any consent or approval of the Board of Directors or stockholders of Pledgor Debtor that has not been obtained; (ii) violate the provisions of PledgorDebtor's Certificate of Incorporation or By-Laws; (iii) violate the provisions of any law (including, without limitation, any usury law), regulation or order of any governmental authority applicable to Pledgor Debtor or any of its subsidiaries; (iv) conflict with, result in a breach or constitute a default under any agreement relating to the management or affairs of Pledgor Debtor or any of its subsidiaries, or any indenture or loan or credit agreement or any other material agreement, lease or instrument to which Pledgor Debtor is a party or by which Pledgor Debtor or any of its subsidiaries or any of their material properties may be bound; or (v) result in or create any Lien (other than Permitted Liens) under, or require any consent under, any indenture or loan or credit agreement or any other material agreement, instrument or award of any governmental authority binding upon Pledgor Debtor or any of its subsidiaries or any of their properties.

Appears in 2 contracts

Samples: Security Agreement (Panda Interfunding Corp), Security Agreement (Panda Interfunding Corp)

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