Common use of No Violation of Restrictions Clause in Contracts

No Violation of Restrictions. This Guaranty and all other documents to be executed by the Guarantor in connection herewith, when executed and delivered by the respective parties thereto, will constitute valid and binding obligations of the Guarantor. The execution and delivery by the Guarantor of the Financing Documents to which it is a party and the performance thereof by the Guarantor (1) have been authorized by all necessary corporate action and (2) do not and will not conflict with or result in any breach of or constitute a default under the Guarantor's articles of incorporation or by-laws or any indenture, mortgage, deed of trust, bank loan or credit agreement or any other agreement or instrument to which the Guarantor is a party or by which the Guarantor or any of its Property may be bound for which a valid consent has not been secured except where the failure to do so would not have a material adverse effect upon the Guarantor, or result in the creation of any Lien (other than that created by the Financing Documents) upon or with respect to any Property of the Guarantor.

Appears in 2 contracts

Samples: Balchem Corp, Balchem Corp

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No Violation of Restrictions. This The Guaranty and all other documents to be executed by the Guarantor in connection herewiththerewith, when executed and delivered by the respective parties thereto, will constitute valid and binding obligations of the Guarantor. The execution and delivery by the Guarantor of the Financing Documents to which it is a party and the performance thereof by the Guarantor (1) have been authorized by all necessary corporate action and (2) do not and will not conflict with with, or result in any breach of of, or constitute a default under the Guarantor's ’s articles of incorporation or by-laws or any indenture, mortgage, deed of trust, bank loan or credit agreement or any other agreement or instrument to which the Guarantor is a party or by which the Guarantor or any of its Property may be bound for which a valid consent has not been secured except where the failure to do so would not have a material adverse effect upon the Guarantor, or result in the creation of any Lien (other than that created by the Financing Documents) upon or with respect to any Property of the Guarantor.

Appears in 2 contracts

Samples: Guaranty (Balchem Corp), Balchem Corp

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No Violation of Restrictions. This The Guaranty and all other documents to be executed by the Guarantor in connection herewiththerewith, when executed and delivered by the respective parties thereto, will constitute valid and binding obligations of the Guarantor. The execution and delivery by the Guarantor of the Financing Documents to which it is a party and the performance thereof by the Guarantor (1) have been authorized by all necessary corporate action and (2) do not and will not conflict with with, or result in any breach of of, or constitute a default under the Guarantor's articles of incorporation or by-laws or any indenture, mortgage, deed of trust, bank loan or credit agreement or any other agreement or instrument to which the Guarantor is a party or by which the Guarantor or any of its Property may be bound for which a valid consent has not been secured except where the failure to do so would not have a material adverse effect upon the Guarantor, or result in the creation of any Lien (other than that created by the Financing Documents) upon or with respect to any Property of the Guarantor.

Appears in 1 contract

Samples: Balchem Corp

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