Common use of Organizational and Governmental Authorization; No Contravention Clause in Contracts

Organizational and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrower of this Agreement, the Notes and the other Transaction Documents (i) are within the Borrower’s organizational powers, (ii) have been duly authorized by all necessary organizational action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of any Applicable Law or regulation or of the certificate of incorporation, articles of organization, operating agreement or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree, contractual obligation or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) except for Liens created by this Agreement and the other Transaction Documents, do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (American Capital Strategies LTD), Credit Agreement (American Capital Strategies LTD)

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Organizational and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrower of this Agreement, the Notes Notes, the Collateral Documents and the other Transaction Loan Documents (i) are within the Borrower’s organizational powers, (ii) have been duly authorized by all necessary organizational actionOrganizational Action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, Governmental Authority (iv) do not contravene, or constitute a default under, any provision of any Applicable Law applicable law or regulation or of the certificate of incorporation, articles of organization, operating agreement or by-laws Organizational Documents and Operating Documents of the Borrower or of any agreement, judgment, injunction, order, decree, contractual obligation decree or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) except for Liens created by this Agreement and the other Transaction Documents, do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (MVC Capital, Inc.)

Organizational and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrower of this Agreement, the Notes and the other Transaction Credit Documents (i) are within the Borrower’s organizational powers, (ii) have been duly authorized by all necessary organizational action, (iii) require no action by or in respect of, or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of any Applicable Law or regulation or of the certificate of incorporation, articles of organization, operating agreement incorporation or by-laws of the Borrower or of any agreement, judgment, injunction, order, decree, contractual obligation or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) except for Liens created by this Agreement and the other Transaction Credit Documents, if any, do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (American Capital Strategies LTD)

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Organizational and Governmental Authorization; No Contravention. The execution, delivery and performance by the Borrower of this Agreement, the Notes Note and the other Transaction Loan Documents (i) are within the Borrower’s organizational powerspowers as a corporation or limited liability company, as the case may be, (ii) have been duly authorized by all necessary organizational action, (iii) require no action by or in respect of, of or filing with, any governmental body, agency or official, (iv) do not contravene, or constitute a default under, any provision of any Applicable Law applicable law or regulation or of the certificate of incorporation, articles of organization, operating agreement or by-laws of the Borrower Borrower’s organizational documents or of any agreementmaterial agreement (including without limitation the Syndicated Credit Agreement), judgment, injunction, order, decree, contractual obligation decree or other instrument binding upon the Borrower or any of its Subsidiaries, and (v) except for Liens created by this Agreement and the other Transaction Documents, do not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Global Payments Inc)

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