Common use of Power and Authority; No Conflicts Clause in Contracts

Power and Authority; No Conflicts. The execution and delivery by Contributee of this Agreement and its performance of, and compliance with, the terms hereof are within the power of Contributee and have been duly authorized by all necessary limited liability company action on the part of Contributee. Neither the execution and delivery of this Agreement, nor the consummation of the transactions herein contemplated to be consummated by Contributee, nor compliance with the provisions thereof, will conflict with or result in a material breach of, or constitute a material default under, any of the provisions of any law, governmental rule, regulation, judgment, decree or order binding on Contributee or its properties, or the certificate of formation, limited liability company agreement or other organizational documents and agreements of Contributee, or any of the provisions of any indenture, mortgage, lease, license, contract or other instrument to which Contributee is a party or by which it or its property is bound or result in the creation or imposition of any lien, charge or encumbrance upon any of its material property pursuant to the terms of any such indenture, mortgage, leases, contract or other instrument.