Common use of Powers, xxxxx and consents Clause in Contracts

Powers, xxxxx and consents. It has the power to enter into and to exercise its rights and perform its obligations under this Agreement and has taken all necessary action to authorise the execution by it of and the performance by it of its obligations under this Agreement. It is not subject and will not become subject to any other obligation, compliance with which will or is likely to, have a Material Adverse Effect in relation to the Approved Capital Bid or any Firm Scheme. Its obligations under this Agreement constitute its legal, valid and binding obligations, enforceable in accordance with its terms. The execution, delivery and performance by it of this Agreement do not: insofar as it is aware contravene any applicable law or directive or any judgement, order or decree of any court having jurisdiction over it; conflict with, or result in any breach of any of the terms of, or constitute a default under, any agreement or other instrument to which it is a party or any licence or other authorisation to which it is subject or by which it or any of its property is bound; or contravene or conflict with its standing orders or other constitutional documents binding upon it (as applicable) from time to time. All consents, required by it in connection with the execution, delivery, issue, validity or performance or enforceability of this Agreement have been obtained and have not been withdrawn. So far as it is aware, it is not in breach of or in default under any agreement to which it is a party or which is binding on it or any of its assets which has or could have a Material Adverse Effect. To the best of its knowledge, no claim is presently being asserted and no litigation, arbitration or administrative proceeding is presently in progress or, to the best of its knowledge, pending or threatened against it or any of its assets which will or might have a Material Adverse Effect in relation to the Approved Capital Bid or any Firm Scheme. It has not committed any Prohibited Act.

Powers, xxxxx and consents. It has the power to enter into and to exercise its rights and perform its obligations under this Agreement and has taken all necessary action to authorise the execution by it of and the performance by it of its obligations under this Agreement. It is not subject and will not become subject to any other obligation, compliance with which will or is likely to, have a Material Adverse Effect in relation to the Approved Capital Bid or any Firm SchemeNamed Project. Its obligations under this Agreement constitute its legal, valid and binding obligations, enforceable in accordance with its terms. The execution, delivery and performance by it of this Agreement do not: insofar as it is aware contravene any applicable law or directive or any judgement, order or decree of any court having jurisdiction over it; conflict with, or result in any breach of any of the terms of, or constitute a default under, any agreement or other instrument to which it is a party or any licence or other authorisation to which it is subject or by which it or any of its property is bound; or contravene or conflict with its standing orders or other constitutional documents binding upon it (as applicable) from time to time. All consents, required by it in connection with the execution, delivery, issue, validity or performance or enforceability of this Agreement have been obtained and have not been withdrawn. So far as it is aware, it is not in breach of or in default under any agreement to which it is a party or which is binding on it or any of its assets which has or could have a Material Adverse Effect. To the best of its knowledge, no claim is presently being asserted and no litigation, arbitration or administrative proceeding is presently in progress or, to the best of its knowledge, pending or threatened against it or any of its assets which will or might have a Material Adverse Effect in relation to the Approved Capital Bid or any Firm SchemeNamed Project. It has not committed any Prohibited Act.