Common use of Status of Notes and Sale of Notes Clause in Contracts

Status of Notes and Sale of Notes. The Agreement, the Notes and the Subordination Agreement have been duly authorized on the part of the Company, have been duly executed and delivered by an authorized officer of the Company and constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms, except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting the enforcement of the rights of creditors or by equitable principles, regardless of whether enforcement is sought in equity or at law. The sale of the Notes and compliance by the Company with all of the provisions of this Agreement, of the Notes and of the Subordination Agreement (i) are within the corporate powers of the Company, (ii) have been duly authorized by proper corporate action, (iii) are legal, (iv) will not violate any provisions of any law or regulation or order of any court, governmental authority or agency and (v) will not result in any breach of any of the provisions of, or constitute a default under, or result in the creation of any Lien on any Property of the Guarantor or any Subsidiary under the provisions of, any charter document, by-law, loan agreement or other agreement or instrument to which the Guarantor or any Subsidiary is a party or by which any of them or their Property may be bound.

Appears in 1 contract

Samples: Note Agreement (Oneida LTD)

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Status of Notes and Sale of Notes. The Agreement, the Notes and the Subordination Agreement have been duly authorized on the part of the Company, have been duly executed and delivered by an authorized officer of the Company and constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms, except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting the enforcement of the rights of creditors or by equitable principles, regardless of whether enforcement is sought in equity or at law. The sale of the Notes and compliance by the Company with all of the provisions of this Agreement, of the Notes and of the Subordination Agreement (i) are within the corporate powers of the Company, (ii) have been duly authorized by proper corporate action, (iii) are legal, (iv) will not violate any provisions of any law or regulation or order of any court, governmental authority or agency and (v) will not result in any breach of any of the provisions of, or constitute a default under, or result in the creation of any Lien on any Property of the Guarantor or any Subsidiary under the provisions of, any charter document, by-by- law, loan agreement or other agreement or instrument to which the Guarantor or any Subsidiary is a party or by which any of them or their Property may be bound.

Appears in 1 contract

Samples: Note Agreement (Oneida LTD)

Status of Notes and Sale of Notes. The Agreement, Agreement and the Notes and the Subordination Agreement have been duly authorized on the part of the Company, have been duly executed elected and delivered by an authorized officer of the Company and constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms, except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting the enforcement of the rights of creditors or by equitable principles, regardless of whether enforcement is sought in equity or at law. The sale of the Notes and compliance by the Company with all of the provisions of this Agreement, Agreement and of the Notes and of the Subordination Agreement (i) are within the corporate powers of the Company, (ii) have been duly authorized by proper corporate action, (iii) are legal, (iv) will not violate any provisions of any law or regulation or order of any court, governmental authority or agency and (v) will not result in any breach of any of the provisions of, or constitute a default under, or result in the creation of any Lien on any Property property of the Guarantor Company or any Subsidiary under the provisions of, any charter document, by-law, loan agreement or other agreement or instrument to which the Guarantor Company or any Subsidiary is a party or by which any of them or their Property property may be bound.

Appears in 1 contract

Samples: Note Agreement (Oneida LTD)

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Status of Notes and Sale of Notes. The Agreement, Agreement and the Notes and the Subordination Agreement have been duly authorized on the part of the Company, have been duly executed and delivered by an authorized officer of the Company and constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms, except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting the enforcement of the rights of creditors or by equitable principles, regardless of whether enforcement is sought in equity or at law. The sale of the Notes and compliance by the Company with all of the provisions of this Agreement, Agreement and of the Notes and of the Subordination Agreement (i) are within the corporate powers of the Company, (ii) have been duly authorized by proper corporate action, (iii) are legal, (iv) will not violate any provisions of any law or regulation or order of any court, governmental authority or agency and (v) will not result in any breach of any of the provisions of, or constitute a default under, or result in the creation of any Lien on any Property property of the Guarantor Company or any Subsidiary under the provisions of, any charter document, by-law, loan agreement or other agreement or instrument to which the Guarantor Company or any Subsidiary is a party or by which any of them or their Property property may be bound.

Appears in 1 contract

Samples: Note Agreement (Oneida LTD)

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