Common use of Valid Authorization Clause in Contracts

Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee (i) is within the Guarantor’s authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization or action by or in respect of, or filing with, any governmental authority, and (iv) does not contravene or constitute a default under any provision of Applicable Law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security on any asset of the Guarantor or any of its Subsidiaries.

Appears in 3 contracts

Samples: Guarantee (Ovintiv Inc.), Guarantee (Ovintiv Inc.), Guarantee (Ovintiv Inc.)

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Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee and each of the Documents to which it is a party (i) is within the Guarantor’s authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization Governmental Authorization or action by or in respect of, or filing with, any governmental authorityGovernmental Authority, and (iv) does not contravene or constitute a default under any provision of Applicable Lawapplicable law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security Security Interest on any asset of the Guarantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Facilities (Baytex Energy Corp.)

Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee (i) is within the Guarantor’s 's authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization or action by or in respect of, or filing with, any governmental authority, and (iv) does not contravene or constitute a default under any provision of Applicable Lawapplicable law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any mortgage, charge, lien or security interest on any asset of the Guarantor or any of its Subsidiaries.Guarantor. · LEGAL_CAL: 11275808,5

Appears in 1 contract

Samples: Lenders Funding Agreement

Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee and each of the Documents to which it is a party (i) is within the Guarantor’s authority, capacity and power, (ii) has been duly authorized by all necessary corporate trust, trustee and other action, (iii) requires no governmental authorization Governmental Authorization or action by or in respect of, or filing with, any governmental authorityGovernmental Authority, and (iv) does not contravene or constitute a default under any provision of Applicable Lawapplicable law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security Security Interest on any asset of the Guarantor or any of its SubsidiariesSubsidiaries (other than pursuant to the Security).

Appears in 1 contract

Samples: Guarantee Agreement (Baytex Energy Trust)

Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee and each of the Documents to which it is a party (i) is within the Guarantor’s authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization Governmental Authorization or action by or in respect of, or filing with, any governmental authorityGovernmental Authority, and (iv) does not contravene or constitute a default under any provision of Applicable Lawapplicable law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security Security Interest on any asset of the Guarantor or any of its SubsidiariesSubsidiaries (other than pursuant to the Security).

Appears in 1 contract

Samples: Full Recourse Guarantee

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Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee and each of the Documents to which it is a party (i) is within the Guarantor’s 's authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization Governmental Authorization or action by or in respect of, or filing with, any governmental authorityGovernmental Authority, and (iv) does not contravene or constitute a default under any provision of Applicable Lawapplicable law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security Security Interest on any asset of the Guarantor or any of its SubsidiariesSubsidiaries (other than pursuant to the Security).

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee and each of the Documents to which it is a party (i) is within the Guarantor’s 's authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization Governmental Authorization or action by or in respect of, or filing with, any governmental authorityGovernmental Authority, and (iv) does not contravene or constitute a default under any provision of Applicable Lawapplicable law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security Security Interest on any asset of the Guarantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Valid Authorization. The execution, delivery and performance by the Guarantor of this Guarantee (i) is within the Guarantor’s authority, capacity and power, (ii) has been duly authorized by all necessary corporate and other action, (iii) requires no governmental authorization Governmental Authorization or action by or in respect of, or filing with, any governmental authorityGovernmental Authority, and (iv) does not contravene or constitute a default under any provision of Applicable Law, or any agreement or any judgment, injunction, order, decree or other instrument binding upon the Guarantor or result in the creation or imposition of any security on any asset of the Guarantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Guarantee (Encana Corp)

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