Significant Documents definition
Examples of Significant Documents in a sentence
The Borrower is able to meet its obligations when they become due and is not in default under any mortgage, borrowing agreement or other instrument or agreement pertaining to indebtedness for borrowed money, and the execution and delivery by the Borrower of, and the performance by the Borrower under, the Significant Documents will not result in any violation of any such mortgage, instrument or agreement to which the Borrower is a party or by which any of its assets are bound.
Each party represents to the other that it has received legal advice from counsel of its choice regarding the meaning and legal significance of this Agreement and each of the other Significant Documents to which it is a party and that it is satisfied with its legal counsel and the advice received from it.
There is no action, proceeding or investigation pending or, to the best knowledge of the Borrower, threatened, against the Borrower before any Governmental Authority, arbitrator, court, administrative agency or other tribunal (A) asserting the invalidity of any of the Significant Documents, (B) seeking to prevent the consummation of any of the transactions contemplated by any of the Significant Documents, or (C) which could result in a Material Adverse Effect.
No consent, approval, authorization or order of, registration or filing with, or notice to any third party, including any Governmental Authority or court is required under applicable Law or any material contract to which the Borrower is a party in connection with the execution, delivery and performance by the Borrower of the Significant Documents.
The parties hereto understand that this Agreement and each of the other Significant Documents to which either of them is a party are legally binding agreements that may affect such party’s rights.
This Agreement, together with the Significant Documents, including the Exhibits and the Schedules thereof, contains the entire agreement of the parties with respect to the subject matters thereof, and supersedes all prior agreements between them, whether oral or written, of any nature whatsoever with respect to the subject matter hereof.
The Borrower has the absolute and unconditional power and authority and legal right to own and g▇▇▇▇ ▇ ▇▇▇▇ on all of its right, title and interest in and to the Collateral, and the Borrower has the requisite power and authority and legal right to execute and deliver, engage in the transactions contemplated by, and perform and observe the terms and conditions of, the Significant Documents.
The Borrower shall do all things necessary to remain duly organized, validly existing and in good standing as a domestic limited liability company in the State of Delaware and to maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except where the failure to maintain such authority would not have a Material Adverse Effect on the ability of the Borrower to conduct its business or to perform its obligations under the Significant Documents.
Each of the Significant Documents has been duly authorized and executed by the Borrower and is a legal, valid and binding agreement and is enforceable against the Borrower in accordance with its terms.
This Standby Agreement, together with the Significant Documents, including the Exhibits and the Schedules thereto, contains the entire agreement of the parties with respect to the subject matters 51 52 hereto, and supersedes all prior agreements between them, whether oral or written, of any nature whatsoever with respect to the subject matter hereof.