Authority and No Conflict. Each member of the Seller Group has ------------------------- full right, power and authority, without the consent of or filing with any other person (including any governmental authority), to execute and deliver this Agreement and the agreements contemplated hereby and to carry out the transactions contemplated hereby and thereby. All corporate and other acts required to be taken by any member of the Seller Group to authorize the execution, delivery and performance of this Agreement and all agreements and transactions contemplated hereby have been properly taken. Such execution, delivery and performance will not create any encumbrance nor terminate nor accelerate any obligation of the Business and will not violate or conflict with any provision of (i) the Articles of Association and Memorandum of Association of the Company, (ii) any contract, permit, license or other instrument to which any member of the Seller Group is a party or is bound, (iii) any injunction, decree or judgment of any court or governmental agency, or (iv) any Law applicable to any member of the Seller Group or the Business.
Appears in 1 contract
Sources: Stock Purchase Agreement (First Sierra Financial Inc)
Authority and No Conflict. Each member of the The Seller Group has ------------------------- full right, power ------------------------- and authority, without the consent of or filing with any other person (including any governmental authority), to execute and deliver this Agreement and the agreements contemplated hereby and to carry out the transactions contemplated hereby and thereby. All corporate and other acts required to be taken by any member of the Seller Group to authorize the execution, delivery and performance of this Agreement and all agreements and transactions contemplated hereby have been properly taken. Such execution, delivery and performance will not create any encumbrance nor terminate nor accelerate any obligation of the Business and will not violate or conflict with any provision of (i) the Articles of Association and Memorandum of Association of the Company, (ii) any contract, permit, license or other instrument to which any member of the Seller Group is a party or is bound, (iii) any injunction, decree or judgment of any court or governmental agency, or (iv) any Law applicable to any member of the Seller Group or the Business.
Appears in 1 contract
Sources: Stock Purchase Agreement (First Sierra Financial Inc)