Authority; Compliance With Other Agreements and Instruments and. Government Regulations. The execution, delivery and performance by Borrower, ---------------------- each Co-Borrower and each Guarantor of the Loan Documents to which it is a Party have been duly authorized by all necessary corporate or other organizational action, and do not and will not: (a) Require any consent or approval not heretofore obtained of any member, partner, director, stockholder, security holder or creditor of such Party; (b) Violate or conflict with any provision of such Party's charter, articles of incorporation, operating agreement or bylaws, as applicable; (c) Result in or require the creation or imposition of any Lien or Right of Others upon or with respect to any Property now owned or leased or hereafter acquired by such Party; (d) Violate any Requirement of Law applicable to such Party, subject to obtaining the authorizations from, or filings with, the Governmental Agencies described in Schedule 4.3; (e) Result in a breach of or constitute a default under, or cause or permit the acceleration of any obligation owed under, any indenture or loan or credit agreement or any other Contractual Obligation to which such Party is a party or by which such Party or any of its Property is bound or affected; and neither Borrower, the Co-Borrowers nor any Guarantor is in violation of, or default under, any Requirement of Law or Contractual Obligation, or any indenture, loan or credit agreement described in Section 4.2(e), in any respect that constitutes a Material Adverse Effect.
Appears in 1 contract
Sources: Loan Agreement (MGM Grand Inc)
Authority; Compliance With Other Agreements and Instruments and. Government Regulations. The execution, delivery and performance by Borrower, each Party ---------------------- each Co-Borrower and each Guarantor of the Loan Documents to which it is a Party party have been duly authorized by all necessary corporate or other organizational action, and do not and will not:
(a) Require any consent or approval not heretofore obtained of any member, partner, director, stockholder, security holder or creditor of such Party;
(b) Violate or conflict with any provision of such Party's charter, articles certificate of incorporation, operating agreement incorporation or bylaws, as applicable;
(c) Result in or require the creation or imposition of any Lien or Right of Others upon or with respect to any Property now owned or leased or hereafter acquired by such Party;
(d) Violate any Requirement of Law applicable to such Party, subject to obtaining the authorizations from, or filings with, the Governmental Agencies described in Schedule 4.3;
(e) Result result in a breach of or default under, or would, with the giving of notice or the lapse of time or both, constitute a breach of or default under, or cause or permit the acceleration of any obligation owed under, any indenture or loan or credit agreement or any other Contractual Obligation to which such Party is a party or by which such Party or any of its Property is bound or affected; and neither Borrower, the Co-Borrowers nor any Guarantor no such Party is in violation of, or default under, any Requirement of Law or Contractual Obligation, or any indenture, loan or credit agreement described in Section 4.2(e), in any respect that constitutes a Material Adverse Effect.. ------
Appears in 1 contract
Sources: Loan Agreement (Nevada Power Co)
Authority; Compliance With Other Agreements and Instruments and. Government Regulations. The execution, delivery and performance by Borrower, ---------------------- each Co-Borrower Member and each Guarantor of the Loan Documents to which it is a Party have been duly authorized by all necessary corporate or other organizational action, and do not and will not:
(a) Require any consent or approval not heretofore hereto fore obtained of any member, partner, director, stockholder, security holder or creditor of such Party;
(b) Violate or conflict with any provision of such Party's charter, articles of organization or incorporation, operating agreement or bylaws, as applicable;
(c) Result in or require the creation or imposition of any Lien or Right of Others upon or with respect to any Property now owned or leased or hereafter acquired by such Party;
(d) Violate any Requirement of Law applicable to such Party, subject to obtaining the authorizations from, or filings with, the Governmental Agencies described in Schedule 4.3;; ------------
(e) Result in a breach of or constitute a default under, or cause or permit the acceleration of any obligation owed under, any indenture or loan or credit agreement or any other Contractual Obligation to which such Party is a party or by which such Party or any of its Property is bound or affected; and neither none of Borrower, the Co-Borrowers nor any Member or any Guarantor is in violation of, or default under, any Requirement of Law or Contractual Obligation, or any indenture, loan or credit agreement described in Section 4.2(e), in any respect that constitutes ------ a Material Adverse Effect.
Appears in 1 contract
Authority; Compliance With Other Agreements and Instruments and. Government Regulations. The execution, delivery and performance by Borrower, ---------------------- each Co-Borrower and each Guarantor ---------------------- the Subsidiary Guarantors of the Loan Documents to which it is a Party have been duly authorized by all necessary corporate or other organizational action, and do not and will not:
(a) Require any consent or approval not heretofore obtained of any member, partner, director, stockholder, security holder or creditor of such Party;
(b) Violate or conflict with any provision of such Party's charter, articles of incorporation, operating agreement incorporation or bylaws, as applicable;
(c) Result in or require the creation or imposition of any Lien or Right of Others upon or with respect to any Property now owned or leased or hereafter acquired by such Party;
(d) Violate any Requirement of Law applicable to such Party, subject to obtaining the authorizations from, or filings with, the Governmental Agencies described in Schedule 4.3;
(e) Result in a breach of or constitute a default under, or cause or permit the acceleration of any obligation owed under, any indenture or loan or credit agreement or any other Contractual Obligation to which such Party is a party or by which such Party or any of its Property is bound or affected; and neither Borrower, the Co-Borrowers nor any Guarantor such Party is not in violation of, or default under, any Requirement of Law or Contractual Obligation, or any indenture, loan or credit agreement described in Section 4.2(e), in any respect that constitutes a Material Adverse Effect.. ------
Appears in 1 contract
Authority; Compliance With Other Agreements and Instruments and. Government Regulations. The execution, delivery and performance by Borrower, ▇▇▇▇▇▇▇▇ and ---------------------- the Guarantors of each Co-Borrower and each Guarantor of the Loan Documents Document to which it is a Party have been duly authorized by all necessary corporate or other organizational action, and do not and will not:
(a) Require any consent or approval not heretofore obtained of any member, partner, director, stockholder, security holder or creditor of such Party, except as heretofore obtained;
(b) Violate or conflict with any provision of that such Party's charter, articles certificate of incorporation, operating agreement incorporation or bylaws, as applicable;
(c) Result in or require the creation or imposition of any Lien or Right right of Others others upon or with respect to any material Property now owned or leased or hereafter acquired by such that Party;
(d) Violate any Requirement of Law applicable to such Party, subject to obtaining the authorizations from, or filings with, the Governmental Agencies described Party in Schedule 4.3any material respect;
(e) Result in a breach of or constitute a default under, or cause or permit the acceleration of any obligation owed under, any indenture or loan or credit agreement or any other Contractual Obligation to which such Party is a party or by which such Party or any of its Property is bound or affected; and neither Borrower, the Co-Borrowers nor any Guarantor no Party is in violation of, or default under, any Requirement of Law or Contractual Obligation, or any indenture, loan or credit agreement described in Section 4.2(e), in any respect that constitutes a Material Adverse Effect.
Appears in 1 contract
Authority; Compliance With Other Agreements and Instruments and. Government Regulations. The execution, delivery and performance by Borrower, ---------------------- each Co-Borrower and each Guarantor ---------------------- the Subsidiary Guarantors of the Loan Documents to which it each is a Party have been duly authorized by all necessary corporate or other organizational action, and do not and will not:
(a) Require any consent or approval not heretofore obtained of any member, partner, director, stockholder, security holder or creditor of such Party;
(b) Violate or conflict with any provision of such Party's charter, articles of incorporation, operating agreement incorporation or bylaws, as applicable;
(c) Result in or require the creation or imposition of any Lien (other than pursuant to the Loan Documents) or Right of Others upon or with ------ ---- respect to any Property now owned or leased or hereafter acquired by such Party;
(d) Violate any Requirement of Law applicable to such Party, subject to obtaining the authorizations from, or filings with, the Governmental Agencies described in Schedule 4.3;
(e) Result in a breach of or constitute a default under, or cause or permit the acceleration of any obligation owed under, any indenture or loan or credit agreement or any other Contractual Obligation to which such Party is a party or by which such Party or any of its Property is bound or affected; and neither Borrower, the Co-Borrowers nor any Guarantor such Party is not in violation of, or default under, any Requirement of Law or Contractual Obligation, or any indenture, loan or credit agreement described in Section 4.2(e), in any respect that constitutes a Material Adverse Effect.. ------
Appears in 1 contract