Due Authorization; No Contravention. The execution, delivery and performance by WorldSpace of this Agreement have been duly authorized by all necessary corporate action, other than the approval of the stockholders of WorldSpace contemplated by Section 4.5, and do not and will not: (a) Breach or violate the terms of the charter or bylaws of WorldSpace or the terms of any contract to which WorldSpace is a party or by which it is bound; or (b) Violate any law or regulation applicable to WorldSpace.
Appears in 3 contracts
Sources: Exchange Agreement (American Mobile Satellite Corp), Exchange Agreement (Xm Ventures), Exchange Agreement (American Mobile Satellite Corp)