Common use of Due Authorization; Non-Contravention Clause in Contracts

Due Authorization; Non-Contravention. The execution and delivery by Assignor of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor of its obligations hereunder and thereunder, (i) have been duly authorized by all necessary partnership action on the part of Assignor, (ii) do not require any part nership approval, or approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not already obtained, (iii) do not contravene any law, governmental rule, regulation, judgment or order applicable to or binding on Assignor, or the limited partnership agreement of Assignor or contravene the provi sions of, or constitute a default under or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which Assignor is a party or by which Assignor is bound and (iv) except as set forth on Schedule 5(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 4 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Vi)

Due Authorization; Non-Contravention. The execution and delivery by Assignor Assignee of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor Assignee of its obligations hereunder hereunder, thereunder and thereunder, under the Trust Agreements and the other Operative Agreements (i) have been duly authorized by all necessary partnership action on the part of AssignorAssignee, (ii) do not require any part nership approval, member approval or any approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not Assignee except those already obtained, (iii) do not contravene any provision of the Act or any other law, governmental rule, regulation, judgment or order applicable to or binding on AssignorAssignee, or the limited partnership agreement organizational documents of Assignor Assignee or contravene the provi sions provisions of, or constitute a default under under, or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which Assignor Assignee is a party or by which Assignor Assignee is bound and (iv) except as set forth on Schedule 5(b6(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 2 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv)

Due Authorization; Non-Contravention. The execution and delivery by Assignor Assignee of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor Assignee of its obligations hereunder hereunder, thereunder and thereunder, under the Trust Agreements and the other Operative Agreements (i) have been duly authorized by all necessary partnership action on the part of AssignorAssignee, (ii) do not require any part nership approval, member approval or any approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not Assignee except those already obtained, (iii) do not contravene any provision of the Act or any other law, governmental rule, regulation, judgment or order applicable to or binding on AssignorAssignee, or the limited partnership agreement organizational documents of Assignor Assignee or contravene the provi sions provisions of, or constitute a default under under, or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which Assignor Assignee is a party or by which Assignor Assignee is bound and (iv) except as set forth on Schedule 5(b6(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 2 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii)

Due Authorization; Non-Contravention. The execution and delivery by Assignor of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor of its obligations hereunder and thereunder, (i) have been duly authorized by all necessary partnership action on the part of Assignor, (ii) do not require any part nership partnership approval, or approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not already obtained, (iii) do not contravene any law, governmental rule, regulation, judgment or order applicable to or binding on Assignor, or the limited partnership agreement of Assignor or contravene the provi sions provisions of, or constitute a default under or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which Assignor is a party or by which Assignor is bound and (iv) except as set forth on Schedule 5(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 2 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv)

Due Authorization; Non-Contravention. The execution and delivery by Assignor of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor of its obligations hereunder and thereunder, (i) have been duly authorized by all necessary partnership action on the part of Assignor, (ii) do not require any part nership partnership approval, or approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not already obtained, (iii) do not contravene any law, governmental rule, regulation, judgment or order applicable to or binding on Assignor, or the limited partnership agreement of Assignor or contravene the provi sions provisions of, or constitute a default under or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements or the Receivable Agreements, as applicable) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which Assignor is a party or by which Assignor is bound and (iv) except as set forth on Schedule 5(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 2 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii)

Due Authorization; Non-Contravention. The execution and delivery by Assignor Assignee of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor Assignee of its obligations hereunder hereunder, thereunder and thereunder, under the Trust Agreements and the other Operative Agreements (i) have been duly authorized by all necessary partnership action on the part of AssignorAssignee, (ii) do not require any part nership approval, member approval or any approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not Assignee except those already obtained, (iii) do not contravene any provision of the Act or any other law, governmental rule, regulation, judgment or order applicable to or binding on AssignorAssignee, or the limited partnership agreement organizational documents of Assignor Assignee or contravene the provi sions provisions of, or constitute a default under under, or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which Assignor Assignee is a party or by which Assignor Assignee is bound and (iv) except as set forth on Schedule 5(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 2 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Vi), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Vi)

Due Authorization; Non-Contravention. The execution and delivery by Assignor of this Agreement and each of the Ancillary Agreements to which it is a party, and the performance by Assignor of its obligations hereunder and thereunder, (i) have been duly authorized by all necessary partnership action on the part of Assignor, (ii) do not require any part nership approval, or approval or consent of any trustee or holder of any indebtedness or obligations of Assignor not already obtained, (iii) do not contravene any law, governmental rule, regulation, judgment or order applicable to or binding on Assignor, or the limited partnership agreement of Assignor or contravene the provi sions of, or constitute a default under or result in the creation of any Lien (other than as provided for or otherwise permitted in the Operative Agreements or the Receivable Agreements, as applicable) upon the Trust Estate or any other Transferred Interest under any indenture, mortgage, bank credit agreement, note or bond purchase agreementagree ment, long-term lease, license or other agreement or instrument to which Assignor is a party or by which Assignor is bound and (iv) except as set forth on Schedule 5(b) attached hereto, do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or foreign governmental authority or agency or any other Person, except those already obtained.

Appears in 2 contracts

Sources: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund V), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund V)