No Impediment to Transactions Sample Clauses
The "No Impediment to Transactions" clause ensures that neither party is restricted or prevented from entering into or completing transactions as contemplated by the agreement. In practice, this clause requires each party to confirm that there are no existing legal, contractual, or regulatory barriers that would interfere with their ability to fulfill their obligations or consummate the deal. By including this provision, the agreement aims to provide assurance that all parties are free to proceed, thereby reducing the risk of delays or failures due to unforeseen restrictions.
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No Impediment to Transactions. 4.2.1 Transaction is Legal and Authorized. The issuance of the Subordinated Notes, the borrowing of the aggregate Subordinated Note Amount, the execution of the Transaction Documents and compliance by the Company with all of the provisions of the Transaction Documents are within the corporate and other powers of the Company.
No Impediment to Transactions. 4.2.1 Transaction is Legal and Authorized. The borrowing of the principal amount of the Loans, the execution of this Agreement and the other Transaction Documents and compliance by Borrower or any Subsidiary, as applicable, with all of the provisions of this Agreement and of the other Transaction Documents are within the corporate and other powers of Borrower or such Subsidiary, as applicable. This Agreement and the other Transaction Documents to which Borrower or such Subsidiary, as applicable, is a party have been duly authorized, executed and delivered by Borrower or such Subsidiary, as applicable, and are the legal, valid and binding obligations of Borrower or such Subsidiary, as applicable, enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, or other laws relating to or limiting creditors' rights or equitable principles generally.
No Impediment to Transactions