Common use of Transactions Permitted Clause in Contracts

Transactions Permitted. The execution by it of the Transaction Documents to which it is expressed to be party and the performance by it of its obligations or the exercise of its rights thereunder do not in any material respect: (a) contravene its constitutional documents; (b) contravene any applicable law; (c) contravene any agreement, obligation or court order binding upon it or applicable to its assets or revenues; or (d) cause any limitation on its corporate powers or the powers of any authorised officer to be exceeded.

Appears in 2 contracts

Sources: Equity Support, Subordination and Retention Agreement (Mosaic Co), Equity Support, Subordination and Retention Agreement (Mosaic Co)