EYE » Topics » 6.02 Authorization; No Contravention .

This excerpt taken from the EYE 8-K filed Apr 3, 2007.

6.02 Authorization; No Contravention.

The execution, delivery and performance by each Loan Party of each Loan Document and each Transaction Document to which such Loan Party is party are within such Loan Party’s corporate or other powers, have been duly authorized by all necessary corporate or other organizational action, and do not

 

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and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) result in the creation or imposition of any Lien on any property of Borrower or any of its Subsidiaries, other than Liens permitted under this Agreement; (c) conflict with or result in any breach or contravention of, or require any payment to be made under, (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries, or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (d) violate in any material respect any applicable Law, except in each case referred to in clause (c), as could not reasonably be expected to have a Material Adverse Effect.

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