Common use of Adverse Contracts Clause in Contracts

Adverse Contracts. No Borrower or any Subsidiary is a party to, nor is any Borrower or any of its Property subject to or bound by, any long term lease, forward purchase contract or futures contract, covenant not to compete, or other agreement which restricts its ability to conduct its business, or could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc)

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Adverse Contracts. No Neither the Borrower or nor any Subsidiary is a party to, nor is any the Borrower or any of its Property subject to or bound by, any long term lease, forward purchase contract or futures contract, covenant not to compete, or other agreement which restricts its ability to conduct its business, or could reasonably be expected to business and might have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Brothers Gourmet Coffees Inc)

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