Common use of AGREEMENTS; ADVERSE OBLIGATIONS; LABOR DISPUTES Clause in Contracts

AGREEMENTS; ADVERSE OBLIGATIONS; LABOR DISPUTES. The Supplemental Schedule sets forth a list of all Material Business Agreements of the Borrower and each of the Subsidiary Guarantors. As of the Closing Date, the Material Business Agreements of the Borrower and the Subsidiary Guarantors are in full force and effect and have not been revoked or otherwise modified since the execution thereof. The Borrower and each of the Subsidiary Guarantors is in full compliance with the material terms of the Material Business Agreements to which it is a party. Neither the Borrower, nor any of its Subsidiaries, is subject to any contract, agreement, corporate restriction which could reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries is a party to any labor dispute (other than grievance disputes which could, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect or could reasonably be expected to result in liabilities to the Borrower, any Subsidiary Guarantor or the Combined Borrowing Entities in an amount exceeding Seven Hundred Fifty Thousand Dollars ($750,000). There are no material strikes, slow downs, walkouts or other concerted interruptions of operations by employees of the Borrower or any Subsidiary Guarantor, whether or not relating to any labor contracts.

Appears in 1 contract

Samples: Credit and Security Agreement (Curtis Sub Inc)

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AGREEMENTS; ADVERSE OBLIGATIONS; LABOR DISPUTES. The Supplemental Disclosure Schedule sets forth a list of all Material Business Agreements of the each Borrower and each Subsidiary thereof as of the Subsidiary GuarantorsClosing Date. As of the Closing Date, the Material Business Agreements of the such Borrower and the such Subsidiary Guarantors are in full force and effect and have not been revoked or otherwise modified since the execution thereof, except as disclosed on the Disclosure Schedule. The Such Borrower and each of the such Subsidiary Guarantors is are in full material compliance with the material terms of the Material Business Agreements to which it is a partyAgreements. Neither the BorrowerNo Borrower is, nor is any of its SubsidiariesSubsidiary, is subject to any contract, agreement, or corporate or limited liability company restriction which could reasonably be expected to have a Material Adverse Effect. Neither No Borrower is, nor is any Subsidiary thereof, to the knowledge of such Borrower nor any of its Subsidiaries is a or such Subsidiary, party to any labor dispute (including any strike, slowdown, walkout or other than concerted interruptions by its employees, but excluding grievance disputes disputes) which could, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect or could reasonably be expected to result in liabilities to the Borrower, any Subsidiary Guarantor or the Combined Borrowing Entities in an amount exceeding Seven Hundred Fifty Thousand Dollars ($750,000)Effect. There are no material strikes, slow downs, walkouts or other concerted interruptions of operations by employees of the any Borrower or any Subsidiary Guarantor, thereof whether or not relating to any labor contracts.

Appears in 1 contract

Samples: Credit and Security Agreement (Hawk Corp)

AGREEMENTS; ADVERSE OBLIGATIONS; LABOR DISPUTES. The Supplemental Disclosure Schedule sets forth a list of all Material Business Agreements of the Borrower each Borrowers and each Subsidiary thereof as of the Subsidiary GuarantorsClosing Date. As of the Closing Date, the Material Business Agreements of the such Borrower and the such Subsidiary Guarantors are in full force and effect and have not been revoked or otherwise modified since the execution thereof, except as disclosed on the Disclosure Schedule. The Each Borrower and each of the Subsidiary Guarantors thereof is in full material compliance with the material terms of the Material Business Agreements to which it is a partyAgreements. Neither the Borrower, No Borrower nor any of its Subsidiaries, Subsidiary thereof is subject to any contract, agreement, or corporate restriction which could reasonably be expected to have a Material Adverse Effect. Neither the No Borrower nor any of its Subsidiaries Subsidiary thereof is a party to any labor dispute (including any strike, slowdown, walkout or other than concerted interruptions by its employees, but excluding grievance disputes disputes) which could, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect or could reasonably be expected to result in liabilities to the Borrower, any Subsidiary Guarantor or the Combined Borrowing Entities in an amount exceeding Seven Hundred Fifty Thousand Dollars ($750,000)Effect. There are no material strikes, slow downs, walkouts or other concerted interruptions of operations by employees of the any Borrower or any Subsidiary Guarantor, thereof whether or not relating to any labor contractscontracts which could, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Unova Inc)

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AGREEMENTS; ADVERSE OBLIGATIONS; LABOR DISPUTES. The Supplemental Disclosure Schedule sets forth a list of all Material Business Agreements of the Borrower and each the Subsidiaries thereof as of the Subsidiary GuarantorsClosing Date. As of the Closing Date, the Material Business Agreements of the Borrower and the Subsidiary Guarantors such Subsidiaries are in full force and effect and have not been revoked or otherwise modified since the execution thereof, except as disclosed on the Disclosure Schedule. The Borrower and each of the Subsidiary Guarantors is such Subsidiaries thereof are in full material compliance with the material terms of the Material Business Agreements to which it is a partyAgreements. Neither the Borrower, nor any of its SubsidiariesSubsidiaries thereof, is subject to any contract, agreement, or corporate restriction which could reasonably be expected to have a Material Adverse Effect. Neither the Borrower Borrower, nor any of its the Subsidiaries thereof, is a party to any labor dispute (including any strike, slowdown, walkout or other than concerted interruptions by its employees, but excluding grievance disputes disputes) which could, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect or could reasonably be expected to result in liabilities to the Borrower, any Subsidiary Guarantor or the Combined Borrowing Entities in an amount exceeding Seven Hundred Fifty Thousand Dollars ($750,000)Effect. There are no material strikes, slow downs, walkouts or other concerted interruptions of operations by employees of any of the Borrower or any Subsidiary Guarantor, of the Subsidiaries thereof whether or not relating to any labor contracts.

Appears in 1 contract

Samples: Credit and Security Agreement (Olympic Steel Inc)

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