Common use of Business; Compliance Clause in Contracts

Business; Compliance. The Borrower has performed and abided by all obligations required to be performed by it to the extent it could be materially and adversely affected under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound.

Appears in 3 contracts

Samples: Credit Agreement (Trek Resources Inc), Credit Agreement (Toreador Royalty Corp), Credit Agreement (Gladstone Resources Inc)

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Business; Compliance. The Each Borrower has performed and abided by all obligations required to be performed by it to the extent it could be materially and adversely affected under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is boundassets are bound and which, if such Borrower were to fail to perform or abide by, such failure would have a material adverse effect on the business operations of such Borrower.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Amresco Inc), Loan Agreement (Amresco Inc)

Business; Compliance. The Each Borrower has performed and abided by all obligations required to be performed by it to the extent it could be materially and adversely affected under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound.

Appears in 1 contract

Samples: Credit Agreement (Toreador Royalty Corp)

Business; Compliance. The Borrower has performed and abided by all obligations required to be performed by it to the extent it could be materially and adversely affected under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is boundbound except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Gas Resources, Inc.)

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Business; Compliance. The Borrower has performed and abided by all obligations -------------------- Obligations required to be performed by it to the extent it could be materially and adversely affected under any license, permit, order, authorization, grant, contract, agreement, agreement or regulation to which the extent it is could have a party or by which it or any of its Property is boundMaterial Adverse Effect.

Appears in 1 contract

Samples: Revolving Warehouse Line of Credit Loan Agreement (Nab Asset Corp)

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