Common use of Business; Compliance Clause in Contracts

Business; Compliance. Borrower and each Guarantor have performed and abided by all obligations required to be performed by them under any license, permit, order, authorization, grant, contract, agreement, or regulation to which they are a party or by which they or any of their assets are bound and which, if Borrower or such Guarantor were to fail to perform or abide by, such failure would have a material adverse effect on the business operations of Borrower or such Guarantor.

Business; Compliance. Borrower and each Guarantor have performed and abided by all obligations required to be performed by them it under any license, permit, order, authorization, grant, contract, agreement, or regulation to which they are it is a party or by which they it or any of their its assets are bound and which, if Borrower or such Guarantor were to fail to perform or abide by, such failure would have a material adverse effect on the business operations of Borrower or such Guarantor.

Business; Compliance. Borrower and each Guarantor have has performed and abided by all obligations required to be performed by them it under any license, permit, order, authorization, grant, contract, agreement, or regulation to which they are it is a party or by which they it or any SECOND AMENDED AND RESTATED LOAN AGREEMENT (Monarch Dental Corporation) Page 41 42 of their its assets are bound and which, if Borrower or any such Guarantor Person were to fail to perform or abide by, such failure would have a material adverse effect on the business operations of Borrower or such GuarantorMaterial Adverse Effect.