Common use of Charge; Restrictions Clause in Contracts

Charge; Restrictions. (a) On the Execution Date and on the Effective Date, neither Borrower, nor any Primary Obligor nor any Portfolio Entity or any other Loan Party is a party to (nor are any of such Person's Assets otherwise subject to) any contract or agreement or restriction, judgment, decree or order that could have a Material Adverse Effect. (b) On the Execution Date and on the Effective Date, none of Borrower, nor any Primary Obligor, Material Portfolio Entity , or any other Loan Party is subject to (nor are any such Person's Assets otherwise subject to) any Charge (other than Charges owed by First B or First X).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp)

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Charge; Restrictions. (a) On the Execution Date and on the Effective Date, neither none of Borrower, nor any Primary Obligor nor Obligor, any Portfolio Entity or any other Loan Party is a party to (nor are any of such Person's ’s Assets otherwise subject to) any contract or agreement or restriction, judgment, decree or order that could have a Material Adverse Effect. (b) On the Execution Date and on the Effective Date, none of Borrower, nor any Primary Obligor, Material Portfolio Entity Entity, or any other Loan Party is subject to (nor are any such Person's ’s Assets otherwise subject to) any Charge (other than Charges owed by First B or First X).

Appears in 1 contract

Samples: Reducing Note Facility Agreement (Firstcity Financial Corp)

Charge; Restrictions. (a) On the Execution Date and on the Effective Date, neither Borrower, nor any Primary Obligor nor any Portfolio Entity or any other Loan Party is a party to (nor are any of such Person's ’s Assets otherwise subject to) any contract or agreement or restriction, judgment, decree or order that could have a Material Adverse Effect. (b) On the Execution Date and on the Effective Date, none of either Borrower, nor any Primary Obligor, Material Portfolio Entity Entity, or any other Loan Party is subject to (nor are any such Person's ’s Assets otherwise subject to) any Charge (other than Charges owed by First B or First X).

Appears in 1 contract

Samples: Reducing Note Facility Agreement (Firstcity Financial Corp)

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Charge; Restrictions. (a) On the Execution Date and on the Effective Date, neither Borrower, nor any Primary Obligor nor any Portfolio Entity or any other Loan Party is a party to (nor are any of such Person's ’s Assets otherwise subject to) any contract or agreement or restriction, judgment, decree or order that could have a Material Adverse Effect. (b) On the Execution Date and on the Effective Date, none of Borrower, nor any Primary Obligor, Material Portfolio Entity , or any other Loan Party is subject to (nor are any such Person's ’s Assets otherwise subject to) any Charge (other than Charges owed by First B or First X).

Appears in 1 contract

Samples: Subordinated Delayed Draw Credit Agreement (Firstcity Financial Corp)

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