Compliance; No Default. Each Borrower and each Subsidiary shall be in compliance with all the terms and provisions set forth herein and in each other Operative Agreements on its part to be observed or performed, and at the time of and immediately after the Additional Borrowing, no Potential Event of Default or Event of Default shall have occurred and be continuing.
Compliance; No Default. 34 5.6 Effect of Each Additional Borrowing.........................34 5.7
Compliance; No Default. Borrower shall be in compliance with all the ----------------------- terms and provisions of the Loan Documents, and no Default or Event of Default shall have occurred and be continuing or shall result from the making of such Advance or the application of the proceeds thereof or from the incurrence of such Letter of Credit Obligations.
Compliance; No Default. The Issuer is in compliance with the terms and conditions of (i) this Agreement, (ii) each of the other Financing Documents to which it is a party, (iii) to the best of its knowledge, any law or regulation relative to the issuance of Debt, and (iv) to the best of its knowledge, each agreement or instrument relating to any Debt; and no Default or Event of Default has occurred and is continuing.
Compliance; No Default. 24 SECTION 3.08. Investment and Holding Company Status................... 24 SECTION 3.09. Taxes................................................... 24 SECTION 3.10. Labor Matters........................................... 24 SECTION 3.11. ERISA................................................... 25 ARTICLE IV
Compliance; No Default. Each of the Borrower and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing.
Compliance; No Default. Except as set forth in Schedule 4.24, to the Knowledge of Seller Parties: (i) the Company has fully complied with all material terms and conditions of each Government Contract and Government Bid to which it is a party as required; (ii) the Company has complied with all material requirements of any statute, rule or regulation pertaining to such Government Contract or Government Bid; (iii) all representations and certifications made by the Company with respect to such Government Contract or Government Bid were accurate in every material respect as of their effective date and as of the date hereof and the Company has fully complied with all such representations and certifications in all material respects; and (iv) no termination for default, cure notice or show cause notice has been issued and remains unresolved.
Compliance; No Default. This Agreement constitutes the binding agreement of each Seller, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equity. Neither the execution of this Agreement, nor the consummation of the transactions contemplated hereby (including without limitation the sale of the Purchased Receivables and related assets, and the pledge thereof) conflicts with, or causes a default under, or results in the creation of any security interest pursuant to, any other agreement to which such Seller is a party or is subject; nor does it breach any judgment, decree, order or permit applicable to such Seller.
Compliance; No Default. The Borrower shall have performed and complied in all material respects with all terms and conditions herein required to be performed or complied with by it prior to or on such Borrowing Date, and on such Borrowing Date, after giving effect to the proposed Advances or the issuance of the proposed Letter of Credit, as the case may be, on such date and, on a pro forma basis, as of the last day of the most recently ended month for which financial statements are available, there shall exist no Event of Default or condition which would, with notice or the lapse of time or both, result in an Event of Default. Each request by the Borrower for Advances or the issuance of a Letter of Credit shall constitute certification by the Borrower that the conditions specified in this SECTION 3.02 will be duly satisfied on such Borrowing Date.
Compliance; No Default. This Agreement constitutes the binding ---------------------- agreement of Seller, enforceable in accordance with its terms and Seller has taken all necessary corporate action to authorize the execution and delivery hereof. This Agreement does not conflict with, or cause a default under, or result in the creation of any security interest pursuant to, any other agreement to which Seller is a party or is subject; nor does it breach any judgment, decree, order or permit applicable to Seller.
