Common use of Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc Clause in Contracts

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn or any of its Subsidiaries or any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn the Borrower and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby hereby, do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn the Borrower or any of its Subsidiaries, ; (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn the Borrower or any of its Subsidiaries or any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, ; or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn each Borrower and its Subsidiaries each Subsidiary of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn any Borrower or any of its SubsidiariesSubsidiary, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn any Borrower or any of its Subsidiaries Subsidiary or any material indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn the Borrowers and its their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn any Borrower or any of its SubsidiariesSubsidiary thereof, (ii) conflict with, result in a breach of or constitute a default under the articles certificate of incorporation, bylaws or other organizational documents of Longhorn any Borrower or any of its Subsidiaries Subsidiary thereof or any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn the Parent and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn the Parent or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn the Parent or any of its Subsidiaries Subsidiaries, (iii) conflict with, result in a breach of or constitute a default under any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, except where such conflict, breach or default could not reasonably be expected to have a Material Adverse Effect, or (iiiiv) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn each Borrower and its Subsidiaries each Subsidiary thereof of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn any Borrower or any of its SubsidiariesSubsidiary thereof, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn any Borrower or any of its Subsidiaries Subsidiary thereof or any indenture, agreement or other instrument Material Contract to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any material property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries the Borrowers of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn the Borrowers or any of its their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn or any of its Subsidiaries Borrower or any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries each of the Credit Parties of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder under this Agreement and the transactions contemplated hereby and thereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn or any of its SubsidiariesCredit Party, (ii) conflict with, result in a breach of or constitute a default under the agreement of limited partnership of the Borrower, the articles of incorporation, bylaws or other organizational documents of Longhorn or any of its Subsidiaries Guarantor or any indenture, agreement or other instrument to which such Person any Credit Party is a party or by which any of its properties may be bound or any Governmental Approval relating to such Personany Credit Party, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person any Credit Party other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries each of the Credit Parties of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Extensions of Credit hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any material Governmental Approval or violate any material Applicable Law relating to Longhorn the Borrower or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn the Borrower or any of its Subsidiaries or any material indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn the Borrower and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn the Borrower or any of its Subsidiaries, ; (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn the Borrower or any of its Subsidiaries or any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, ; or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries the Borrower of the Loan Documents to which each such Person it is a party, in accordance with their respective terms, the borrowings hereunder and thereunder and the consummation of the other transactions contemplated hereby and thereby do not and will not, by the passage of time, the giving of notice or otherwise, : (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn or any of its Subsidiariesthe Borrower, (ii) conflict with, result in a breach of or constitute a default under the Borrower’s articles of incorporation, bylaws by-laws or other organizational documents of Longhorn or any of its Subsidiaries the Borrower or any indenture, material agreement or other instrument to which such Person it is a party or by which any of its material properties may be bound or any Governmental Approval relating to such Personthe Borrower, or (iii) result in in, or require the creation or imposition of of, any Lien upon or with respect to any property now owned or hereafter acquired by such Person the Borrower other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries the CREDIT PARTIES of the Loan Documents LOAN DOCUMENTS to which each such Person PERSON is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval GOVERNMENTAL APPROVAL or violate any Applicable Law APPLICABLE LAW relating to Longhorn or any of its Subsidiariesthe CREDIT PARTIES, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn or any of its Subsidiaries the CREDIT PARTIES or any indenture, agreement or other instrument to which such Person PERSON is a party or by which any of its properties may be bound or any Governmental Approval GOVERNMENTAL APPROVAL relating to such PersonPERSON, or (iii) result in or require the creation or imposition of any Lien LIEN upon or with respect to any property now owned or hereafter acquired by such Person PERSON other than Liens LIENS arising under the Loan DocumentsLOAN DOCUMENTS.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn the Borrower and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn the Borrower or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn the Borrower or any of its Subsidiaries or any indenture, agreement or other instrument Material Contract to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn the Borrower and its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn the Borrower or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn the Borrower or any of its Subsidiaries or any material indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, Person or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn each Borrower and its Subsidiaries each Subsidiary of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn any Borrower or any of its SubsidiariesSubsidiary, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of Longhorn any Borrower or any of its Subsidiaries Subsidiary or any material indenture, agreement or other instrument to which such Person is a party or by which any of its properties 32 39 may be bound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by Longhorn and its Subsidiaries each Borrower of the Loan Documents to which each such Person Borrower is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to Longhorn such Borrower or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws bylaws, certificate of partnership, partnership agreement or other organizational documents of Longhorn such Borrower or any of its Subsidiaries or any indenture, agreement or other instrument to which such Person Borrower or any of its Subsidiaries is a party or by which any of its properties may be bound or any Governmental Approval relating to such PersonBorrower or any of its Subsidiaries, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan DocumentsBorrower or any of its Subsidiaries.