Common use of Compliance of Agreement Clause in Contracts

Compliance of Agreement. LOAN DOCUMENTS AND BORROWING WITH LAWS, ETC. The execution, delivery and performance by 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 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 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 LAWSLoan Documents and Borrowing with Laws, ETC---------------------------------------------------------------- Etc. The execution, delivery and performance by 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 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 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 LAWSLoan Documents and Borrowing with Laws, ETCEtc. The execution, delivery and performance by the Borrower BREED 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) to the best of the Borrowers' knowledge, require any Governmental Approval or violate any Applicable Law relating to the Borrower BREED 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 the Borrower BREED 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 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 the Borrower or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the certificate or articles of incorporation, bylaws or other organizational documents of 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 LAWSLoan Documents and Borrowing with Laws, ETCEtc. -------------------------------------------------------------------- The execution, delivery and performance by the 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 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 Governmental Approval or violate any Applicable Law relating to the 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 the 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 LAWSLoan Documents and Borrowing with Laws, ETCEtc. -------------------------------------------------------------------- The execution, delivery and performance by 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 the Borrower or any of its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the certificate or articles of incorporation, bylaws or other organizational documents of 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 LAWSLoan Documents and Borrowing with Laws, ETCEtc. --------------------------------------------------------------------- The execution, delivery and performance by the Borrower and its Designated 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 by this Agreement 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 the Borrower or any of its Designated Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Borrower or any of its Designated 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 LAWSLoan Documents and Borrowing with Laws, ETCEtc. -------------------------------------------------------------------- The execution, delivery and performance by the 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 the 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 the 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 LAWSNotes, ETCLoan Documents, and Borrowing with Laws, etc. The execution, delivery and performance by of this Agreement, the Borrower Notes, and its Subsidiaries of the other Loan Documents to which each such Person is a party, in accordance with their respective terms, and the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice notice, or otherwise, : (i) require any Governmental Approval Approval, other than such as have been obtained and are in full force and effect, or violate any Applicable Law (including all Environmental Laws) relating to the Borrower or any of its Subsidiaries, Subsidiary; (ii) conflict with, result in a breach of of, or constitute a default under the articles of incorporation, incorporation or the bylaws of Borrower or other the organizational documents of the Borrower or any of its Subsidiaries Subsidiary, or any indenture, agreement agreement, or other instrument to which such Person Borrower or any Subsidiary is a party or by which it or any of its respective properties may be bound or any Governmental Approval relating to such Person, bound; 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 Subsidiary.