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 Borrowers and 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 any Borrower or any Subsidiary thereof, (ii) conflict with, result in a breach of or constitute a default under the certificate of incorporation, bylaws or other organizational documents of any Borrower or any 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.

Appears in 1 contract

Samples: Credit Agreement (Cca Prison Realty Trust)

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Compliance of Agreement. Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Borrowers and their respective 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 any Borrower the Borrowers or any Subsidiary thereof, of their respective Subsidiaries; (ii) conflict with, result in a breach of or constitute a default under the certificate articles of incorporation, bylaws or other organizational documents of any Borrower the Borrowers or any Subsidiary thereof of their respective 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.

Appears in 1 contract

Samples: Credit Agreement (Imagemax Inc)

Compliance of Agreement. Loan Documents and Borrowing with Laws, ---------------------------------------------------------------- Etc. The execution, delivery and performance by the Borrowers Wilmar and their 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 any Borrower Wilmar or any Subsidiary thereofof its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the certificate articles of incorporation, bylaws or other organizational documents of any Borrower Wilmar or any Subsidiary thereof 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.

Appears in 1 contract

Samples: Credit Agreement (Wilmar Industries Inc)

Compliance of Agreement. Note, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Borrowers of this Agreement and their Subsidiaries each of the other Loan Documents to which each such Person the Borrower is a party, party in accordance with their respective terms, terms and 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 applicable law relating to the Borrower or, to the Borrower's knowledge, any Borrower or any Subsidiary thereof, of its Affiliates, (ii) conflict with, result in a breach of or constitute a default under (A) the articles or certificate of incorporationincorporation or bylaws of the Borrower, bylaws or other organizational documents of any Borrower or any Subsidiary thereof or (B) any indenture, agreement or other instrument to which such Person the Borrower is a party or by which any of its properties property may be bound or (C) any Governmental Approval relating to such Personthe Borrower, or 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 the Borrower other than Liens arising under the Loan DocumentsSecurity Interest.

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

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Compliance of Agreement. Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Borrowers and 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 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 any Borrower the Borrowers or any Subsidiary thereofof their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the certificate articles of incorporation, bylaws or other organizational documents of any Borrower the Borrowers or any Subsidiary thereof of their Subsidiaries, or under any indenture, agreement or other instrument to which such Person is a party or by which any of its their properties may be bound or any Governmental Approval relating to such Personbound, 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.

Appears in 1 contract

Samples: Credit Agreement (Vermont Pure Holdings LTD)

Compliance of Agreement. Loan Credit Documents and Borrowing with Laws, Etc. The Except as set forth in Schedule 5.1(d), the execution, delivery and performance by the Borrowers and their Subsidiaries each Credit Party of the Loan Credit 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 applicable law relating to any Borrower Credit Party or any Subsidiary thereofof its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the certificate articles of incorporation, bylaws or other organizational documents of any Borrower Credit Party or any Subsidiary thereof 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 Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Horizon Personal Communications Inc)

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