Common use of Compliance with Applicable Laws and Material Contracts Clause in Contracts

Compliance with Applicable Laws and Material Contracts. The Borrower will, and will cause each Restricted Subsidiary to, comply with all Applicable Laws and orders of any Governmental Authority applicable to it or its property and with all of its material contractual obligations, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower shall not modify, amend or alter its Limited Partnership Agreement other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

Appears in 5 contracts

Samples: Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.)

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Compliance with Applicable Laws and Material Contracts. The Borrower will, and will cause each Restricted Subsidiary to, comply with all Applicable Laws and orders of any Governmental Authority applicable to it or its property and with all of its material contractual obligations, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower shall not modify, amend or alter its Limited Partnership Agreement certificate or articles of incorporation other than in a manner which does not adversely affect the rights of the Lenders or the AgentLender.

Appears in 1 contract

Samples: Credit Agreement (Universal Security Instruments Inc)

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