Common use of Compliance with Law; Absence of Default Clause in Contracts

Compliance with Law; Absence of Default. Each of the Borrower and the Borrower’s Subsidiaries is in material compliance with all Applicable Laws (including, without limitation, ERISA) and with all of the provisions of its certificate of incorporation and by-laws, and no event has occurred or has failed to occur which has not been remedied or waived, the occurrence or non-occurrence of which constitutes (i) a Default or (ii) a material default by the Borrower or any of the Borrower’s Subsidiaries under any indenture, agreement, or other instrument, or any judgment, decree, or order to which the Borrower or any of the Borrower’s Subsidiaries is a party or by which the Borrower or any of the Borrower’s Subsidiaries or any of their respective properties may be bound.

Compliance with Law; Absence of Default. Each of the Borrower and the --------------------------------------- Borrower’s 's Subsidiaries is in material compliance with all Applicable Laws (including, without limitation, ERISA) and with all of the provisions of its certificate of incorporation and by-laws, and no event has occurred or has failed to occur which has not been remedied or waived, the occurrence or non-occurrence of which constitutes (ix) a Default or (iiy) a material default by the Borrower or any of the Borrower’s 's Subsidiaries under any indenture, agreement, or other instrument, or any judgment, decree, or order to which the Borrower or any of the Borrower’s 's Subsidiaries is a party or by which the Borrower or any of the Borrower’s 's Subsidiaries or any of their respective properties may be bound.

Compliance with Law; Absence of Default. Each of the Borrower and the --------------------------------------- Borrower’s 's Subsidiaries is in material compliance with all Applicable Laws (including, without limitation, ERISA) and with all of the provisions of its certificate of incorporation and by-laws, and no event has occurred or has failed to occur which has not been remedied or waived, the occurrence or non-occurrence of which constitutes (i) a Default or - (ii) a material default by the Borrower or any of the Borrower’s 's Subsidiaries under any -- indenture, agreement, or other instrument, or any judgment, decree, or order to which the Borrower or any of the Borrower’s 's Subsidiaries is a party or by which the Borrower or any of the Borrower’s 's Subsidiaries or any of their respective properties may be bound.

Compliance with Law; Absence of Default. Each of the Borrower and the Borrower’s its Subsidiaries is in material compliance with all Applicable Laws (including, without limitation, ERISAexcept to the extent that the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect) and with all of the provisions of its certificate or articles of incorporation and by-laws, and no event has occurred or has failed to occur which has not been remedied or waived, the occurrence or non-occurrence of which constitutes (i) a Default or (ii) a material default by the Borrower or any of the Borrower’s its Subsidiaries under any other material indenture, agreement, or other instrument, or any judgment, decree, or order to which the Borrower or any of the Borrower’s its Subsidiaries is a party or by which the Borrower or Borrower, any of the Borrower’s its Subsidiaries or any of their respective properties may be bound.