Common use of Compliance with Law and Agreements; Maintenance of Licenses Clause in Contracts

Compliance with Law and Agreements; Maintenance of Licenses. Holdings shall comply, and shall cause each of its Subsidiaries to comply, with all Requirements of Law of any Governmental Authority having jurisdiction over it or its business (including the Federal Fair Labor Standards Act, all Anti-Terrorism Laws and all Environmental Laws), except where noncompliance would not reasonably be expected to have a Material Adverse Effect. Holdings shall, and shall cause each of its Subsidiaries to, obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Agreement Date, except where the failure to so obtain and maintain such licenses, permits, franchises, and governmental authorizations would not reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries shall modify, amend or alter any of its Charter Documents, other than in a manner which does not in any respect adversely affect the rights of the Lenders or the Agent.

Appears in 2 contracts

Samples: Credit Agreement (United Rentals Inc /De), Credit Agreement (United Rentals North America Inc)

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Compliance with Law and Agreements; Maintenance of Licenses. Holdings Each of the Borrowers shall comply, and shall cause each of its Subsidiaries Subsidiary to comply, in all respects with all Requirements of Law of any Governmental Authority having jurisdiction over it or its business (including the Federal Fair Labor Standards Act, all Anti-Terrorism Laws Act and all Environmental Laws), except ) where noncompliance would not failure to so comply could reasonably be expected to have a Material Adverse Effect. Holdings Each of the Borrowers shall, and shall cause each of its Subsidiaries to, obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Agreement Date, except Closing Date where the failure to so obtain and maintain such licenses, permits, franchises, franchises and other governmental authorizations would not could reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries The Borrowers shall not modify, amend or alter any their certificates or articles of its Charter Documentsincorporation, or their limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not in any respect adversely affect the rights of the Lenders or the AgentLender.

Appears in 1 contract

Samples: Credit Agreement (Spacelabs Medical Inc)

Compliance with Law and Agreements; Maintenance of Licenses. Holdings Each Borrower shall comply, and shall cause each of its Subsidiaries Subsidiary to comply, comply with all Requirements of Law of any Governmental Authority having jurisdiction over it or its business (including the Bankruptcy Code, the Federal Fair Labor Standards Act, all Anti-Terrorism Environmental Laws and all Environmental Lawsthe Sarbanes-Oxley Act), except where noncompliance would the failure to do so could not reasonably be xxxxxxxxxx xe expected to have a Material Adverse Effect. Holdings Each Borrower shall, and shall cause each of its Subsidiaries to, obtain and maintain all licenses, permits, franchises, franchises and governmental authorizations necessary to own its property and to conduct its business as conducted on the Agreement Closing Date, except where the failure to do so obtain and maintain such licenses, permits, franchises, and governmental authorizations would could not reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries No Borrower shall modify, amend or alter any its certificate or articles of incorporation, or its Charter Documentslimited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not in any respect adversely affect the rights of the Lenders or the Administrative Agent.

Appears in 1 contract

Samples: Post Petition Credit Agreement (Cone Mills Corp)

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Compliance with Law and Agreements; Maintenance of Licenses. Holdings The Borrower shall comply, and shall cause each of its Subsidiaries Subsidiary to comply, in all material respects with all Requirements of Law of any Governmental Authority having jurisdiction over it or its business (including the Federal Fair Labor Standards Act, all Anti-Terrorism Environmental Laws and all Environmental Lawslaws, rules and regulations of Pharmaceutical Regulatory Agencies), except where noncompliance would not reasonably be expected to have a Material Adverse Effect. Holdings The Borrower shall, and shall cause each of its Subsidiaries to, obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Agreement Date, Closing Date except where the failure to so obtain and maintain such licenses, permits, franchises, franchises and governmental authorizations would individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries The Borrower shall not modify, amend or alter any its certificate or articles of incorporation, or its Charter Documentslimited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not in any respect adversely affect the rights of the Lenders or the Agent.

Appears in 1 contract

Samples: Credit Agreement (MWI Veterinary Supply, Inc.)

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