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

Compliance with Law and Agreements; Maintenance of Licenses. The Borrower shall comply, and shall cause each 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 and all Environmental Laws). Each Credit Party shall obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Closing Date. The Borrower shall not permit any Credit Party to, modify, amend or alter its certificate or articles of incorporation, or its limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

Appears in 1 contract

Samples: Credit Agreement (Spherion Corp)

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Compliance with Law and Agreements; Maintenance of Licenses. The Each Borrower shall comply, and shall cause each Domestic 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 and all Environmental Laws). Each Credit Party Borrower shall obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property Property and to conduct its business as conducted on the First Amendment Closing Date. The No Borrower shall not permit any Credit Party to, modify, amend or alter its certificate or articles of incorporation, or its limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Compliance with Law and Agreements; Maintenance of Licenses. The Each Borrower shall comply, and shall cause each Domestic 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 and all Environmental Laws). Each Credit Party Borrower shall obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Closing Date. The No Borrower shall not permit any Credit Party to, modify, amend or alter its certificate or articles of incorporation, or its limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Compliance with Law and Agreements; Maintenance of Licenses. The Borrower Each of the Parent and its Subsidiaries shall comply, and shall cause each Subsidiary to comply, 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 and all Environmental Laws). Each Credit Party of the Parent and its Subsidiaries shall obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Closing DateDate and as otherwise permitted hereby. The Borrower No Loan Party shall not permit any Credit Party to, modify, amend or alter its certificate or articles of incorporation, or its limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

Appears in 1 contract

Samples: Credit Agreement (Gundle SLT Environmental Inc)

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Compliance with Law and Agreements; Maintenance of Licenses. The Each Borrower shall comply, and shall cause each Domestic 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 and all Environmental Laws). Each Credit Party Borrower shall obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property Property and to conduct its business as conducted on the Closing Date. The No Borrower shall not permit any Credit Party to, modify, amend or alter its certificate or articles of incorporation, or its limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not adversely affect the rights of the Lenders or the Agent.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Compliance with Law and Agreements; Maintenance of Licenses. The Borrower Each Credit Party shall comply, and shall cause each Subsidiary to comply, 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 and all Environmental Laws). Each Credit Party shall obtain and maintain all licenses, permits, franchises, and governmental authorizations necessary to own its property and to conduct its business as conducted on the Closing Date. The Borrower shall not permit any No Credit Party to, shall modify, amend or alter its certificate or articles of incorporation, or its limited liability company operating agreement or limited partnership agreement, as applicable, other than in a manner which does not adversely affect the rights of the Lenders or the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Kforce Com Inc)

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