Compliance with Law and Contractual Obligations. The Joint Obligors shall comply and shall make all of their subsidiaries comply with applicable law, regulations, executive orders, judgments or requirements of any applicable Governmental Authority (including, in licenses, certificates, permits, notices, registries, and other governmental authorizations of any nature, needed in order to maintain the property or possession of his assets or the performance of his activities, competition law, environmental law (including technical norm and disposal of toxic and hazardous materials, environmental regulations related with the preservation, restore and improvement of the environment, protection of natural areas, wild and aquatic flora and fauna, sustainable use of natural elements, precision and control of air, water and soil contamination, as well as all other set forth in the Mexican Environmental equilibrium and protection law, as applicable, as well as make sure that the design, operation and maintenance of the equipments and any of their parts comply with the requisite set forth in the applicable environmental regulations, federal, state or local), tax laws and laws regarding the social security administration and pension funds) as well as all its relevant or necessary obligations arising from any agreement, contract, issued security relevant or necessary to maintain the ordinary course of business, and which lack of compliance, shall not result or reasonably be expected to result in a Material Adverse Change.
Appears in 3 contracts
Samples: Revolving Credit Line Agreement, Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)
Compliance with Law and Contractual Obligations. The Joint Obligors shall comply and shall make all of their subsidiaries comply with applicable law, regulations, executive orders, judgments or requirements of any applicable Governmental Authority (including, in licenses, certificates, permits, notices, registries, and other governmental authorizations of any nature, needed in order to maintain the property or possession of his assets or the performance of his activities, competition law, environmental law laws and orders (including technical norm and disposal of toxic and hazardous materials, environmental regulations ecological orders related with to the preservation, restore restoration, and improvement of the environment, the protection of natural areas, wild areas and terrestrial and aquatic flora and fauna, sustainable use the reasonable exploitation of natural elementsresources, the precision and control of air, water water, and soil contaminationpollution, as well as all the other set forth provisions provided in the Mexican Law of Ecological Balance and Environmental equilibrium and protection law, as Protection that may be applicable, as well as make sure ensuring that the design, operation operation, and maintenance of the equipments equipment and any of their parts its installations comply with the requisite set forth in requirements applicable to the applicable environmental regulationsenvironment, whether federal, state state, or local), local tax laws and laws regarding the social security administration and pension funds) as well as all its relevant or necessary obligations arising from any agreement, contractcontract or amendment that they have issued in order to fulfill its purposes, issued security relevant or necessary to maintain the ordinary course of business, and which lack of compliance, shall not result or reasonably be expected to result in a Material Adverse Change.
Appears in 1 contract
Samples: Revolving Credit Line Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)