Common use of Compliance with Law and Other Agreements Clause in Contracts

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 5 contracts

Samples: Loan Agreement (Online Resources & Communications Corp), Loan and Security Agreement (Ipayment Inc), Loan Agreement (Harolds Stores Inc)

AutoNDA by SimpleDocs

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business business, operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 4 contracts

Samples: Loan Agreement (Dynagen Inc), Loan Agreement (Data National Corp), Credit Agreement (Dynagen Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's ’s operations, properties, financial condition or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 3 contracts

Samples: Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business business, operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 2 contracts

Samples: Loan Agreement (Factory Card Outlet Corp), Loan Agreement (Tanners Restaurant Group Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect such Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, such Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which such Borrower is a party or by which such Borrower or any of its properties is bound. Without limiting the foregoing, such Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 1 contract

Samples: Senior Convertible Loan and Security Agreement (I Link Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all material agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 1 contract

Samples: Loan Agreement (Merge Technologies Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof, except to the extent that Borrower is contesting any such indebtedness in good faith.

Appears in 1 contract

Samples: Loan Agreement (Network Event Theater Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof, except for indebtedness with respect to which a good faith dispute exists.

Appears in 1 contract

Samples: Loan Agreement (American Consolidated Laboratories Inc)

AutoNDA by SimpleDocs

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 1 contract

Samples: Loan Agreement (Horizon Medical Products Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, Borrower shall maintain its business business, operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, . and (bii) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, . Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 1 contract

Samples: Loan Agreement (Factory Card Outlet Corp)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under this Agreement and the Loan DocumentsNote, Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (I Link Inc)

Compliance with Law and Other Agreements. Except where the failure to do so would not materially adversely affect a Borrower's operations, properties, financial condition operations or its ability to fulfill its obligations under the Loan Documents, each Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (ai) all applicable federal, state and local laws, regulations and ordinances governing such business operations and the use and ownership of such property, and (bii) all agreements, licenses, franchises, indentures and mortgages to which each Borrower is a party or by which each Borrower or any of its properties is bound. Without limiting the foregoing, each Borrower shall pay all of its indebtedness promptly in accordance with the terms thereof.

Appears in 1 contract

Samples: Loan Agreement (Compass Plastics & Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!