Common use of Compliance with Law Generally Clause in Contracts

Compliance with Law Generally. Be in violation in any material respect of any law, ordinance, governmental rules or regulations to which Borrower is subject and which is material to its business, or fail to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of the properties of Borrower or to the conduct of its business, which violation or failure to obtain might materially adversely affect the business, prospects, profits, properties or condition (financial or otherwise) of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)

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Compliance with Law Generally. Be in violation in any material respect of any law, ordinance, governmental rules or regulations to which Borrower is subject and which is material to its businesssubject, or fail to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of the properties of Borrower or to the conduct of its business, which violation or failure to obtain might materially adversely affect the business, prospects, profits, properties or condition (financial or otherwise) of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (310 Holdings, Inc.), Revolving Line of Credit Note (Abr Information Services Inc)

Compliance with Law Generally. Be in violation in any material respect of any law, ordinance, governmental rules or regulations to which Borrower is subject and which is material to its businesssubject, or fail to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of the properties of Borrower or to the conduct of its businessbusinesses, which violation or failure to obtain might reasonably be expected to materially adversely affect the business, prospectsproperties, profitsresults of operation, properties or condition (financial or otherwise) of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Sterile Recoveries Inc)

Compliance with Law Generally. Be in violation in any material respect of any law, ordinance, governmental rules or regulations to which Borrower Group or any Subsidiary thereof, is subject and which is material to its businesssubject, or fail to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of the properties of Borrower Group or to the conduct of its businesstheir businesses, which violation or failure to obtain might materially adversely affect the business, prospects, profits, properties or condition (financial or otherwise) of BorrowerBorrower Group.

Appears in 1 contract

Samples: Loan Agreement (Insurance Management Solutions Group Inc)

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Compliance with Law Generally. Be in violation in any material respect of any law, ordinance, governmental rules or regulations to which any Borrower is subject and which is material to its business, or fail to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of the properties of any Borrower or to the conduct of its business, which violation or failure to obtain might materially adversely affect the business, prospects, profits, properties or condition (financial or otherwise) of any Borrower.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

Compliance with Law Generally. Be in In violation in any material respect of any law, ordinance, governmental rules or regulations to which Borrower is subject and which is material to its business, or fail to obtain any licenses, permits, . franchises or other governmental authorizations necessary to the ownership of the properties of Borrower or to the conduct of its business, which violation or failure to obtain might materially adversely affect the business, . prospects, . profits, . properties or condition (financial or otherwise) of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Generation Income Properties, Inc.)

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