Compliance with Laws; Actions. Neither the execution and delivery by the Borrower of this Loan Agreement or any instruments required thereby, nor compliance with the terms and provisions of any such documents by the lender, constitutes a violation of any provision of any law or any regulation, order, writ, injunction or decree or any court or governmental instrumentality, or an event of default under any agreement, to which the Borrower is a party of which the Borrower is bound or to which the Borrower is subject, which violation or event of default would have a material adverse effect on the Borrower. There is no action or proceeding pending or threatened against either the ESOP or the Borrower before any court or administrative agency. ARTICLE IV ---------- REPRESENTATIONS AND WARRANTIES OF THE LENDER -------------------------------------------- The Lender hereby represents and warrants to the Borrower as follows:
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Samples: Loan Agreement (Security Financial Bancorp Inc), Loan Agreement (Security Financial Bancorp Inc), Loan Agreement (Dutchfork Bancshares Inc)
Compliance with Laws; Actions. Neither the execution and delivery by the Borrower of this Loan Agreement or any instruments required thereby, nor compliance with the terms and provisions of any such documents by the lender, constitutes a violation of any provision of any law or any regulation, order, writ, injunction or decree or any court or governmental instrumentality, or an any event of default under any agreement, to which the Borrower is a party of which the Borrower is bound or to which the Borrower is subject, which violation or event of default would have a material adverse effect on the Borrower. There is no action or proceeding pending or threatened against either the ESOP or the Borrower before any court or administrative agency. ARTICLE IV ---------- REPRESENTATIONS AND WARRANTIES OF THE LENDER -------------------------------------------- The Lender hereby represents and warrants to the Borrower as follows:
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