Common use of Compliance with Laws and Agreements; Licenses and Permits Clause in Contracts

Compliance with Laws and Agreements; Licenses and Permits. (a) Each Loan Party and each Restricted Subsidiary is in compliance with allRequirements of Law applicable to it or its property and all indentures, agreements and other instrumentsbinding upon it or its property, except where the failure to do so, individually or in the aggregate, wouldnot reasonably be expected to result in a Material Adverse Effect. (b) Each Loan Party and the Restricted Subsidiaries have obtained and hold in fullforce and effect, all franchises, licenses, leases, permits, certificates, authorizations, qualifications,easements, rights of way and other rights and approvals which are necessary or advisable for theoperation of their businesses as presently conducted and as proposed to be conducted, except where thefailure to have so obtained or hold or to be in force, individually or in the aggregate, would notreasonably be expected to result in a Material Adverse Effect. No Loan Party or any of the RestrictedSubsidiaries is in violation of the terms of any such franchise, license, lease, permit, certificate,authorization, qualification, easement, right of way, right or approval, except where any such violation,individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Incremental Facility Amendment to Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc)

AutoNDA by SimpleDocs

Compliance with Laws and Agreements; Licenses and Permits. (a) Each Loan Party and each Restricted Subsidiary is in compliance with allRequirements all Requirements of Law applicable to it or its property and all indentures, agreements and other instrumentsbinding instruments binding upon it or its property, except except, in each case, where the failure to do so, individually or in the aggregate, wouldnot would not reasonably be expected to result in a Material Adverse Effect. (b) Each Loan Party and the Restricted its Subsidiaries have has obtained and hold holds in fullforce full force and effect, all franchises, licenses, leases, permits, certificates, authorizations, qualifications,, easements, rights of way and other rights and approvals which are necessary or advisable for theoperation the operation of their its businesses as presently conducted and as proposed to be conducted, except where thefailure the failure to have so obtained or hold or to be in force, individually or in the aggregate, would notreasonably not reasonably be expected to result in a Material Adverse Effect. No Loan Party or any of the RestrictedSubsidiaries its Subsidiaries is in violation of the terms of any such franchise, license, lease, permit, certificate,, authorization, qualification, easement, right of way, right or approval, except where any such violation,, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. (c) Since the date of this Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in a Material Adverse Effect.

Appears in 3 contracts

Samples: Abl Credit Agreement (TMS International Corp.), Abl Credit Agreement (TMS International Corp.), Abl Credit Agreement (Tube City IMS CORP)

AutoNDA by SimpleDocs

Compliance with Laws and Agreements; Licenses and Permits. (a) Each Other than the Disclosed Compliance Matters, each Loan Party and each Restricted Subsidiary is in compliance with allRequirements all Requirements of Law applicable to it or its property and all indentures, agreements and other instrumentsbinding instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, wouldnot would not reasonably be expected to result in a Material Adverse Effect. (b) Each Loan Party and the Restricted Subsidiaries have obtained and hold in fullforce full force and effect, all franchises, licenses, leases, permits, certificates, authorizations, qualifications,, easements, rights of way and other rights and approvals which are necessary or advisable for theoperation the operation of their businesses as presently conducted and as proposed to be conducted, except where thefailure the failure to have so obtained or hold or to be in force, individually or in the aggregate, would notreasonably not reasonably be expected to result in a Material Adverse Effect. No Loan Party or any of the RestrictedSubsidiaries Restricted Subsidiaries is in violation of the terms of any such franchise, license, lease, permit, certificate,, authorization, qualification, easement, right of way, right or approval, except where any such violation,, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Forbearance Agreement and Third Amendment to Credit Agreement (Hawker Beechcraft Notes Co), Credit Agreement (Hawker Beechcraft Quality Support Co)

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