Common use of Compliance with Laws and Maintenance of Permits Clause in Contracts

Compliance with Laws and Maintenance of Permits. Borrower and each of its Subsidiaries have obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would have a Material Adverse Effect. Borrower and each of its Subsidiaries are in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cobra Electronics Corp), Loan and Security Agreement (Cobra Electronics Corp)

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Compliance with Laws and Maintenance of Permits. Borrower and each of its Subsidiaries have has obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would have a Material Adverse Effect. Borrower and each of its Subsidiaries are is in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Medical Products Inc)

Compliance with Laws and Maintenance of Permits. Each Borrower and each of its Subsidiaries have has obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would be reasonably likely to have a Material Adverse Effect. Each Borrower (and each of its Subsidiaries are Subsidiaries) is in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Am Communications Inc)

Compliance with Laws and Maintenance of Permits. Borrower and each of its Subsidiaries The Borrowers have obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permitspermits necessary for the operation of the Borrowers’ businesses, the lack of which would have a Material Adverse Effect. Borrower and each of its Subsidiaries The Borrowers are in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (WESTMORELAND COAL Co)

Compliance with Laws and Maintenance of Permits. Borrower and each of its Subsidiaries have Subsidiary has obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would have a Material Adverse EffectEffect on Borrower. Borrower and each of its Subsidiaries are Subsidiary is in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would have a Material Adverse EffectEffect on Borrower or such Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Delphax Technologies Inc)

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Compliance with Laws and Maintenance of Permits. Borrower and each of its Subsidiaries have obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would reasonably be likely to have a Material Adverse EffectEffect on any such Person. Each of Borrower and each of its Subsidiaries are is in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would reasonably be likely to have a Material Adverse EffectEffect on such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Emcore Corp)

Compliance with Laws and Maintenance of Permits. Each Borrower and each of its Subsidiaries have Subsidiary has obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would have a Material Adverse Effect. Each Borrower and each of its Subsidiaries are Subsidiary is in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Numatics Inc)

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