Common use of Compliance with Laws and Other Requirements Clause in Contracts

Compliance with Laws and Other Requirements. (a) The Company shall comply, and cause each Subsidiary to comply, with the requirements of all applicable Laws and orders of any Governmental Authority, noncompliance with which might Materially adversely affect the business or financial condition of the Company and its Subsidiaries, taken as a whole. (b) The Company shall comply, and cause each Subsidiary (to the extent they are so engaged) to comply, with all Material applicable Laws and other requirements relating to the development of each of its projects and the sale of units therein, and shall obtain, and cause each Subsidiary (to the extent they are so engaged) to obtain, all necessary Material authorizations, consents, approvals, licenses and permits of any Governmental Authority with respect thereto.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/)

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Compliance with Laws and Other Requirements. (a) The Company shall comply, and cause each Subsidiary to comply, with the requirements all Requirements of all applicable Laws Law and orders of any Governmental Authority, noncompliance with which might Materially adversely affect the business or financial condition of the Company and its Subsidiaries, taken as a whole. (b) The Company shall comply, and cause each Subsidiary (to the extent they are so engaged) to comply, with all Material applicable Laws and other requirements Requirements of Law relating to the development development, management and operation of each of its projects and the sale of units thereinreal estate assets, and shall obtain, and cause each Subsidiary (to the extent they are so engaged) to obtain, all necessary Material authorizations, consents, approvals, licenses and permits of any Governmental Authority with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Pan Pacific Retail Properties Inc), Credit Agreement (Pan Pacific Retail Properties Inc)

Compliance with Laws and Other Requirements. (a) The Company Borrower shall comply, and shall cause each Subsidiary to comply, with the requirements of all applicable Laws laws and the orders of any Governmental Authority, noncompliance with which might Materially adversely affect the business or financial condition of the Company and its Subsidiaries, taken as would reasonably be expected to have a wholeMaterial Adverse Effect. (b) The Company Borrower shall comply, and shall cause each Subsidiary (to the extent they are so engaged) to comply, with all Material applicable Laws laws and other requirements relating to the development of each of its projects and the sale of units thereinUnits therein (where the failure to so comply could reasonably be expected to have a Material Adverse Effect), and shall obtain, and cause each Subsidiary (to the extent they are so engaged) to obtain, all necessary Material authorizations, consents, approvals, licenses and permits of any Governmental Authority governmental authority with respect theretothereto (except where failure to so obtain could not reasonably be expected to have a Material Adverse Effect).

Appears in 2 contracts

Samples: Credit Agreement (Standard Pacific Corp /De/), Credit Agreement (Standard Pacific Corp /De/)

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Compliance with Laws and Other Requirements. (a) The Company shall comply, and cause each Subsidiary to comply, with the requirements of all applicable Laws and orders of any Governmental Authority, noncompliance with which might Materially adversely affect the business or financial condition of the Company and its Subsidiaries, taken as a wholeor any Subsidiary. (b) The Company shall comply, and cause each Subsidiary (to the extent they are so engaged) to comply, with all Material applicable Laws and other requirements relating to the development of each of its projects and the sale of units therein, and shall obtain, and cause each Subsidiary (to the extent they are so engaged) to obtain, all necessary Material authorizations, consents, approvals, licenses and permits of any Governmental Authority with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

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