Common use of Compliance with Laws; No Default Clause in Contracts

Compliance with Laws; No Default. Each of the Borrower and the Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereunder.

Appears in 7 contracts

Samples: Day Revolving Credit Agreement (Marathon Petroleum Corp), Year Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp)

AutoNDA by SimpleDocs

Compliance with Laws; No Default. Each of the Borrower and the its Significant Subsidiaries is in compliance with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereundercontinuing.

Appears in 4 contracts

Samples: Third Amendment Agreement (Netflix Inc), Second Amendment Agreement (Netflix Inc), First Amendment Agreement (Netflix Inc)

Compliance with Laws; No Default. Each of the The Borrower and the each of its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not could not, to the best of Borrower’s knowledge, reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereundercontinuing.

Appears in 3 contracts

Samples: Credit Agreement (Enterprise GP Holdings L.P.), Credit Agreement (Enterprise GP Holdings L.P.), Credit Agreement (Enterprise GP Holdings L.P.)

Compliance with Laws; No Default. Each of the The Borrower and the each of its Subsidiaries is are in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its propertyproperty (including ERISA and Environmental Laws), except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (MPLX Lp)

Compliance with Laws; No Default. Each of the Borrower and the its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Marathon Petroleum Corp), Assignment and Assumption (Marathon Petroleum Corp)

Compliance with Laws; No Default. Each of the The Borrower and the each of its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not could not, to the best of Borrower's knowledge, reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereundercontinuing.

Appears in 1 contract

Samples: Credit Agreement (Enterprise GP Holdings L.P.)

AutoNDA by SimpleDocs

Compliance with Laws; No Default. (a) Each of the Borrower and the Restricted Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Omega Acquisition, Inc.)

Compliance with Laws; No Default. Each of the Borrower and the its Restricted Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, property except where the failure to do so, individually or in the aggregate, would could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result continuing, including for the avoidance of doubt, a Default arising from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereunderBorrower’s failure to be in compliance with Section 7.04(b).

Appears in 1 contract

Samples: Assignment and Assumption (Pioneer Southwest Energy Partners L.P.)

Compliance with Laws; No Default. Each (a)Each of the Borrower and the Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing or will result from the execution and delivery of this Agreement or any of the other Loan Documents, or the making of the Loans hereunder.

Appears in 1 contract

Samples: Assignment and Assumption (Marathon Petroleum Corp)

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