Common use of Compliance with Legal and Other Obligations Clause in Contracts

Compliance with Legal and Other Obligations. Borrower shall (i) comply in all material respects with all Requirements of Law applicable to it or its Business, assets or operations, including applicable requirements which where promulgated pursuant to hospitality, and other timeshare regulatory Laws, (ii) pay all taxes, assessments, fees, governmental charges, claims for labor, supplies, rent and all other obligations or liabilities of any kind, except liabilities being contested in good faith and against which adequate reserves have been established and all Indebtedness under the Permitted Indebtedness, (iii) perform in accordance with its terms each contract, agreement or other arrangement to which it is a party or by which it or any of the Collateral is bound, except where the failure to comply, pay or perform could not reasonably be expected to result in a Material Adverse Change, and (iv) maintain and comply with all Permits necessary to conduct its business and comply in all material respects with any new or additional requirements that may be imposed on it or its business.

Compliance with Legal and Other Obligations. Borrower shall (i) comply in all material respects with all Requirements laws, statutes, rules, regulations, ordinances and tariffs of Law all Governmental Authorities applicable to it or its Businessbusiness, assets or operations, including applicable requirements of the Standards for Privacy of Individually Identifiable Health Information which where were promulgated pursuant to hospitality, and other timeshare regulatory Laws, HIPAA; (ii) pay all taxes, assessments, fees, governmental charges, claims for labor, supplies, rent and all other obligations or liabilities of any kind, except liabilities being contested in good faith and against which adequate reserves have been established and all Indebtedness under the Permitted Indebtednessin accordance with GAAP, (iii) perform in accordance with its terms each contract, agreement or other arrangement to which it is a party or by which it or any of the Collateral is bound, except where the failure to comply, pay or perform could not reasonably be expected to result in have a Material Adverse ChangeEffect, and (iv) maintain and comply with all Permits necessary to conduct its business and comply in all material respects with any new or additional requirements that may be imposed on it or its business.

Compliance with Legal and Other Obligations. Borrower shall (i) comply in all material respects with all Requirements laws, statutes, rules, regulations, ordinances and tariffs of Law all Governmental Authorities applicable to it or its Businessbusiness, assets or operations, including applicable requirements which except where promulgated pursuant the failure to hospitality, and other timeshare regulatory Laws, so comply would not reasonably be expected to have a Material Adverse Effect; (ii) pay all taxes, assessments, fees, governmental charges, claims for labor, supplies, rent and all other obligations or liabilities of any kind, except liabilities being contested in good faith and against which adequate reserves have been established and all Indebtedness under the Permitted Indebtednessin accordance with GAAP, (iii) perform in accordance with its terms each contract, agreement or other arrangement to which it is a party or by which it or any of the Collateral is bound, except where the failure to comply, pay or perform could not reasonably be expected to result in have a Material Adverse ChangeEffect, and (iv) maintain and comply with all Permits necessary to conduct its business and comply in all material respects with any new or additional requirements that may be imposed on it or its business.