Common use of Compliance with Legal Requirements and Agreements Clause in Contracts

Compliance with Legal Requirements and Agreements. Borrower shall: (a) comply with all laws, rules, regulations and orders applicable to Borrower or its business; and (b) all agreements, indentures, mortgages, and other instruments to which it is a party or by which it or any of its property is bound; provided, however, that the failure of Borrower to comply with this sentence in any instance not directly involving Agent or a Syndication Party shall not constitute an Event of Default unless such failure would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Ecoscience Corp/De), Credit Agreement (Ecoscience Corp/De), Credit Agreement (Ecoscience Corp/De)

AutoNDA by SimpleDocs

Compliance with Legal Requirements and Agreements. Borrower shall: (a) comply with all laws, rules, regulations and orders applicable to Borrower or its business; and (b) comply with all agreements, indentures, mortgages, and other instruments to which it is a party or by which it or any of its property is bound; provided, however, that the failure of Borrower to comply with this sentence in any instance not directly involving Agent or a Syndication Party CoBank shall not constitute an Event of Default unless such failure would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Gold Kist Inc), Master Loan Agreement (Alliance Farms Cooperative Association)

Compliance with Legal Requirements and Agreements. Borrower shall: (a) comply with all laws, rules, regulations and orders applicable to Borrower or its business; and (b) all agreements, indentures, mortgages, and other instruments to which it is a party or by which it or any of its property is bound; provided, however, that the failure of Borrower to comply with this sentence in any instance not directly involving Agent or a Syndication Party shall not constitute an Event of Default unless such failure would have a Material Adverse Effect.

Appears in 1 contract

Samples: Reimbursement Agreement (Renewable Energy Group, Inc.)

Compliance with Legal Requirements and Agreements. Borrower shallshall comply with: (a) comply with all laws, rules, regulations and orders applicable to Borrower or its business; and (b) all agreements, indentures, mortgages, and other instruments to which it is a party or by which it or any of its property is bound; provided, however, that where the failure of Borrower to so comply with this sentence in any instance not directly involving Agent or a Syndication Party shall not constitute an Event of Default unless such failure would could have a Material Adverse EffectEffect on Borrower.

Appears in 1 contract

Samples: Loan Agreement (Ecoscience Corp/De)

Compliance with Legal Requirements and Agreements. Each Borrower shallshall comply with: (a) comply with all laws, rules, regulations and orders applicable to such Borrower or its businesstheir respective businesses; and (b) all agreements, indentures, mortgages, and other instruments to which it such Borrower is a party or by which it such Borrower or any of its their respective property is bound; provided, however, that the failure of any Borrower to comply with this sentence Section in any instance not directly involving Agent or a Syndication Party shall not constitute an Event of Default be a default hereunder unless such failure would have result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Edwards J D & Co)

AutoNDA by SimpleDocs

Compliance with Legal Requirements and Agreements. Borrower shall: (a) comply with all laws, rules, regulations and orders applicable to Borrower or its business; and (b) comply with all agreements, indentures, mortgages, and other instruments to which it is a party or by which it or any of its property is bound; provided, however, that the failure of Borrower to comply with this sentence in any instance not directly involving Agent or a Syndication Party Lender shall not constitute an Event of Default unless such failure would could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Gaiam Inc)

Compliance with Legal Requirements and Agreements. Borrower shall: (a) comply with all laws, rules, regulations and orders applicable to Borrower or its business; and (b) comply with all agreements, indentures, mortgages, and other instruments to which it is a party or by which it or any of its property is bound; provided, however, that the failure of Borrower to comply with this sentence in any instance not directly involving Agent or a Syndication Party shall not constitute an Event of Default unless such failure would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement and Security Agreement (U. S. Premium Beef, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.