Continued Compliance with Applicable Law. Borrower shall conduct its business in a lawful manner and in material compliance with all applicable federal, state, and local laws, ordinances, rules, regulations, and orders; shall maintain in good standing all licenses and organizational or other qualifications reasonably necessary to its business and existence; and shall not engage in any business not authorized by and not in accordance with its Organizational Documents and other governing documents.
Appears in 11 contracts
Samples: Loan and Security Agreement (Pro Dex Inc), Loan and Security Agreement (Point.360), Loan Agreement (inContact, Inc.)
Continued Compliance with Applicable Law. Borrower Borrowers shall conduct its their business in a lawful manner and in material compliance with all applicable federal, state, and local laws, ordinances, rules, regulations, and orders; shall maintain in good standing all licenses and organizational or other qualifications reasonably necessary to its business and existence; and shall not engage in any business not authorized by and not in accordance with its Organizational Documents and other governing documents.
Appears in 2 contracts
Samples: Loan Agreement (Black Diamond, Inc.), Loan Agreement (Clarus Corp)
Continued Compliance with Applicable Law. Each Borrower shall conduct its business in a lawful manner and in material compliance with all applicable federal, state, and local laws, ordinances, rules, regulations, and orders; shall maintain in good standing all licenses and organizational or other qualifications reasonably necessary to its business and existence; and shall not engage in any business not authorized by and not in accordance with its Organizational Documents and other governing documents.
Appears in 2 contracts
Samples: Loan Agreement (Merit Medical Systems Inc), Loan Agreement (Merit Medical Systems Inc)
Continued Compliance with Applicable Law. Borrower shall conduct its business in a lawful manner and in material compliance with all applicable federal, state, and local laws, ordinances, rules, regulations, and orders; shall maintain in good standing all material licenses and organizational or other qualifications reasonably necessary to its business and existence; , and shall not engage in any business not authorized by and not in accordance with its Organizational Documents and other governing documents.
Appears in 1 contract
Samples: Loan Agreement (Lifevantage Corp)
Continued Compliance with Applicable Law. Borrower shall conduct its business in a lawful manner and in material compliance with all applicable federal, state, and local laws, ordinances, rules, regulations, and orders; shall maintain in good standing all licenses and organizational or other qualifications reasonably necessary to its business and existence; and shall not engage in any business not authorized by and not in accordance with any of its Organizational Documents and organizational or other governing documents.
Appears in 1 contract
Samples: Loan and Security Agreement (Allied Healthcare Products Inc)
Continued Compliance with Applicable Law. Borrower shall conduct its business in a lawful manner and in material compliance with all applicable federal, state, and local laws, ordinances, rules, regulations, and orders; shall maintain in good standing all licenses and organizational or other qualifications reasonably necessary to its business and existence; and shall not engage in any business not authorized by and not in accordance with its Organizational Documents and other governing documents, except, in each case, where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.
Appears in 1 contract
