Common use of Legal Restraints Clause in Contracts

Legal Restraints. The execution of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property. The performance by any Covered Person of its obligations under any Loan Document to which it is a party will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property.

Legal Restraints. The execution of any Loan Document by a Covered Person Borrower will not violate or constitute a default under the Charter Documents of such Covered PersonBorrower, any Material Agreement of such Covered PersonBorrower, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest Lien being imposed on any of such Covered PersonBorrower's property. The performance by any Covered Person Borrower of its obligations under any Loan Document to which it is a party will not violate or constitute a default under the Charter Documents of such Covered PersonBorrower, any Material Agreement of such Covered PersonBorrower, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest Lien being imposed on any of such Covered PersonBorrower's property.

Legal Restraints. The execution of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this AgreementAgreement or any other Loan Document, result in any Security Interest being imposed on any of such Covered Person's property. The performance by any Covered Person of its obligations under any Loan Document to which it is a party will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this AgreementAgreement or any other Loan Document, result in any Security Interest being imposed on any of such Covered Person's property.

Legal Restraints. The execution of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest Lien being imposed on any of such Covered Person's property. The performance by any Covered Person of its obligations under any Loan Document to which it is a party will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest Lien being imposed on any of such Covered Person's property.