Common use of Legal Restraints Clause in Contracts

Legal Restraints. The execution of this Guaranty by each Guarantor, and the performance by such Guarantor of its obligations under this Guaranty, will not violate or constitute a default under the Charter Documents of such Guarantor, any Material Agreement, or any Material Law, and will not, except as expressly contemplated or permitted in this Guaranty, result in any Security Interest being imposed on any of such Guarantor's property.

Legal Restraints. The execution of this Guaranty by each Guarantor, and the performance by such Guarantor of its obligations under this Guaranty, will not violate or constitute a default under the Charter Organization Documents of such Guarantor, any Material Agreementmaterial agreement, or any Material Lawmaterial law, and will not, except as expressly contemplated or permitted in this Guaranty, result in any Security Interest security interest being imposed on any of such Guarantor's ’s property.