Common use of Legality, etc Clause in Contracts

Legality, etc. The making of the requested extension of credit shall not (a) subject the Lender to any penalty or special tax or (b) be prohibited by any law or governmental order or regulation applicable to the Lender.

Appears in 2 contracts

Samples: Credit Agreement (Altisource Portfolio Solutions S.A.), Demand Credit Agreement (Nextera Enterprises Inc)

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Legality, etc. The making of the requested extension of credit shall not (a) subject the any Lender to any penalty or special tax or (other than a Tax for which the Borrower is required to reimburse the Lenders under Section 3.5.2, (b) be prohibited by any law Legal Requirement or (c) violate any credit restraint program of the executive branch of the government of the United States of America, the Board of Governors of the Federal Reserve System or any other governmental order or regulation applicable to the Lenderadministrative agency so long as any Lender reasonably believes that compliance is required by law.

Appears in 2 contracts

Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath Inc)

Legality, etc. The making of the requested extension of credit shall not (a) subject the any Lender to any penalty or special tax or (other than a Tax for which the Borrower has reimbursed the Lenders under Section 3.5), (b) be prohibited by any law or governmental order or regulation applicable to any Lender or (c) violate any voluntary credit restraint program of the executive branch of the government of the United States of America, the Board of Governors of the Federal Reserve System or any other governmental or administrative agency so long as any Lender reasonably believes that compliance therewith is in the best interests of such Lender.

Appears in 2 contracts

Samples: Credit Agreement (American Financial Group Inc), Credit Agreement (American Financial Group Inc)

Legality, etc. The making of the requested extension of credit shall not (a) subject the any Lender to any penalty or special tax or (other than a Tax for which the Borrowers have reimbursed the Lenders under Section 3.4), (b) be prohibited by any law or governmental order or regulation applicable to any Lender or any Obligor or (c) violate any mandatory credit restraint program of the Lenderexecutive branch of the government of the United States of America, the Board of Governors of the Federal Reserve System or any other governmental or administrative agency.

Appears in 1 contract

Samples: Credit Agreement (Falcon Funding Corp)

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Legality, etc. The making of the requested extension of credit shall not (a) subject the any Lender to any penalty or special tax or (other than a Tax for which the Company is required to reimburse the Lenders under Section 3.5), (b) be prohibited by any law Legal Requirement or (c) violate any credit restraint program of the executive branch of the government of the United States of America, the Board of Governors of the Federal Reserve System or any other governmental order or regulation applicable to the Lenderadministrative agency so long as any Lender reasonably believes that compliance therewith is customary commercial practice.

Appears in 1 contract

Samples: Credit Agreement (Nextera Enterprises Inc)

Legality, etc. The making of the requested extension of credit shall not (a) subject the any Lender to any penalty or special tax or (other than a Tax for which the Company has reimbursed the Lenders under Section 3.6), (b) be prohibited by any law or governmental order or regulation applicable to any Lender or (c) violate any voluntary credit restraint program of the executive branch of the government of the United States of America, the Board of Governors of the Federal Reserve System or any other governmental or administrative agency so long as any Lender reasonably believes that compliance therewith is in the best interests of such Lender.

Appears in 1 contract

Samples: Agreement (American Financial Corp)

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