Common use of Legality Clause in Contracts

Legality. The making of the initial Loans shall not contravene any law, rule or regulation applicable to any Secured Party.

Appears in 52 contracts

Sources: Term Loan Credit Agreement (Synergy CHC Corp.), Financing Agreement (Accuray Inc), Financing Agreement (Digital Turbine, Inc.)

Legality. The making of the initial Loans shall not contravene any law, rule or regulation applicable to any Secured PartyLender.

Appears in 14 contracts

Sources: Credit Agreement (Boxlight Corp), Financing Agreement (Xponential Fitness, Inc.), Credit Agreement (Boxlight Corp)

Legality. The making of the initial Loans Loan shall not contravene any law, rule or regulation applicable to any Secured Party.

Appears in 3 contracts

Sources: Financing Agreement (Remark Holdings, Inc.), Financing Agreement (Remark Holdings, Inc.), Financing Agreement (Remark Media, Inc.)

Legality. The making of the initial Loans shall not contravene any law, rule or regulation that is material and applicable to any Secured PartyParty in connection with the making of such Loans, provided that the applicable Secured Party shall use commercially reasonable efforts to cooperate with the Borrowers to permit the funding of the Loans in a lawful manner and shall notify the Administrative Borrower promptly upon becoming aware of any such legal impediment.

Appears in 2 contracts

Sources: Financing Agreement (FiscalNote Holdings, Inc.), Financing Agreement (FiscalNote Holdings, Inc.)

Legality. The making of the initial Loans shall not contravene any law, rule or regulation applicable to any Secured Party., including without limitation Regulation T, U or X.

Appears in 1 contract

Sources: Financing Agreement (Cherokee Inc)