Common use of Material Contracts; Burdensome Restrictions Clause in Contracts

Material Contracts; Burdensome Restrictions. The material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, each Subsidiary of any Loan Party which is not itself a Loan Party, including all employee benefit plans and Multiemployer Plans are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default by such Loan Party or such Subsidiary thereunder, or, to the Loan Parties' knowledge, parties other than such Loan Party or such Subsidiary, as applicable. None of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which would reasonably be expected to result in a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Sun Hydraulics Corp), Credit Agreement (Sun Hydraulics Corp)

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Material Contracts; Burdensome Restrictions. The material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, each Subsidiary of any Loan Party which is not itself a Loan Party, including all employee benefit plans and plans, Multiemployer Plans and Labor Contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default by such Loan Party or such Subsidiary thereunder, or, to the Loan Parties' knowledge, with respect to parties other than such Loan Party or such Subsidiary, as applicable. None of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which would reasonably be expected to could result in a Material Adverse Change.

Appears in 2 contracts

Samples: Continuing Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)

Material Contracts; Burdensome Restrictions. The All material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, and each Subsidiary of any Loan Party which is not itself a Loan Party, including all employee benefit plans and Multiemployer Plans Labor Contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default by such Loan Party or such Subsidiary thereunder, or, to the Loan Parties' knowledge, with respect to parties other than such Loan Party or such Subsidiary. Except as disclosed in the Borrower's public filings with the SEC relating to transactions with Thermo Electron, as applicable. None none of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any 41 restriction in any organization document, or any requirement of Law which would reasonably be expected to result in cause or constitute a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

Material Contracts; Burdensome Restrictions. The All material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, and each Subsidiary of any Loan Party which is not itself a Loan Party, including all employee benefit plans and Multiemployer Plans Labor Contracts, are listed in the Borrower's filings with the Securities and Exchange Commission and are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default by such Loan Party or such Subsidiary thereunder, or, to the Loan Parties' knowledge, with respect to parties other than such Loan Party or such Subsidiary, as applicable. None of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which would reasonably be expected to could result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Corrpro Companies Inc /Oh/)

Material Contracts; Burdensome Restrictions. The material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, each Subsidiary of any Loan Party which is not itself a Loan Party, including all employee benefit plans and plans, Multiemployer Plans and Labor Contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto thereto, in accordance with their respective terms, and there is no default by such Loan Party or such Subsidiary thereunder, or, to the Loan Parties' knowledge, with respect to parties other than such Loan Party or such Subsidiary, as applicable. None of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which would reasonably be expected to could result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

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Material Contracts; Burdensome Restrictions. The All material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, and each Subsidiary of any each Loan Party which is not itself a Loan Party, including all employee benefit plans and Multiemployer Plans are valid, binding and enforceable upon such Loan Party or Subsidiary and and, to the Loan Parties' knowledge, each of the other parties thereto in accordance with their respective terms, and there . There is no default under such material contracts of the Loan Parties and their Subsidiaries by such any Loan Party or such any Subsidiary thereunderof any Loan Party, ornor, to the Loan Parties' knowledge, by parties thereto other than such any Loan Party or such Subsidiary, as applicableany Subsidiary of any Loan Party. None of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which would reasonably be expected to could result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Elgin National Industries Inc)

Material Contracts; Burdensome Restrictions. The material contracts relating to the business operations of each Loan Party and, to the Loan Parties' knowledge, each Subsidiary of any Loan Party which is not itself a Loan Party, including all employee benefit plans and Multiemployer Plans are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default by such Loan Party or such Subsidiary thereunder, or, to the Loan Parties' knowledge, parties other than such Loan Party or such Subsidiary, as applicable. None of the Loan Parties or their respective Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which would reasonably be expected to result in a Material Adverse Change.. 6.1.19

Appears in 1 contract

Samples: Credit Agreement (Sun Hydraulics Corp)

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