Common use of No Change in Laws Clause in Contracts

No Change in Laws. the Facility Agent being satisfied that no change in any applicable laws, regulations, rules or in the interpretation thereof shall have occurred which make it unlawful for the Borrower to make any payment as required under the terms of this Agreement, the Note, the Security Documents or any of them; and

Appears in 2 contracts

Samples: Credit Agreement (Tidewater Inc), Credit Facility Agreement (Tidewater Inc)

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No Change in Laws. the The Facility Agent being satisfied that no change in any applicable laws, regulations, rules or in the interpretation thereof shall have occurred which make it unlawful for the Borrower any Security Party to make any payment as required under the terms of this Agreement, the Note, the Security Documents or any of them; and;

Appears in 1 contract

Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc)

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No Change in Laws. the Facility Agent being satisfied that no change in any applicable laws, regulations, rules or in the interpretation thereof shall have occurred which make it unlawful for the Borrower any Security Party to make any payment as required under the terms of this Agreement, the Note, the Security Transaction Documents or any of them; and

Appears in 1 contract

Samples: Secured Credit Facility Agreement (Teekay Shipping Corp)

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