Common use of No Legal Bar or Resultant Lien Clause in Contracts

No Legal Bar or Resultant Lien. The execution, delivery and performance of the Loan Documents by the Borrower and each Guarantor does not constitute a default under, and will not violate any provisions of the organizational documents of the Borrower or any Guarantor or any contract, agreement, law, regulation, order, injunction, judgment, decree, or writ to which the Borrower or any Guarantor is subject, nor result in the creation or imposition of any lien upon any Properties of Borrower or any Guarantor, other than those contemplated by the Loan Documents.

Appears in 3 contracts

Samples: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)

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No Legal Bar or Resultant Lien. The execution, delivery and performance of the Loan Documents by the Borrower and each Guarantor does not constitute a default under, and will not violate any provisions of the organizational documents of the Borrower or any Guarantor or any contract, agreement, law, regulation, order, injunction, judgment, decree, or writ to which the Borrower or any Guarantor is subject, nor result in the creation or imposition of any lien upon any Properties of Borrower or any Guarantor, other than those contemplated by the Loan Documents.. 3.5

Appears in 2 contracts

Samples: Credit Loan Agreement, Loan Agreement

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