Common use of No Legal Bar to Loans Clause in Contracts

No Legal Bar to Loans. The execution, delivery and performance of the Facility Documents will not violate any provision of any existing law or regulation or of any order or decree of any court or governmental instrumentality, or of the certificates of incorporation or by-laws of the Co-Borrowers, or either of them or any of the Guarantors, or of any mortgage, indenture, contract or other agreement to which the Co-Borrowers, or either of them, or any of the Guarantors is a party or by which the Co-Borrowers, or either of them, or any of the Guarantors or any of their property or assets may be bound, and will not result in the creation or imposition of any Lien on any of its properties pursuant to the provisions of such mortgage, indenture, contract or other agreement.

No Legal Bar to Loans. The execution, delivery and performance of the Facility Loan Documents will not violate any provision of any existing law or regulation or of any order or decree of any court or governmental instrumentality, or of the certificates of incorporation or by-laws of the Co-Borrowers, or either of them or any of the Guarantors, or of any mortgage, indenture, contract or other agreement to which the Co-Borrowers, or either of them, or any of the Guarantors is a party or by which the Co-Borrowers, or either of them, or any of the Guarantors or any of their property or assets may be bound, and will not result in the creation or imposition of any Lien on any of its properties pursuant to the provisions of such mortgage, indenture, contract or other agreement.