Common use of No Legal Impediment Clause in Contracts

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 30 contracts

Samples: Revolving Credit Agreement (Stage Stores Inc), Revolving Credit Agreement (American Restaurant Group Inc), Credit and Term Loan Agreement (Western Digital Corp)

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No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Revolving Credit Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 20 contracts

Samples: Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Anacomp Inc), Revolving Credit (Weider Nutrition International Inc)

No Legal Impediment. No change shall have occurred in any law or ------------------- regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 11 contracts

Samples: Revolving Credit Agreement (Fairfield Communities Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent Issuing Bank would make it illegal for the Agent Issuing Bank to issue, extend or renew such Letter of Credit.

Appears in 10 contracts

Samples: Revolving Credit Agreement (Waste Industries Usa Inc), Revolving Credit Agreement (Waste Industries Usa Inc), Revolving Credit Agreement (Michaels Stores Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion opinion, as determined in good faith, of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or or, in the reasonable opinion opinion, as determined in good faith, of the Agent Agent, would make it illegal for the Agent to issue, extend or renew such Loan or Letter of Credit.

Appears in 6 contracts

Samples: Assignment and Assumption (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership), Revolving Credit Agreement (Boston Properties Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank Lender would make it illegal for such Bank Lender to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent Issuing Bank would make it illegal for the Agent Issuing Bank to issue, extend or renew such Letter of Credit.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Seneca Foods Corp /Ny/), Revolving Credit Agreement (CML Group Inc), Revolving Credit Agreement (CML Group Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion opinion, as determined in good faith, of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension extension, increase or renewal of such Letter of Credit or or, in the reasonable opinion opinion, as determined in good faith, of the Agent or the applicable Fronting Bank, would make it illegal for the Agent to issue, extend extend, increase or renew such Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of CreditLoan.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Grove Real Estate Asset Trust), Revolving Credit Agreement (Grove Property Trust), Revolving Credit Agreement (Grove Property Trust)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank Lender would make it illegal for such Bank Lender to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent each Issuing Bank would make it illegal for the Agent such Issuing Bank to issue, extend or renew such Letter of Credit.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Borders Group Inc), Multicurrency Revolving Credit Agreement (Borders Group Inc), Multicurrency Revolving Credit Agreement (Borders Group Inc)

No Legal Impediment. No change shall have occurred in any law ------------------- or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 2 contracts

Samples: And Term Loan Agreement (Petro Stopping Centers L P), Credit Agreement (Genesee & Wyoming Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Revolving Credit Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of CreditLoan. 11.3.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Watts Industries Inc), Loan Agreement (Liberty Property Limited Partnership)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan Loan. It shall not be unlawful for the Agent, with respect to any request relating to the issuance, extension or renewal of a Letter of Credit, to issue, extend, or renew, or for any Bank to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issueof, extend or renew such Letter of Credit.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank Lender would make it illegal for such Bank Lender to make such Loan pursuant to the provisions of this Credit Agreement, or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent Issuing Bank would make it illegal for the Agent Issuing Bank to issue, extend or renew such Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Transtechnology Corp), Credit Agreement (Transtechnology Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit. None of the Banks or the Agent is aware, on and as of the Closing Date, of any such law or regulations.

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp), Multicurrency Revolving Credit Agreement (Rogers Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or or, in the reasonable opinion of the Agent Administrative Agent, would make it illegal for the Administrative Agent to issue, extend or renew such Letter of Credit.

Appears in 2 contracts

Samples: Term Loan Agreement (Emmis Communications Corp), Revolving Credit (Emmis Communications Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Agent Issuing Bank to issue, extend or renew such Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan the Loans or to participate in the issuance, extension or renewal of such any Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Administrative Agent to issue, extend or renew such any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

No Legal Impediment. No change shall have occurred in any law ------------------- or regulations thereunder or interpretations thereof that in the reasonable opinion of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or or, in the reasonable opinion of the Agent Agent, would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Beacon Properties L P)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any the Bank would make it illegal for such the Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit. The Bank is not aware, on and as of the Closing Date, of any such law or regulations.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or Purchase and Consignment or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Administrative Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Credit and Gold Consignment Agreement (Whitehall Jewellers Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank in reliance on advice of counsel to such Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent in reliance on advice of counsel to the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Filenes Basement Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion opinion, as determined in good faith, of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of CreditLoan.

Appears in 1 contract

Samples: Credit Agreement (Boston Properties LTD Partnership)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank or, as the case may be, would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Arrow Automotive Industries Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any the Bank would make it illegal for such the Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent Bank would make it illegal for the Agent Bank to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Griffin Land & Nurseries Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Revolving Credit Loan or to participate in the issuance, issuance or extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, issue or extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan Loans, to accept and/or purchase Bankers' Acceptances or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: And Term Loan Agreement (Holmes Products Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that which in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan Loans hereunder or to participate in the issuance, extension or renewal of such Letter letters of Credit credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nationsrent Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Revolving Credit Loan or to participate in the issuance, extension or renewal of such Letter of Credit or Bankers' Acceptance or in the reasonable opinion of the Agent would make it illegal 105 for the Agent to issue, extend or renew such Letter of CreditCredit or to accept and/or purchase any Bankers' Acceptance.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

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No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit. 12.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rollins Truck Leasing Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or or, in the reasonable opinion of the Agent Managing Agent, would make it illegal for the Managing Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Administrative Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bell Sports Corp)

No Legal Impediment. No change shall have occurred in any law or ------------------- regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Agent Issuing Bank to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Genesee & Wyoming Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan Loan. It shall not be unlawful for the Issuing Bank, with respect to any request relating to the issuance, extension or renewal of a Letter of Credit, to issue, extend, or renew, or for any Bank to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issueof, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Trico Marine Services Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent any Letter of Credit Bank would make it illegal for the Agent such Letter of Credit Bank to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transpro Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or or, in the reasonable opinion of the Agent Agent, would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Beacon Properties L P)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent Issuing Bank would make it illegal for the Agent Issuing Bank to issue, extend or renew such Letter of Credit. 11.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (HMT Technology Corp)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the 79 -71- issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Dave & Busters Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan Loans, or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Loan Agreement (Holmes Group Inc)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of purchase such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of CreditBond.

Appears in 1 contract

Samples: Credit Agreement (Bacou Usa Inc)

No Legal Impediment. No change shall have occurred in any law or ------------------- regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Revolving Credit Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Ameriking Inc)

No Legal Impediment. No change shall have occurred in any applicable law or regulations thereunder or interpretations thereof that in the reasonable opinion of any the Issuing Bank would make it illegal for such the Issuing Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Control Agreement (Montpelier Re Holdings LTD)

No Legal Impediment. No change shall have occurred in any law or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or Purchase and Consignment or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Dollar Agent would make it illegal for the Dollar Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Consignment Agreement (Marks Bros Jewelers Inc)

No Legal Impediment. No change shall have occurred in any law or ------------------- regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit. 13.3.

Appears in 1 contract

Samples: Credit Agreement (Jackson Products Inc)

No Legal Impediment. No change shall have occurred in any law or -------------------- regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Administrative Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

No Legal Impediment. No change shall have occurred in any law ------------------- or regulations thereunder or interpretations thereof that in the reasonable opinion opinion, as determined in good faith, of the Agent or any Bank would make it illegal for such any Bank to make such Loan or to participate in the issuance, extension or renewal of such Letter of Credit or or, in the reasonable opinion opinion, as determined in good faith, of the Agent Agent, would make it illegal for the Agent to issue, extend or renew such Loan or Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Boston Properties Inc)

No Legal Impediment. No change shall have occurred in any law -- ----- ---------- or regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Loan the Loans or to participate in the issuance, extension or renewal of such any Letter of Credit or in the reasonable opinion of the Administrative Agent would make it illegal for the Administrative Agent to issue, extend or renew such any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

No Legal Impediment. No change shall have occurred in any law or -- ----- ---------- regulations thereunder or interpretations thereof that in the reasonable opinion of any Bank would make it illegal for such Bank to make such Revolving Credit Loan or to participate in the issuance, extension or renewal of such Letter of Credit or in the reasonable opinion of the Agent would make it illegal for the Agent to issue, extend or renew such Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

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