Common use of No Legal Impediments Clause in Contracts

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to (i) enjoin, prohibit or restrain the making of the Loans on the Effective Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (American Classic Voyages Co), Credit Agreement (American Classic Voyages Co)

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No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to could (i) enjoin, prohibit or restrain this Agreement from becoming effective, the making of the Loans and/or the issuance of Letters of Credit on the or after Effective Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (SCP Pool Corp), Credit Agreement (SCP Pool Corp)

No Legal Impediments. No law, regulation, order, -------------------- judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to (i) enjoin, prohibit or restrain the making of the Term Loans and requested Revolving Loans and/or the issuance of Letters of Credit on the Effective Closing Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Eco Corp)

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to (i) enjoin, prohibit or restrain the making of the Loans on or after the Effective Assumption Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Amb Property Corp)

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to (i) enjoin, prohibit or restrain the making of the Loans on the Effective Closing Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to to, (i) enjoin, prohibit or restrain the making issuance of the Loans a Letter of Credit on the Effective Date such date, or (ii) impose or result in the imposition of a any Material Adverse Effect.

Appears in 1 contract

Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)

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No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to to, (i) enjoin, prohibit or restrain (A) this Agreement becoming effective as of the Effective Date or the making of the Revolving Loans and/or the issuance of Letters of Credit requested to be made or issued, as applicable, on the Effective Date or (B) the consummation of the Leasing Transfer, or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Agent shall not have received any notice that litigation is pending or threatened which is likely to to, (i) enjoin, prohibit or restrain this Agreement becoming effective as of the Effective Date or the making of the Loans and/or the issuance of Letters of Credit requested to be made or issued, as applicable, on the Effective Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Timco Aviation Services Inc)

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall, and the Administrative Agent shall not have received any notice that litigation is pending or threatened which is likely to (i) enjoin, prohibit or restrain this Agreement from becoming effective, the making of the Loans and/or the issuance of Letters of Credit on the or after Effective Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

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