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 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 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)

AutoNDA by SimpleDocs

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 could is likely to (i) enjoin, prohibit or restrain this Agreement from becoming effective, the making of the Loans and/or on the issuance of Letters of Credit on or after 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)

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 could is likely to (i) enjoin, prohibit or restrain this Agreement from becoming effective, the making of the Term Loans and requested Revolving Loans and/or the issuance of Letters of Credit on or after Effective the 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 could is likely to, (i) enjoin, prohibit or restrain this Agreement from becoming effective, 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 or after 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 Agent shall not have received any notice that litigation is pending or threatened which could is likely to, (i) enjoin, prohibit or restrain this Agreement from becoming effective, the making of the Loans and/or the issuance of Letters a Letter of Credit on or after Effective Date such date, or (ii) impose or result in the imposition of a any Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Prometheus Senior Quarters LLC)

AutoNDA by SimpleDocs

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 could is likely to (i) enjoin, prohibit or restrain this Agreement from becoming effective, the making of the Loans and/or on the issuance of Letters of Credit on or after Effective Closing Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (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 could 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 or after Effective the Assumption Date or (ii) impose or result in the imposition of a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amb Property Corp)

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 could 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 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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!