Common use of No Legal Obstacle to Agreement Clause in Contracts

No Legal Obstacle to Agreement. Neither the execution of this First Amendment, the making by the Borrower of any borrowing under the Agreement, nor the performance of the Agreement has constituted or resulted in or will constitute or result in a breach of the provisions of any material contract to which the Borrower is a party, or the violation of any law, judgment, decree or governmental order, rule or regulation applicable to the Borrower, or result in the creation under any agreement or instrument of any security interest, lien, charge, or encumbrance upon any of the assets of the Borrower. No approval or authorization of any governmental authority is required to permit the execution, delivery or performance by the Borrower of this First Amendment, the Agreement, or the transactions contemplated hereby or thereby, or the making of any borrowing under the Agreement.

Appears in 1 contract

Samples: Credit Agreement (Todd Ao Corp)

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No Legal Obstacle to Agreement. Neither the execution of this First Amendment, the making by the Borrower Borrowers of any borrowing under the Agreement, nor the performance of the Agreement has constituted or resulted in or will constitute or result in a breach of the provisions of any material contract to which the any Borrower is a party, or the violation of any law, judgment, decree or governmental order, rule or regulation applicable to the any Borrower, or result in the creation under any agreement or instrument of any security interest, lien, charge, or encumbrance upon any of the assets of the any Borrower. No approval or authorization of any governmental authority is required to permit the execution, delivery or performance by the Borrower Borrowers of this First Amendment, the Agreement, or the transactions contemplated hereby or thereby, or the making of any borrowing under the Agreement.

Appears in 1 contract

Samples: Credit Agreement (McKesson Hboc Inc)

No Legal Obstacle to Agreement. Neither the execution of this First Third Amendment, the making by the Borrower of any borrowing under the Agreement, nor the performance of the Agreement has constituted or resulted in or will constitute or result in a breach of the provisions of any material contract to which the Borrower is a party, or the violation of any law, judgment, decree or governmental order, rule or regulation applicable to the Borrower, or result in the creation under any agreement or instrument of any security interest, lien, charge, or encumbrance upon any of the assets of the Borrower. No approval or authorization of any governmental authority is required to permit the execution, delivery or performance by the Borrower of this First Third Amendment, the Agreement, or the transactions contemplated hereby or thereby, or the making of any borrowing under the Agreement.

Appears in 1 contract

Samples: Credit Agreement (Todd Ao Corp)

No Legal Obstacle to Agreement. Neither the execution of this First Second Amendment, the making by the Borrower of any borrowing under the Agreement, nor the performance of the Agreement has constituted or resulted in or will constitute or result in a breach of the provisions of any material contract to which the Borrower is a party, or the violation of any law, judgment, decree or governmental order, rule or regulation applicable to the Borrower, or result in the creation under any agreement or instrument of any security interest, lien, charge, or encumbrance upon any of the assets of the Borrower. No approval or authorization of any governmental authority is required to permit the execution, delivery or performance by the Borrower of this First Second Amendment, the Agreement, or the transactions contemplated hereby or thereby, or the making of any borrowing under the Agreement.

Appears in 1 contract

Samples: Credit Agreement (Todd Ao Corp)

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No Legal Obstacle to Agreement. Neither the execution The execution, delivery and performance of this First AmendmentAmendment will not (a) contravene the terms of Borrower's certificate of incorporation, the making by the Borrower of any borrowing under the Agreement, nor the performance of the Agreement has constituted by-laws or resulted in or will constitute other organization document; (b) conflict with or result in a any breach or contravention of the provisions of any material contract to which the Borrower is a party, or the violation of any law, judgment, decree or governmental order, rule or regulation applicable to the Borrower, or result in the creation under any agreement or instrument of any security interest, lien, charge, or encumbrance upon any of the assets of the Borrower. No approval or authorization of any governmental authority is required to permit the execution, delivery or performance by the Borrower of this First Amendment, the Agreement, or the transactions contemplated hereby or thereby, or the making of any borrowing under the Agreementhereby.

Appears in 1 contract

Samples: Credit Agreement (Cinemark Usa Inc /Tx)

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