Common use of No Legal or Contractual Bar Clause in Contracts

No Legal or Contractual Bar. This borrowing and the use of proceeds: (a) do not and will not violate any requirement of law or obligation of Borrower or permit the acceleration of any obligation of Borrower pursuant to any such obligation; and (b) do not and will not result in, or require, the creation of imposition of any lien on any of Borrower's properties or revenues pursuant to any such requirement of law or obligation other than the security interest granted to the Lender in the Collateral as set forth in the security provisions of the Note.

Appears in 4 contracts

Samples: Bridge Loan Agreement (Alfi, Inc.), Bridge Loan Agreement (Alfi, Inc.), Bridge Loan Agreement (Alfi, Inc.)

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