No Violation; Compliance. The execution, delivery and performance of this Agreement and the Loan Documents to which Borrower is a party are within Borrower’s powers, are not in conflict with the terms of the Governing Documents of Borrower, and do not result in a breach of or constitute a default under any contract, obligation, indenture or other instrument to which Borrower is a party or by which Borrower is bound or affected, which breach or default could reasonably be expected to have a Material Adverse Effect. There is no law, rule or regulation (including Regulations T, U and X of the Federal Reserve Board), nor is there any judgment, decree or order of any court or Governmental Authority binding on Borrower which would be contravened by the execution, delivery, performance or enforcement of this Agreement and the Loan Documents to which Borrower is a party.
No Violation; Compliance. The execution, delivery and performance of the Loan Documents to which each Corporate Loan Party is a party, and the consummation of the transactions contemplated hereby and thereby, are within such Corporate Loan Party’s powers, are not in conflict with the terms of the Governing Documents of such Corporate Loan Party, and do not result in a breach of or constitute a default under any contract, obligation, indenture or other instrument to which such Corporate Loan Party is a party or by which such Corporate Loan Party is bound or affected, which breach or default would reasonably be expected to have a Material Adverse Effect. There is no law, rule or regulation (including Regulations T, U and X of the Federal Reserve Board), nor is there any judgment, decree or order of any court or Governmental Authority binding on any Corporate Loan Party which would be contravened by the execution, delivery, performance or enforcement of the Loan Documents to which any Corporate Loan Party is a party.
No Violation; Compliance. (a) The Company is not in violation of ------------------------ its Certificate of Incorporation or Bylaws. The Company is not in default or breach with respect to any agreement or instrument to which it is a party or by which it or any of its properties is subject, or, to the best of the Company's knowledge, any statute or any order, rule, regulation, judgment or decree of any court or governmental agency or body having jurisdiction over the Company or any of its properties except as may be properly described in Schedule 3.7 annexed hereto or in the SEC Reports or such as in the aggregate do not now have and could not in the future have a material adverse effect upon the financial position, results of operations, properties, business or prospects of the Company; nor is the Company required to take any action in order to avoid any such breach or default.
No Violation; Compliance. (a) The execution, delivery and performance of this Agreement and the Loan Documents to which each Borrower is a party are within such Borrower's powers, are not in conflict with the terms of the Governing Documents of such Borrower, and do not result in a breach of or constitute a default under any contract, obligation, indenture or other instrument to which such Borrower is a party or by which such Borrower is bound or affected, which breach or default could reasonably be expected to have a Material Adverse Effect. To the best knowledge of Borrowers, there is no law, rule or regulation (including Regulations T, U and X of the Federal Reserve Board), nor is there any judgment, decree or order of any court or Governmental Authority binding on any Borrower which would be contravened by the execution, delivery, performance or enforcement of this Agreement and the Loan Documents to which any Borrower is a party.
No Violation; Compliance. (a) The execution, delivery and performance of this Agreement, the Loan Documents and the Purchase Documents to which each Borrower is a party are within such Borrower's powers, are not in conflict with the terms of the Governing Documents of such Borrower, and do not result in a breach of or constitute a default under any contract, obligation, indenture or other instrument to which such Borrower is a party or by which such Borrower is bound or affected, which breach or default could reasonably be expected to have a Material Adverse Effect. To the best Knowledge of Borrowers, there is no law, rule or regulation (including Regulations T, U and X of the Federal Reserve Board), nor is there any judgment, decree or order of any court or Governmental Authority binding on any Borrower which would be contravened by the execution, delivery, performance or enforcement of this Agreement, the Loan Documents and the Purchase Documents to which any Borrower is a party.
No Violation; Compliance. (a) The Company is not in violation of its ------------------------ Articles of Incorporation or Bylaws. The Company is not in default or breach with respect to any agreement or instrument to which it is a party or by which it or any of its properties is subject or, to the best of the Company's knowledge, any statute or any order, rule, regulation, judgment or decree of any court or governmental agency or body having jurisdiction over the Company or any of its properties except as may be properly described in Schedule 3.7 to the Subscription and Stock Purchase Agreement, dated as of the date hereof, between the parties hereto (the "Subscription Agreement") or in the SEC Reports (as defined in the Subscription Agreement) or such as in the aggregate do not now have and could not in the future have a material adverse effect upon the financial position, results of operations, properties, business or prospects of the Company; nor is the Company required to take any action in order to avoid any such breach or default.
No Violation; Compliance. As of Closing, the execution, delivery, and performance of this Agreement and the other Credit Documents are within each Borrower's respective powers, are not in conflict with the terms of any charter, bylaw, or other agreement, and do not result in a breach of or constitute a default under any contract, obligation, indenture, or other instrument to which either is a party or by which either is bound or affected; and there is no law, rule or regulation, nor is there any judgment, decree or order of any court or governmental authority binding on any Borrower that would be contravened by the execution, delivery, performance, or enforcement of this Agreement or the other Credit Documents.
No Violation; Compliance. As of Closing, the execution, delivery and performance of this Agreement and the other Credit Documents are within each Borrower's respective powers, are not in conflict with the terms of any charter, bylaw, the CMD Partnership Agreement, Articles of Incorporation, limited liability company operating agreements or other organization papers of each Borrower, and do not result in a breach of or constitute a default under any contract, obligation, indenture or other instrument to which either is a party or by which either is bound or affected; and there is no law, rule or regulation, nor is there any judgment, decree or order of any court or governmental authority binding on any Borrower which would be contravened by the execution, delivery, performance or enforcement of this Agreement or the other Credit Documents.
No Violation; Compliance. The Company has received notice of non-payment with respect to a promissory note owed to The New York Bagel Factory of Santa Xxxxxxx in the principal amount of $350,000.
No Violation; Compliance. 32 5.3 Authorization; Enforceability...................................33 5.4 Approvals; Consents.............................................33 5.5 Liens...........................................................33 5.6 Debt............................................................33 5.7 Litigation......................................................33 5.8
