No Violation; No Consent. Each Borrower Party’s execution, delivery and performance of the Loan Documents, and compliance with the terms and provisions of the Loan Documents, will not (i) contravene any Applicable Law, (ii) conflict or be inconsistent with or result in any breach of any term, covenant, condition or provision of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any lien upon any of the Property or the Borrower Party’s other assets pursuant to the terms of any indenture, mortgage, deed of trust, agreement or other instrument to which the Borrower Party is a party or by which the Borrower Party or any of the Property or the Borrower Party’s other assets is bound or may be subject, or (iii) violate any term of any Borrower Party’s Organizational Documents (if not a natural person) or other documents and agreements governing the Borrower Party’s existence, management or operation. No Borrower Party is required to obtain the consent of any other party, including any Governmental Authority, in connection with the execution, delivery, performance, validity or enforceability of the Loan Documents.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
No Violation; No Consent. Each Borrower Party’s 's execution, delivery and performance of the Loan Documents, and compliance with the terms and provisions of the Loan Documents, will not (i) contravene any Applicable Law, (ii) conflict or be inconsistent with or result in any breach of any term, covenant, condition or provision of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any lien upon any of the Property or the Borrower Party’s 's other assets pursuant to the terms of any indenture, mortgage, deed of trust, agreement or other instrument to which the Borrower Party is a party or by which the Borrower Party or any of the Property or the Borrower Party’s 's other assets is bound or may be subject, or (iii) violate any term of any Borrower Party’s Organizational Documents (if not a natural person) 's certificate of incorporation or other documents and agreements governing the Borrower Party’s 's existence, management or operation. No Borrower Party is required to obtain the consent of any other party, including any Governmental Authority, in connection with the execution, delivery, performance, validity or enforceability of the Loan Documents.
Appears in 2 contracts
Samples: Loan Agreement (Educational Development Corp), Loan Agreement (Educational Development Corp)
No Violation; No Consent. Each Borrower Party’s execution, delivery and performance of the Loan Documents, and compliance with the terms and provisions of the Loan Documents, will not (i) contravene any Applicable Law, (ii) conflict or be inconsistent with or result in any breach of any term, covenant, condition or provision of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any lien upon any of the Property or the Borrower Party’s other assets pursuant to the terms of any indenture, mortgage, deed of trust, agreement or other instrument to which the Borrower Party is a party or by which the Borrower Party or any of the Property or the Borrower Party’s other assets is bound or may be subject, or (iii) violate any term of any Borrower Party’s Organizational Documents (if not a natural person) certificate of formation or other documents and agreements governing the Borrower Party’s existence, management or operation. No Borrower B orrower Party is required to obtain the consent of any other party, including any Governmental Authority, in connection with the execution, delivery, performance, validity or enforceability of the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (ParagonCoin, LTD)