Common use of No Violation of Agreements Clause in Contracts

No Violation of Agreements. Neither Borrower nor any Subsidiary is in default under any material provision of any agreement to which it is a party or in violation of any Applicable Laws. The execution and delivery of this Agreement, the Notes, the other Loan Documents, and the instruments incidental hereto; the consummation of the transactions herein or therein contemplated; and compliance with the terms and provisions hereof or thereof (a) will not violate any material Applicable Law, (b) will not conflict or be inconsistent with; result in any breach of any of the material terms, covenants, conditions, or provisions of; constitute a default under; or result in the creation or imposition of (or the obligation to impose) any lien, charge, or encumbrance upon any of the property or assets of Borrower or Guarantor pursuant to the terms of any material Governmental Approval, mortgage, deed of trust, lease, agreement, or other instrument to which Borrower or Guarantor is a party, by which Borrower or Guarantor may be bound, or to which Borrower or Guarantor may be subject, and (c) will not violate any of the provisions of the articles of incorporation of Borrower or Guarantor. No Governmental Approval is necessary (x) for the execution of this Agreement or the Guaranty, the making of the Notes, or the assumption and performance of this Agreement, the Guaranty, or the Notes by Borrower or Guarantor (as the case may be) or (y) for the consummation by Borrower or Guarantor of the transactions contemplated by this Agreement including but not limited to the grant of the security interests to U. S. Bank.

No Violation of Agreements. Neither Borrower nor any Wholly Owned Subsidiary is in default under any material provision of any agreement to which it is a party or in violation of any Applicable Laws. The execution and delivery of this Agreement, the NotesConvertible Promissory Note, the other Loan Documents, and the instruments incidental hereto; the consummation of the transactions herein or therein contemplated; and compliance with the terms and provisions hereof or thereof (a) will not violate any material Applicable Law, Law and (b) will will. not conflict or be inconsistent with; result in any breach of any of the material terms, covenants, conditions, or provisions of; constitute a default under; or result in the creation or imposition of (or the obligation to impose) any lien, charge, or encumbrance upon any of the property or assets of Borrower or Guarantor any Wholly Owned Subsidiary pursuant to the terms of any material Governmental Approval, mortgage, deed of trust, lease, agreement, or other instrument to which Borrower or Guarantor is a party, by which Borrower or Guarantor any Wholly Owned Subsidiary may be bound, or to which Borrower or Guarantor any Wholly Owned Subsidiary may be subject, and (c) will not violate any of the provisions of the articles certificate of incorporation formation, operating agreement or other organizational documents of Borrower or Guarantorany Wholly Owned Subsidiary. No Governmental Approval is necessary (xi) for the execution of this Agreement Agreement, or the Guaranty, the making of the NotesConvertible Promissory Note, or the assumption and performance of this Agreement, the Guaranty, or the Notes by Borrower or Guarantor (as the case may be) or (y) for ii)for the consummation by Borrower or Guarantor and Wholly Owned Subsidiaries of the transactions contemplated by this Agreement including Agreement, including, but not limited to to, the grant of the security interests to U. S. BankEmeritus.

No Violation of Agreements. Neither Borrower nor any Subsidiary Guarantor is in default under any material provision of any agreement to which it is a party or in violation of any Applicable Laws. The execution and delivery of this Agreement, the Notes, the other Loan Documents, and the instruments incidental hereto; the consummation of the transactions herein or therein contemplated; and compliance with the terms and provisions hereof or thereof (a) will not violate any material Applicable Law, Law and (b) will not conflict or be inconsistent with; result in any breach of any of the material terms, covenants, conditions, or provisions of; constitute a default under; or result in the creation or imposition of (or the obligation to impose) any lien, charge, or encumbrance upon any of the property or assets of Borrower or any Guarantor pursuant to the terms of any material Governmental Approval, mortgage, deed of trust, lease, agreement, or other instrument to which Borrower or Guarantor is a party, by which Borrower or any Guarantor may be bound, or to which Borrower or any Guarantor may be subject, and (c) will not violate any of the provisions of the articles of incorporation of Borrower or GuarantorBorrower. No Governmental Approval is necessary (x) for the execution of this Agreement or the GuarantyAgreement, the making of the Notes, or the assumption and performance of this Agreement, the Guaranty, Agreement or the Notes by Borrower or Guarantor (as the case may be) or (y) for the consummation by Borrower or Guarantor and Guarantors of the transactions contemplated by this Agreement including Agreement, including, but not limited to to, the grant of the security interests to U. S. Bank.

No Violation of Agreements. Neither Borrower nor any Subsidiary Guarantor is in default under any material provision of any agreement to which it is a party or in violation of any Applicable Laws. The execution and delivery of this Agreement, the Notes, the other Loan Documents, and the instruments incidental hereto; the consummation of the transactions herein or therein contemplated; and compliance with the terms and provisions hereof or thereof (a) will not violate any material Applicable Law, Law and (b) will not conflict or be inconsistent with; result in any breach of any of the material terms, covenants, conditions, or provisions of; constitute a default under; or result in the creation or imposition of (or the obligation to impose) any lien, charge, or encumbrance upon any of the property or assets of Borrower or any Guarantor pursuant to the terms of any material Governmental Approval, mortgage, deed of trust, lease, agreement, or other instrument to which Borrower or Guarantor is a party, by which Borrower or any Guarantor may be bound, or to which Borrower or any Guarantor may be subject, and (c) will not violate any of the provisions of the articles of incorporation of Borrower or GuarantorBorrower. No Governmental Approval is necessary (xi) for the execution of this Agreement or the GuarantyAgreement, the making of the Notes, or the assumption and performance of this Agreement, the Guaranty, Agreement or the Notes by Borrower or Guarantor (as the case may be) or (yii) for the consummation by Borrower or Guarantor and Guarantors of the transactions CREDIT AGREEMENT PAGE 38 45 contemplated by this Agreement including Agreement, including, but not limited to to, the grant of the security interests to U. S. Bank.

No Violation of Agreements. Neither Borrower nor any Subsidiary is in default under any material provision of any agreement to which it is a party or in violation of any Applicable Laws. The execution and delivery of this Agreement, the Notes, the other Loan Documents, Documents and the instruments incidental hereto; the consummation of the transactions herein or therein contemplated; and compliance with the terms and provisions hereof or thereof (a) will not violate any material Applicable Law, (b) will not conflict or be inconsistent with; , result in any breach of any of the material terms, covenants, conditions, conditions or provisions of; , constitute a default under; , or result in the creation or imposition of (or the obligation to impose) any lien, charge, charge or encumbrance upon any of the property or assets of Borrower or any Guarantor pursuant to the terms of any material Governmental Approval, mortgage, deed of trust, lease, agreement, agreement or other instrument to which Borrower or any Guarantor is a party, by which Borrower or any Guarantor may be bound, bound or to which Borrower or any Guarantor may be subject, and (c) will not violate any of the provisions of the articles of incorporation of Borrower or any Guarantor. No Governmental Approval is necessary (x) for the execution of this Agreement or the GuarantyAgreement, the making of the Notes, Notes or the assumption and performance of this Agreement, the Guaranty, or the Notes by Borrower or the Guaranties by any Guarantor (as the case may be) or (y) for the consummation by Borrower or any Guarantor of the transactions contemplated by this Agreement including Agreement, including, but not limited to to, the grant of the security interests to U. S. U.S. Bank.