Common use of No Violation of Law or Agreements Clause in Contracts

No Violation of Law or Agreements. The execution and delivery of the Loan Documents and the performance by Borrower of its obligations thereunder, will not violate any provision of law and will not conflict with or result in a breach of any order, writ, injunction, ordinance, resolution, decree, or other similar document or instrument of any court or governmental authority, bureau or agency, domestic or foreign, Borrower's charter or bylaws or create (with or without the giving of notice or lapse of time, or both) a default under or breach of any agreement, bond, note or indenture to which Borrower is a party, or by which it is bound or any of its properties or assets is affected, or result in the imposition of any Lien of any nature whatsoever upon any of the properties or assets owned by or used in connection with the business of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Corixa Corp), Loan Agreement (Corixa Corp)

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No Violation of Law or Agreements. The execution and delivery of the Loan Documents and the performance by Borrower of its obligations thereunder, will not violate any provision of law and will not conflict with or result in a breach of any order, writ, injunction, ordinance, resolution, decree, or other similar document or instrument of any court or governmental authority, bureau or agency, domestic or foreign, Borrower's charter or bylaws or create (with or without the giving of notice or lapse of time, or both) a default under or material breach of any agreement, bond, note or indenture to which Borrower is a party, or by which it is bound or any of its properties or assets is affected, or result in the imposition of any Lien (other than the Lien that results in favor of Agent on behalf of the Lenders) of any nature whatsoever upon any of the properties or assets owned by or used in connection with the business of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Arris Pharmaceutical Corp/De/)

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No Violation of Law or Agreements. The execution and delivery --------------------------------- of the Loan Documents and the performance by Borrower of its obligations thereunder, will not violate any provision of law and will not conflict with or result in a breach of any order, writ, injunction, ordinance, resolution, decree, or other similar document or instrument of any court or governmental authority, bureau or agency, domestic or foreign, Borrower's charter or bylaws or create (with or without the giving of notice or lapse of time, or both) a default under or breach of any agreement, bond, note or indenture to which Borrower is a party, or by which it is bound or any of its properties or assets is affected, or result in the imposition of any Lien of any nature whatsoever upon any of the properties or assets owned by or used in connection with the business of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Kopin Corp)

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