Common use of No Violation of Law Clause in Contracts

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise).

Appears in 6 contracts

Samples: Loan and Security Agreement (Globespan Semiconductor Inc), Loan and Security Agreement (Great Train Store Co), Security Agreement (Strouds Inc)

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No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgmentgovernmental rule or regulation to which it is subject and the violation of which would have a Material Adverse Effect, orderand Borrower has obtained any and all licenses, permits, franchises or decree applicable to it which violation would in any respect materially other governmental authorizations necessary for the ownership of its properties and adversely affect the Collateral, the repayment conduct of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, its business, operations, or condition (financial or otherwise).

Appears in 6 contracts

Samples: Equipment Loan and Security Agreement (Akerna Corp.), Amended and Restated Equipment Loan and Security Agreement (Akerna Corp.), Loan and Security Agreement (Ameramex International Inc)

No Violation of Law. The No Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise)could reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Encore Medical Corp), Loan and Security Agreement (Trump Atlantic City Funding Ii Inc), Credit Agreement (Reeds Jewelers Inc)

No Violation of Law. The No Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it such Borrower, which violation would in any respect materially and adversely affect the Collateral, the repayment obligations of the Obligations, the Lender's rights such Borrower arising under the Loan Documents, this Agreement or the such Borrower's Property’s property, business, operations, operations or condition (financial or otherwise).

Appears in 2 contracts

Samples: Foreign Accounts Credit and Security Agreement (Synergetics Usa Inc), Patent, Trademark and License Collateral Assignment and Security Agreement (Synergetics Usa Inc)

No Violation of Law. The Neither Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Agent and/or each Lender's rights under the Loan Documents, or the such Borrower's Property, business, operations, or condition (financial or otherwise).

Appears in 2 contracts

Samples: Trademark Security Agreement (Trend Lines Inc), Loan and Security Agreement (Trend Lines Inc)

No Violation of Law. The No Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the LenderBank's rights under the Loan Documents, or the such Borrower's Property, business, operations, or condition (financial or otherwise).

Appears in 2 contracts

Samples: Loan and Security Agreement (Outlook Group Corp), Loan and Security Agreement (Outlook Group Corp)

No Violation of Law. The Such Borrower is not in violation of any law, ------------------- statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the such Borrower's Property, business, operations, or condition (financial or otherwise), taken as a whole.

Appears in 1 contract

Samples: Loan and Security Agreement (Emons Transportation Group Inc)

No Violation of Law. The Borrower is Borrowers are not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Borrowers' or their Subsidiaries' Property, business, operations, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (California Microwave Inc)

No Violation of Law. The No Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the such Borrower's Property, business, operations, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Outlook Group Corp)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinanceRequirement of Law, judgment, order, or decree applicable to it which violation would could reasonably be expected to have a Material Adverse Effect and the Contracts, in any respect materially form and adversely affect the Collateralsubstance, the repayment comply with all Requirements of the ObligationsLaw, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise)including all interest rate and disclosure requirements.

Appears in 1 contract

Samples: Loan and Security Agreement (Crown Group Inc /Tx/)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Agent and/or each Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Woodworkers Warehouse Inc)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would could reasonably be expected to result in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise)a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Matria Healthcare Inc)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it it, including, without limitation, any Environmental Law, which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise)could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals Usa Inc)

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No Violation of Law. The No Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Agent's or any Lender's rights under the Loan DocumentsDocuments or Mortgages, or the such Borrower's Propertyproperty, business, operations, financial condition or condition (financial or otherwise)prospects.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinanceRequirement of Law, judgment, order, or decree applicable to it which violation would could reasonably be expected to have a Material Adverse Effect and the Contracts, in any respect materially form and adversely affect the Collateralsubstance, the repayment comply with all Requirements of Law, including all interest rate and disclosure requirements. None of the Obligations, the LenderContracts are secured by non-purchase money security interests covering a consumer's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise)household goods.

Appears in 1 contract

Samples: Loan and Security Agreement (TFC Enterprises Inc)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, decree or decree other Laws applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise)reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Fruit of the Loom LTD)

No Violation of Law. The Neither Borrower is not in violation of any ------------------- law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the such Borrower's Property, business, operations, or condition (financial or otherwise).. 9.21

Appears in 1 contract

Samples: Loan and Security Agreement (Trend Lines Inc)

No Violation of Law. The Such Borrower is not in violation of ------------------- any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the CollateralProperties of such Borrower, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the such Borrower's Property, business, operations, or condition (financial or otherwise), taken as a whole.

Appears in 1 contract

Samples: Loan and Security Agreement (Emons Transportation Group Inc)

No Violation of Law. The Neither Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Collateral Agent's or any Lender's rights under the Loan Documents, or the a Borrower's Propertyproperty, business, operations, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Imation Corp)

No Violation of Law. The Borrower is not in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation would in any respect materially and adversely affect the Collateral, the repayment of the Loan Obligations, the Lender's rights under the Loan Documents, or the Borrower's Property, business, operations, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Guilford Pharmaceuticals Inc)

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