Common use of No Violation of Law Clause in Contracts

No Violation of Law. Borrower is not in violation of any law, ordinance, governmental rule or regulation to which it is subject and the violation of which would have a Material Adverse Effect, and Borrower has obtained any and all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its properties and the conduct of its business.

Appears in 6 contracts

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

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

Appears in 6 contracts

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

No Violation of Law. No Borrower is not in violation of any law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to it which it is subject and the violation of which would could reasonably be expected to have a Material Adverse Effect, and Borrower has obtained any and all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its properties and the conduct of its business.

Appears in 5 contracts

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

No Violation of Law. No Borrower is not in violation of any law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to it which it is subject violation would in any respect materially and adversely affect the violation Collateral, the repayment of which would have a Material Adverse Effectthe Obligations, and Borrower has obtained any and all licensesthe Bank's rights under the Loan Documents, permitsor such Borrower's Property, franchises business, operations, or other governmental authorizations necessary for the ownership of its properties and the conduct of its businesscondition (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. No Borrower is not in violation of any law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to such Borrower, which it is subject violation would in any respect materially and adversely affect the violation Collateral, the obligations of which would have a Material Adverse Effectsuch Borrower arising under this Agreement or such Borrower’s property, and Borrower has obtained any and all licensesbusiness, permits, franchises operations or other governmental authorizations necessary for the ownership of its properties and the conduct of its businesscondition (financial or otherwise).

Appears in 2 contracts

Samples: Credit and Security Agreement (Synergetics Usa Inc), Credit and Security Agreement (Synergetics Usa Inc)

No Violation of Law. Neither Borrower is not in violation of any law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to it which it is subject violation would in any respect materially and adversely affect the violation Collateral, the repayment of which would have a Material Adverse Effectthe Obligations, and Borrower has obtained any and all licensesthe Agent and/or each Lender's rights under the Loan Documents, permitsor such Borrower's Property, franchises business, operations, or other governmental authorizations necessary for the ownership of its properties and the conduct of its businesscondition (financial or otherwise).

Appears in 2 contracts

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

No Violation of Law. Neither Borrower is not in violation of any ------------------- law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to it which it is subject violation would in any respect materially and adversely affect the violation Collateral, the repayment of which would have a Material Adverse Effectthe Obligations, and Borrower has obtained any and all licensesthe Lender's rights under the Loan Documents, permitsor such Borrower's Property, franchises business, operations, or other governmental authorizations necessary for the ownership of its properties and the conduct of its businesscondition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Trend Lines Inc)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan and Security Agreement (Outlook Group Corp)

No Violation of Law. Borrower is not in violation of any law, ordinance, governmental rule or regulation to which it is subject and the violation of which would have a Material Adverse EffectApplicable Law, and Borrower has obtained any and all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its properties and the conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Primoris Services Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Guilford Pharmaceuticals Inc)

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No Violation of Law. No Borrower is not in violation of any law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to it which it is subject violation would in any respect materially and adversely affect the violation Collateral, the repayment of which would have a Material Adverse Effectthe Obligations, and Borrower has obtained the Agent's or any and all licensesLender's rights under the Loan Documents or Mortgages, permitsor such Borrower's property, franchises business, operations, financial condition or other governmental authorizations necessary for the ownership of its properties and the conduct of its businessprospects.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

No Violation of Law. The Borrower is not in violation of any lawRequirement of Law, ordinancejudgment, governmental rule order, or regulation decree applicable to it which it is subject and the violation of which would could reasonably be expected to have a Material Adverse Effect, and Borrower has obtained any and all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its properties Effect and the conduct Contracts, in form and substance, comply with all Requirements of its businessLaw, 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 lawRequirement of Law, ordinancejudgment, governmental rule order, or regulation decree applicable to it which it is subject and the violation of which would could reasonably be expected to have a Material Adverse Effect, and Borrower has obtained any and all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its properties Effect and the conduct Contracts, in form and substance, comply with all Requirements of its businessLaw, including all interest rate and disclosure requirements. None of the Contracts are secured by non-purchase money security interests covering a consumer's household goods.

Appears in 1 contract

Samples: Loan and Security Agreement (TFC Enterprises Inc)

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

Appears in 1 contract

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

No Violation of Law. Neither Borrower is not in violation of any law, statute, regulation, ordinance, governmental rule judgment, order, or regulation decree applicable to it which it is subject violation would in any respect materially and adversely affect the violation Collateral, the repayment of which would have the Obligations, the Collateral Agent's or any Lender's rights under the Loan Documents, or a Material Adverse EffectBorrower's property, and Borrower has obtained any and all licensesbusiness, permitsoperations, franchises or other governmental authorizations necessary for the ownership of its properties and the conduct of its businesscondition (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, governmental rule judgment, order, decree or regulation other Laws applicable to it which it is subject and the violation of which would reasonably be expected to have a Material Adverse Effect, and Borrower has obtained any and all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its properties and the conduct of its business.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan and Security Agreement (Woodworkers Warehouse Inc)

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