Common use of Observance of Agreements, Statutes and Orders Clause in Contracts

Observance of Agreements, Statutes and Orders. Neither the Company nor any Subsidiary is in default under any term of any agreement or instrument to which it is a party or by which it is bound, or any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority or is in violation of any applicable law, ordinance, rule or regulation (including without limitation Environmental Laws) of any Governmental Authority, which default or violation, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

Observance of Agreements, Statutes and Orders. Neither Except as disclosed in the Offering Memorandum, neither the Company nor any the Subsidiary is in default under any term of any agreement or instrument to which it is a party or by which it is bound, or any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority governmental authority or is in violation of any applicable law, ordinance, rule or regulation (including without limitation Environmental Lawsenvironmental laws) of any Governmental Authority, governmental authority which default or violation, individually or in the aggregate, violation could reasonably be expected to have a Material Adverse EffectEffect upon the operations or financial condition of the Company or the Subsidiary.