Common use of Observance of Legal Requirements Clause in Contracts

Observance of Legal Requirements. Observe and comply in all respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies which now or at any time hereafter may be applicable to the Borrower or any of its Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp)

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Observance of Legal Requirements. Observe and comply in all respects -------------------------------- with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies which now or at any time hereafter thereafter may be applicable to the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Loan Agreement (Nu Horizons Electronics Corp), Loan Agreement (Nu Horizons Electronics Corp)

Observance of Legal Requirements. Observe and comply in all -------------------------------- respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies Governmental Authorities which now or at any time hereafter thereafter may be applicable to the Borrower Company and its Subsidiaries, a violation of which would have a material adverse effect on the property, business, profits or conditions (financial or otherwise) of the Company or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Netsmart Technologies Inc)

Observance of Legal Requirements. Observe and comply in all -------------------------------- respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies which now or at any time hereafter may be applicable to the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Nu Horizons Electronics Corp)

Observance of Legal Requirements. Observe and comply in all respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies Governmental Authorities which now or at any time hereafter thereafter may be applicable to the Borrower Company and its Subsidiaries, a violation of which would have a material adverse effect on the property, business, profits or conditions (financial or otherwise) of the Company or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Netsmart Technologies Inc)

Observance of Legal Requirements. Observe and comply in all -------------------------------- respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies Governmental Authorities which now or at any time hereafter thereafter may be applicable to the Borrower Company, a violation of which would have a material adverse effect on the property, business, profits or any conditions (financial or otherwise) of its Subsidiariesthe Company.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc)

Observance of Legal Requirements. Observe and comply in all respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies which now or at any time hereafter may be applicable to the Borrower Borrowers or any of its their Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Industrial Enterprises of America, Inc.)

Observance of Legal Requirements. Observe and comply in all respects -------------------------------- with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies Governmental Authorities which now or at any time hereafter thereafter may be applicable to the Borrower Company, a violation of which would have a material adverse effect on the property, business, profits or any conditions (financial or otherwise) of its Subsidiariesthe Company.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc)

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Observance of Legal Requirements. Observe and comply in all respects with all material laws (including but not limited to ERISA)laws, ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies bodies, which now or at any time hereafter may be applicable to the Borrower or any of its Subsidiaries.Maker. 2

Appears in 1 contract

Samples: Asset Sale Agreement (Teltronics Inc)

Observance of Legal Requirements. Observe and comply in all respects with all material laws (including but not limited to ERISA)laws, ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies bodies, which now or at any time hereafter may be applicable to the Borrower or any of its SubsidiariesMaker.

Appears in 1 contract

Samples: Secured Promissory Note Amendment (Teltronics Inc)

Observance of Legal Requirements. Observe and comply in all respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies Governmental Authorities which now or at any time hereafter thereafter may be applicable to the Borrower Company or any the Guarantor, a violation of its Subsidiarieswhich would have a material adverse effect on the property, business, profits or conditions (financial or otherwise) of the Company or the Guarantor.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc)

Observance of Legal Requirements. Observe and comply in all -------------------------------- respects with all material laws (including but not limited to ERISA), ordinances, orders, judgments, rules, regulations, certifications, franchises, permits, licenses, directions and requirements of all governmental bodies which now or at any time hereafter thereafter may be applicable to the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Nu Horizons Electronics Corp)

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