Common use of Operations in Conformity With Law, etc Clause in Contracts

Operations in Conformity With Law, etc. The operations of the Borrower and its Subsidiaries as now conducted or proposed to be conducted are not in violation of, nor is the Borrower or any of its Subsidiaries in default under, any Legal Requirement presently in effect, except for such violations and defaults as do not and will not, in the aggregate, result, or create a material risk of resulting, in any Material Adverse Change. Neither the Borrower nor any of its Subsidiaries has received notice of any such violation or default or has knowledge of any basis on which the operations of the Borrower or its Subsidiaries, as now conducted and as currently proposed to be conducted after the date hereof, would be held so as to violate or to give rise to any such violation or default.

Operations in Conformity With Law, etc. The operations of the --------------------------------------- Borrower and its Subsidiaries as now conducted or proposed to be conducted are not in violation of, nor is the Borrower or any of its Subsidiaries in default under, any Legal Requirement presently in effect, except for such violations and defaults as do not and will not, in the aggregate, result, or create a material risk of resulting, in any Material Adverse Change. Neither the Borrower nor any of its Subsidiaries has received notice of any such violation or default or has knowledge of any basis on which the operations of the Borrower or its Subsidiaries, as now conducted and as currently proposed to be conducted after the date hereof, would be held so as to violate or to give rise to any such violation or default.