Common use of Restrictions on the Borrower Clause in Contracts

Restrictions on the Borrower. Neither the Borrower nor the Bank is a party to, nor is bound by, any contract or agreement or instrument, or subject to any charter or other corporate restriction materially and adversely affecting its financial condition, business or operations.

Appears in 2 contracts

Samples: Loan and Subordinated Debenture Purchase Agreement (Independent Bank Group Inc), Loan and Subordinated Debenture Purchase Agreement (Gateway Financial Holdings Inc)

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Restrictions on the Borrower. Neither the Borrower nor the Bank any of its Subsidiaries is a party toto or bound by any contract, nor is bound by, any contract or agreement or instrument, or nor subject to any charter or other corporate restriction which will, under current or foreseeable conditions, materially and adversely affecting affect its business, property, assets, operations or conditions, financial condition, business or operationsotherwise.

Appears in 1 contract

Samples: Loan Agreement (Boston Acoustics Inc)

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Restrictions on the Borrower. Neither the Borrower nor the Bank any of its Subsidiaries is a party toto any indenture, nor is bound byloan or credit agreement, or any contract lease or other agreement or instrument, or subject to any charter charter, corporate or other corporate restriction materially limited liability company restriction, which could reasonably be expected to have a Material Adverse Effect, or which restricts the ability of the Borrower or any Subsidiary to carry out any of the provisions of this Agreement, the Term Note or any of the Loan Documents executed in connection herewith and adversely affecting its financial condition, business or operationstherewith.

Appears in 1 contract

Samples: Loan Agreement (Fuelcell Energy Inc)

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