SECTION COMPLIANCE WITH LAWS. The Borrower and each Material Subsidiary is in compliance in all material respects with all applicable laws, ordinances, rules, regulations and requirements of governmental authorities (including, without limitation, ERISA and Environmental Laws) except where (i) non-compliance would not have a material adverse effect on the business, financial position or results of operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, or (ii) the necessity of compliance therewith is contested in good faith by appropriate proceedings.
SECTION COMPLIANCE WITH LAWS. The operations of such Credit Party comply -------------------- with all applicable federal, state or local laws and regulations, including, without limitation, Environmental Laws and regulations promulgated by the FCC and any PUC, and other telecommunications laws and regulations, except where noncompliance is not reasonably expected to have a Material Adverse Effect. None of the operations of such Credit Party is subject to any judicial or administrative proceeding alleging the violation of any Environmental Laws. None of the operations of such Credit Party is the subject of federal or state investigation evaluating whether any Remedial Action is needed to respond to a Release. FIRST PRIORITY LOAN AGREEMENT ----------------------------- Such Credit Party has not filed any notice under any federal or state law indicating past or present treatment, storage or disposal of a hazardous waste or reporting a Release. Such Credit Party has no contingent liability of which such Credit Party has knowledge or (with the reasonable exercise of diligence) should have knowledge other than contingent liabilities that are not reasonably expected to have a Material Adverse Effect.
SECTION COMPLIANCE WITH LAWS. The Grantor is in compliance with the requirements of all applicable laws (including the provisions of the Fair Labor Standards Act), rules, regulations and orders of every governmental authority, the non-compliance with which might have a Material Adverse Effect or which might materially adversely affect the value of the Collateral or the worth of the Collateral as collateral security.
SECTION COMPLIANCE WITH LAWS. To the Knowledge of Bancorp and 1st United, Bancorp and each of its Subsidiaries are in substantial compliance with all laws, rules, regulations and other legal requirements applicable to them and they know of no reason why the Merger will not be approved by the requisite governmental and regulatory authorities. SECTION LITIGATION AND ADMINISTRATIVE PROCEEDINGS. There is no action, suit, arbitration or administrative proceeding or investigation to which Bancorp or 1st United is or, to the Knowledge of Bancorp or 1st United, may be a party or subject which is pending, or threatened, in which there could be a judgment, order, decree, liability, fine, penalty, injunction or cease-and-desist order which could have a material adverse effect on its condition, financial or otherwise, or the conduct of its business. To the Knowledge of Bancorp and 1st United, there are no potential unasserted claims against Bancorp or 1st United that may have a material adverse effect on Bancorp or 1st United, financial or otherwise, or their businesses or their assets. Neither Bancorp nor 1st United is in default under, or currently subject to, any material judgment, order, decree, injunction or cease-and-desist order of any foreign, federal, state or local court, department, agency or instrumentality.
SECTION COMPLIANCE WITH LAWS. The Borrower shall, and shall cause each of its Subsidiaries to, comply in all material respects with all Applicable Laws (including, without limitation, all Environmental Laws and Governmental Actions) applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
SECTION COMPLIANCE WITH LAWS. The Borrower and EOPT will, and will cause their Subsidiaries to, comply in all material respects with all applicable laws, ordinances, rules, regulations, and requirements of governmental authorities (including, without limitation, Environmental Laws, and all zoning and building codes with respect to its Real Property Assets and ERISA and the rules and regulations thereunder and all federal securities laws) except where the necessity of compliance therewith is contested in good faith by appropriate proceedings or where the failure to do so will not have a Material Adverse Effect or expose Administrative Agent or Banks to any material liability therefor.
SECTION COMPLIANCE WITH LAWS. Comply with the requirements of all Applicable Law, rules, regulations, and orders of any governmental authority, including the Bankruptcy Code, the Fair Labor Standards Act and the Americans with Disabilities Act, other than laws, rules, regulations, and orders (a) compliance with which is prevented solely by the import of Section 362 of the Bankruptcy Code, or (b) the non-compliance with which individually or in the aggregate would not have and could not reasonably be expected to have a Materially Adverse Effect. 1. ARTICLE
SECTION COMPLIANCE WITH LAWS. As of the Closing Date, neither EEX nor any of its Subsidiaries has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.
SECTION COMPLIANCE WITH LAWS. None of the Loan Parties is in violation of any Governmental Requirement, except for instances of non- compliance that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
SECTION COMPLIANCE WITH LAWS. Each Loan Party will, and will cause each of its Subsidiaries to, comply with all applicable Governmental Requirements, including, but not limited to, all Environmental Laws, except for instances of noncompliance that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
