Common use of SECTION COMPLIANCE WITH LAWS Clause in Contracts

SECTION COMPLIANCE WITH LAWS. The Borrower will comply, and cause each Material Subsidiary to comply, 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) noncompliance 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 Borrower will comply, and cause each Material Subsidiary to comply, is in compliance in all material respects with all applicable laws, ordinances, rules, regulations, regulations and requirements of governmental authorities (including, without limitation, ERISA and Environmental Laws) except where (i) noncompliance 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.