Common use of Violations of Law Clause in Contracts

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's business or its financial condition.

Appears in 11 contracts

Samples: Credit and Security Agreement (2nd Swing Inc), Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Netlist Inc)

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Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 9 contracts

Samples: Credit and Security Agreement (Pure Earth, Inc.), Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement   by And (uBid.com Holdings, Inc.)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's business or its financial condition, properties or operations of the Borrower.

Appears in 9 contracts

Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's ’s business or its financial condition.

Appears in 6 contracts

Samples: Credit and Security Agreement (Corsair Components, Inc.), Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Digital Angel Corp)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender Bank notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's ’s business or its financial condition.

Appears in 4 contracts

Samples: Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect would reasonably be expected to have a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 3 contracts

Samples: Credit and Security Agreement (Ciber Inc), Credit and Security Agreement (Exabyte Corp /De/), Credit and Security Agreement (Exabyte Corp /De/)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's violation of any law, rule or regulationregulation by the Borrower or any of its Subsidiaries, the non-compliance with which could materially and adversely affect the Borrower's business or financial condition of the Borrower or any of its financial conditionSubsidiaries.

Appears in 3 contracts

Samples: And Security Agreement (Hc2 Holdings, Inc.), Security Agreement and Fixture Filing (HC2 Holdings, Inc.), Credit and Security Agreement (Schuff International Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule rule, or regulation, the non-compliance with which could materially and adversely affect the Borrower's ’s business or its financial condition.

Appears in 2 contracts

Samples: Management Agreement (REX AMERICAN RESOURCES Corp), Loan and Security Agreement (Millennium Ethanol, LLC)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the any Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's business or its financial condition, properties or operations of such Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Global Employment Holdings, Inc.)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 2 contracts

Samples: Credit and Security Agreement (Dynamic Materials Corp), Credit and Security Agreement (Cost U Less Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's ’s business or its financial condition.

Appears in 2 contracts

Samples: Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could is reasonably expected to materially and adversely affect the Borrower's business or its financial condition, properties or operations of the Borrower.

Appears in 2 contracts

Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/)

Violations of Law. Promptly upon knowledge thereof, the Borrower Borrowers will deliver to the Lender notice of the any Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's Borrowers’ business or its their financial condition.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 1 contract

Samples: Credit and Security Agreement (Seaway Valley Capital Corp)

Violations of Law. Promptly upon knowledge thereof, the each Borrower will deliver to the Lender notice of the such Borrower's violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the any Borrower's business or its financial condition.

Appears in 1 contract

Samples: Credit and Security Agreement (Ramtron International Corp)

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Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Parent Guarantor’s, the Borrower's ’s, or any of their Subsidiaries’ violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Parent Guarantor, the Borrower's business , or its financial conditionany of their Subsidiaries.

Appears in 1 contract

Samples: Term Loan Agreement (Municipal Mortgage & Equity LLC)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the any Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Borrower's business or its financial conditionBorrowers.

Appears in 1 contract

Samples: Credit and Security Agreement   by And (Miscor Group, Ltd.)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice in writing of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect would reasonably be likely to result in a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Biovest International Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's or Holdings' violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 1 contract

Samples: Credit and Security Agreement (Interpharm Holdings Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower Borrowers will deliver to the Lender notice of the any Borrower's violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the any Borrower's business or its financial condition.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s or any Subsidiary’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect would reasonably be expected to have a Material Adverse Effect on the Borrower's business Borrower or its financial conditionsuch Subsidiary.

Appears in 1 contract

Samples: Credit and Security Agreement (Ciber Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower Borrowers will deliver to the Lender notice of the any Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect the Borrower's business or its financial conditionhave a Material Adverse Effect.

Appears in 1 contract

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the Borrower's ’s violation of any law, rule or regulation, the non-compliance with which could materially and adversely affect have a Material Adverse Effect on the Borrower's business or its financial condition.

Appears in 1 contract

Samples: Credit and Security Agreement (Waters Instruments Inc)

Violations of Law. Promptly upon knowledge thereof, the Borrower will deliver to the Lender notice of the any Borrower's ’s violation of any law, rule or regulation, the non-compliance noncompliance with which could materially and adversely affect the Borrower's business or its financial conditionhave a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Vein Associates of America Inc)

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