Common use of Violations Clause in Contracts

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 25 contracts

Samples: Subsidiary Guaranty (American Water Star Inc), Subsidiary Guaranty (Certified Services Inc), Guaranty (Creative Vistas Inc)

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Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Lender on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 18 contracts

Samples: Guaranty (Lone Star Value Management LLC), Guaranty (MBC Funding Ii Corp.), Guaranty (MBC Funding Ii Corp.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of Xxxxxx on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 13 contracts

Samples: Guaranty (Miscor Group, Ltd.), Subsidiary Guaranty (TRUEYOU.COM), Subsidiary Guaranty (Implant Sciences Corp)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Agent for the ratable benefit of Lenders on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 7 contracts

Samples: Guaranty (Newtek Business Services Corp.), Guaranty (Newtek Business Services Corp.), Guaranty (Newtek Business Services Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 7 contracts

Samples: Subsidiary Guaranty (Innovative Companies Inc), Subsidiary Guaranty (Ventures National Inc), Guaranty (Equifin Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of Lxxxxx on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 6 contracts

Samples: Subsidiary Guaranty (Electric City Corp), Subsidiary Guaranty (Implant Sciences Corp), Subsidiary Guaranty (Electric City Corp)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of the Agent, for the ratable benefit of the Creditor Parties, on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 6 contracts

Samples: Guaranty (Rapid Link Inc), Subsidiary Guaranty (Micro Component Technology Inc), Subsidiary Guaranty (Pervasip Corp)

Violations. The execution, delivery and performance of this ---------- Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Agent for the ratable benefit of Lenders on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 3 contracts

Samples: Guaranty (Radnor Holdings Corp), Guaranty (Radnor Holdings Corp), Guaranty (Radnor Holdings Corp)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Agent and Lenders on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 3 contracts

Samples: Guaranty (Presstek Inc /De/), Guaranty (Presstek Inc /De/), Guaranty (Presstek Inc /De/)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of Lender on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 3 contracts

Samples: Guaranty (Applied Digital Solutions Inc), Subsidiary Guaranty (Applied Digital Solutions Inc), Subsidiary Guaranty (Digital Angel Corp)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor of Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Modtech Holdings Inc), Securities Purchase Agreement (Modtech Holdings Inc), Subsidiary Guaranty (Netfabric Holdings, Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any material contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus the Purchasers on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Axeda Systems Inc), Subsidiary Guaranty (Axeda Systems Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor of Laurus on any of its property or assets pursuant to the provisions xxxxisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Incentra Solutions, Inc.), Subsidiary Guaranty (Incentra Solutions, Inc.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Lender on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Sequiam Corp), Subsidiary Guaranty (Trimedia Entertainment Group Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of LV, for the ratable benefit of the Creditor Parties, on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Guaranty (Biovest International Inc), Guaranty (Accentia Biopharmaceuticals Inc)

Violations. The execution, delivery and performance of this Amended and Restated Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Guaranty (Creative Vistas Inc), Guaranty (Creative Vistas Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Bp International Inc), Subsidiary Guaranty (Digital Lifestyles Group Inc)

Violations. The execution, delivery and performance of this ---------- Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor of Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Guaranty (Texhoma Energy Inc), Guaranty (New Century Energy Corp.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of Agent on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Biovest International Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus __________ on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Dyntek Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of the Purchasers on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Silicon Mountain Holdings, Inc.)

Violations. The execution, delivery and performance of this Guaranty will not violate any material requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Agent for the ratable benefit of Lenders on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Lets Talk Cellular & Wireless Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Agent and Holders on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Unit Subscription Agreement (Tegal Corp /De/)

Violations. The execution, delivery and performance of this ---------- Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Lender on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Texhoma Energy Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Agent on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Microwave Power Devices Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of XStream on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effectmaterial adverse effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Xstream Beverage Network, Inc.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Noteholders on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Epixtar Corp)

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Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it the undersigned or any contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any of its the undersigned’s property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of the Agent, for the ratable benefit of the Creditor Parties, on any of its the undersigned’s property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Windswept Environmental Group Inc)

Violations. The execution, delivery and performance of this ---------- Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of Xxxxxx on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (New Century Energy Corp.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Multi-Channel on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Island Pacific Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Midsummer on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Island Pacific Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus the Lender on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Host America Corp)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus the Purchasers on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Friendlyway CORP)

Violations. The execution, delivery and performance of this Guaranty will not violate violate, in any material respect, any requirement of law applicable to it the undersigned or any material contract, agreement or instrument to it which the undersigned is a party or by which it the undersigned or any property of its property the undersigned is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its the property or assets of the undersigned pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Data Systems & Software Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of the Purchasers on any of its their property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Patients & Physicians, Inc.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus Purchaser Group on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Bio Key International Inc)

Violations. The execution, delivery and performance of this Limited Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus in favor of LV, for the ratable benefit of the Creditor Parties, on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Limited Guaranty (Biovest International Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor Guaranty of Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Clinical Data Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus the Lenders on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Corgenix Medical Corp/Co)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any material contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Axeda Systems Inc)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor of Laurus on any of its property or assets ox xxxets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (RG America, Inc.)

Violations. The execution, delivery and performance of this ---------- Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to Laurus on any of its property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Sequiam Corp)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor of Laurus on any of its xxx property or assets pursuant to the provisions of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Tarpon Industries, Inc.)

Violations. The execution, delivery and performance of this Guaranty will not violate any requirement of law applicable to it or any contract, agreement or instrument to which it is a party or by which it or any of its property is bound or result in the creation or imposition of any mortgage, lien or other encumbrance other than to in favor of Laurus on any of its property or assets pursuant to the provisions prxxxxxxns of any of the foregoing, which, in any of the foregoing cases, could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Subsidiary Guaranty (Windswept Environmental Group Inc)

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