Common use of Action; No Breach Clause in Contracts

Action; No Breach. The execution, delivery, and performance by Borrower of this Agreement and the other Loan Documents to which Borrower is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of Borrower and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) Constituent Documents of Borrower or any of its Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which Borrower or any of its Subsidiaries is a party or by which any of them or any of their Properties is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiary.

Appears in 2 contracts

Samples: Loan Agreement (Dgse Companies Inc), Loan Agreement (Dgse Companies Inc)

AutoNDA by SimpleDocs

Action; No Breach. The execution, delivery, and performance by Borrower the Borrowers of this Agreement and the other Loan Documents to which Borrower is the Borrowers are or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of Borrower the Borrowers and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the Constituent Documents of Borrower or any of its Subsidiariesthe Borrowers, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which Borrower or any of its Subsidiaries is the Borrowers are a party or by which any either of them or any of their Properties is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiarythe Borrowers.

Appears in 1 contract

Samples: Loan Agreement (Integrated Performance Systems Inc)

Action; No Breach. The execution, delivery, and performance by the Borrower of this Agreement and the other Loan Documents to which the Borrower is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of the Borrower and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) Constituent Documents of Borrower or any of its Subsidiariesthe Borrower, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which the Borrower or any of its Subsidiaries is a party or by which any of them or any of their Properties is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiarythe Borrower.

Appears in 1 contract

Samples: Loan Agreement (Advanced Environmental Recycling Technologies Inc)

Action; No Breach. The execution, delivery, and performance by each of Borrower and each other Obligated Party of this Agreement and the other Loan Documents to which Borrower such Person is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of Borrower such Person and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the Constituent Documents of Borrower or any of its Subsidiariessuch Person, (ii) any applicable material law, material rule, or material regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any material agreement or material instrument to which Borrower or any of its Subsidiaries such Person is a party or by which any of them it or any of their its Properties is bound or subject, or (b) constitute a default under any such material agreement or material instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiarysuch Person.

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

Action; No Breach. The execution, delivery, and performance by Borrower of this Agreement and the other Loan Documents to which Borrower is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of Borrower and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent content under (i) Constituent Documents of Borrower or any of its Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which Borrower or any of its Subsidiaries is a party or by which any of them or any of their Properties is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiary, except, with respect to clauses (i) and (ii) above, where such violation or conflict or breach or lack of consent would not have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

AutoNDA by SimpleDocs

Action; No Breach. The execution, delivery, and performance by Borrower each of Borrower, the Guarantors and each other Obligated Party of this Agreement and the other Loan Documents to which Borrower such Person is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of Borrower such Person and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) the Constituent Documents of Borrower or any of its Subsidiariessuch Person, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which Borrower or any of its Subsidiaries such Person is a party or by which any of them it or any of their its Properties is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiarysuch Person other than Liens in favor of the Lender.

Appears in 1 contract

Samples: Credit Agreement (Lm Funding America, Inc.)

Action; No Breach. The execution, delivery, and performance by Borrower each Loan Party of this Agreement and the other Loan Documents to which Borrower it is or may become a party and compliance with the terms and provisions hereof and thereof have been duly authorized by all requisite action on the part of Borrower such Loan Party and do not and will not (a) violate or conflict with, or result in a breach of, or require any consent under (i) Constituent Documents of Borrower or any of its Subsidiaries, (ii) any applicable law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator, or (iii) any agreement or instrument to which Borrower or any of its Subsidiaries is a party or by which any of them or any of their Properties is bound or subject, or (b) constitute a default under any such agreement or instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of Borrower or any Subsidiary.

Appears in 1 contract

Samples: Loan Agreement (Dgse Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.