Common use of Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc Clause in Contracts

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties and their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties or any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties or any of their Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 12 contracts

Samples: Credit Agreement (Jones Apparel Group Inc), Credit Agreement (Jones Apparel Group Inc), 364 Day Credit Agreement (Jones Apparel Group Inc)

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Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the each Credit Parties and their Subsidiaries Party of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Extensions of Credit hereunder and the transactions contemplated hereby or thereby do not and will not, by the passage of time, the giving of notice or otherwise, (ia) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval that has not otherwise already been obtained or violate any Applicable Law relating to any Credit Party where the Credit Parties failure to obtain such Governmental Approval or any of their Subsidiariessuch violation would reasonably be expected to have a Material Adverse Effect, (iib) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the any Credit Parties Party, (c) conflict with, result in a breach of or constitute a default under any of their Subsidiaries or any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not Person, which would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or (iiid) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Permitted Liens.

Appears in 4 contracts

Samples: First Amendment and Lender Joinder Agreement (SYNAPTICS Inc), Credit Agreement (SYNAPTICS Inc), Credit Agreement (SYNAPTICS Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The executionexecution and delivery by the Borrower of this Agreement, delivery the Notes and the other Loan Documents, the performance by the Credit Parties Borrower of this Agreement, the Notes and their Subsidiaries of the other Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder hereunder, and the transactions contemplated hereby and thereby, do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Borrower or any of their its Material Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties Borrower or any of their its Material Subsidiaries or any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such Person.Person other than Liens arising under the Loan Documents

Appears in 3 contracts

Samples: Credit Agreement (Darden Restaurants Inc), Credit Agreement (Darden Restaurants Inc), Credit Agreement (Darden Restaurants Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrowers and their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties Borrowers or any of their Subsidiaries to obtain any Governmental Approval or approval of any other Person not otherwise already obtained or violate any Applicable applicable Law relating to the Credit Parties Borrowers or any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational organization documents of the Credit Parties Borrowers or any of their Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien (other than a Lien permitted under Section 8.02) upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 3 contracts

Samples: Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the each Credit Parties and their Subsidiaries Party of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Extensions of Credit hereunder and the transactions contemplated hereby or thereby do not and will not, by the passage of time, the giving of notice or otherwise, (ia) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval that have not otherwise already been obtained or violate any Applicable Law relating to any Credit Party where the Credit Parties failure to obtain such Governmental Approval or any of their Subsidiariessuch violation would reasonably be expected to have a Material Adverse Effect, (iib) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the any Credit Parties Party, (c) conflict with, result in a breach of or constitute a default under any of their Subsidiaries or any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not Person, which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or (iiid) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (SYNAPTICS Inc), Credit Agreement (Synaptics Inc), Credit Agreement (SYNAPTICS Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrower and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Extensions of Credit hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Borrower or any of their its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties Borrower or any of their Subsidiaries its Subsidiaries, (iii) conflict with, result in a breach of or constitute a default under any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person Person, except as could to the extent a breach or default under such indenture, agreement or instrument would not reasonably be expected to have a Material Adverse Effect, or (iiiiv) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrower and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties Borrower or any of their its Subsidiaries to obtain any Governmental Approval or approval of any other Person not otherwise already obtained or violate any Applicable applicable Law relating to the Credit Parties Borrower or any of their its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational organization documents of the Credit Parties Borrower or any of their its Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien (other than a Lien permitted under Section 8.02) upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties each Borrower and their Subsidiaries each Subsidiary thereof of the Loan Documents and Acquisition Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder Extensions of Credit hereunder, the granting of the Liens under the Security Documents and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties any Borrower or any of their SubsidiariesSubsidiary thereof, (ii) conflict with, result in a breach of or constitute a default under (A) the articles of incorporation, bylaws or other organizational documents of the Credit Parties any Borrower or any of their Subsidiaries Subsidiary thereof or (B) any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as which could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrower and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any to the best knowledge of the Credit Parties or any of their Subsidiaries to obtain Borrower, require any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Borrower or any of their its Subsidiaries, ; (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties Borrower or any of their its Subsidiaries or any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or or, to the best knowledge of the Borrower, any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, Person; or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Medcath Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the each Credit Parties Party and their Subsidiaries each Subsidiary thereof of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Extensions of Credit hereunder and the transactions contemplated hereby or thereby do not and will not, by the passage of time, the giving of notice or otherwise, (ia) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the any Credit Parties Party or any of their SubsidiariesSubsidiary thereof where the failure to obtain such Governmental Approval or such violation could reasonably be expected to have a Material Adverse Effect, (iib) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the any Credit Parties Party or any Subsidiary thereof, (c) conflict with, result in a breach of their Subsidiaries or constitute a default under any indenture indenture, material agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse EffectPerson, or (iiid) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Permitted Liens or (e) require any consent or authorization of, filing with, or other act in respect of, an arbitrator or Governmental Authority and no consent of any other Person is required in connection with the execution, delivery, performance, validity or enforceability of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Zoe's Kitchen, Inc.)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrower and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Borrower or any of their its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporationcharter, bylaws or other organizational documents of the Credit Parties Borrower or any of their Subsidiaries its Subsidiaries, (iii) conflict with, result in a breach of or constitute a default under any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person Person, except as could to the extent a breach or default under such indenture, agreement or instrument would not reasonably be expected to have a Material Adverse Effect, or (iiiiv) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrower and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Borrower or any of their Subsidiariesits Subsidiaries (except as contemplated with respect to Section 19 of each Pledge Agreement), (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties Borrower or any of their its Subsidiaries or any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse EffectPerson, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Parent and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Parent or any of their its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties Parent or any of their Subsidiaries its Subsidiaries, (iii) conflict with, result in a breach of or constitute a default under any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person Person, except as where such conflict, breach or default could not reasonably be expected to have a Material Adverse Effect, or (iiiiv) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)

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Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties ACC and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) except as set forth on Schedule 6.1(d) hereto, require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or as of the Closing Date, (ii) violate any Applicable Law relating to the Credit Parties ACC or any of their its Subsidiaries, except to the extent that any such violation could not reasonably be expected to have a Material Adverse Effect, (iiiii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties ACC or any of their its Subsidiaries or any indenture material indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iiiiv) result in or require the creation or imposition of any material Lien upon or with respect to any material property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Acc Corp)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Loan Parties and their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Loan Parties or any of their Subsidiaries to obtain any Governmental Approval or approval of any other Person not otherwise already obtained or violate any Applicable applicable Law relating to the Credit Loan Parties or any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Loan Parties or any of their Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating 57 to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Credit Agreement (Wausau Paper Corp.)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties Borrowers and their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties Borrowers or any of their Subsidiaries to obtain any Governmental Approval or approval of any other Person not otherwise already obtained or violate any Applicable Law relating to the Credit Parties Borrowers or any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties Borrowers or any of their Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien (other than a Lien permitted under Section 9.2) upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties ACC and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) except as set forth on Schedule 6.1(d) hereto, require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or Approval, (ii) violate any Applicable Law relating to the Credit Parties ACC or any of their its Subsidiaries, except to the extent that any such violation could not reasonably be expected to have a Material Adverse Effect, (iiiii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties ACC or any of their its Subsidiaries or any indenture material indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iiiiv) result in or require the creation or imposition of any material Lien upon or with respect to any material property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Acc Corp)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties and their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties or any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties or any of their Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such Person.. (e)

Appears in 1 contract

Samples: Day Credit Agreement (Jones Apparel Group Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by each of the Credit Parties and their its Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their its Subsidiaries to obtain any Governmental Approval or approval of any other Person not otherwise already obtained or violate any Applicable Law relating to the Credit Parties or any of their its Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Parties or any of their its Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien (other than a Lien permitted under Section 9.2) upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Loan Parties and their Subsidiaries of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings Borrowings hereunder and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Loan Parties or any of their Subsidiaries to obtain any Governmental Approval or approval of any other Person not otherwise already obtained or violate any Applicable applicable Law relating to the Credit Loan Parties or any of their Subsidiaries, (ii) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of the Credit Loan Parties or any of their Subsidiaries or any indenture or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such Person.

Appears in 1 contract

Samples: Credit Agreement (Wausau Paper Corp.)

Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Credit Parties each Borrower and their Subsidiaries each Subsidiary thereof of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder Extensions of Credit hereunder, the granting of the Liens under the Security Documents and the transactions contemplated hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any of the Credit Parties or any of their Subsidiaries to obtain any Governmental Approval not otherwise already obtained or violate any Applicable Law relating to the Credit Parties any Borrower or any of their SubsidiariesSubsidiary thereof, (ii) conflict with, result in a breach of or constitute a default under (A) the articles of incorporation, bylaws or other organizational documents of the Credit Parties any Borrower or any of their Subsidiaries Subsidiary thereof or (B) any indenture indenture, agreement or other material agreement or instrument to which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person except as which could not reasonably be expected to have a Material Adverse Effect, or (iii) result in or require the creation or imposition of any material Lien upon or with respect to any property now owned or hereafter acquired by such PersonPerson other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Duratek Inc)

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