Common use of Compliance of Agreement Clause in Contracts

Compliance of Agreement. Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the 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 Governmental Approval or violate any Applicable Law relating to the 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 Borrowers or any of their Subsidiaries, or under any indenture, agreement or other instrument to which such Person is a party or by which any of their properties may be bound, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Vermont Pure Holdings LTD)

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Compliance of Agreement. Loan Documents and Borrowing with Laws, ---------------------------------------------------------------- Etc. The execution, delivery and performance by the Borrowers Wilmar 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, hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to the Borrowers Wilmar 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 Borrowers Wilmar or any of their Subsidiaries, its Subsidiaries or under any indenture, agreement or other instrument to which such Person is a party or by which any of their its properties may be boundbound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Wilmar Industries Inc)

Compliance of Agreement. Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the Borrowers and their respective 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, hereby do not and will not, by the passage of time, the giving of notice or otherwise, ; (i) require any Governmental Approval or violate any Applicable Law relating to the Borrowers or any of their respective 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 Borrowers or any of their Subsidiaries, respective Subsidiaries or under any indenture, agreement or other instrument to which such Person is a party or by which any of their its properties may be bound, bound or any Governmental Approval relating to such Person; or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Imagemax Inc)

Compliance of Agreement. Loan Credit Documents and Borrowing with Laws, Etc. The Except as set forth in Schedule 5.1(d), the execution, delivery and performance by the Borrowers and their Subsidiaries each Credit Party of the Loan Credit Documents to which each such Person is a party, in accordance with their respective terms, the borrowings hereunder and the transactions contemplated hereby, hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law applicable law relating to the Borrowers any Credit Party 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 Borrowers any Credit Party or any of their Subsidiaries, its Subsidiaries or under any indenture, agreement or other instrument to which such Person is a party or by which any of their its properties may be boundbound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Horizon Personal Communications Inc)

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Compliance of Agreement. Loan Documents and Borrowing with Laws, Etc. The execution, delivery and performance by the 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, hereby do not and will not, by the passage of time, the giving of notice or otherwise, (i) require any Governmental Approval or violate any Applicable Law relating to the Borrowers any Borrower or any of their SubsidiariesSubsidiary thereof, (ii) conflict with, result in a breach of or constitute a default under the articles certificate of incorporation, bylaws or other organizational documents of the Borrowers any Borrower or any of their Subsidiaries, Subsidiary thereof or under any indenture, agreement or other instrument to which such Person is a party or by which any of their its properties may be boundbound or any Governmental Approval relating to such Person, or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Liens arising under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Cca Prison Realty Trust)

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