Compliance with Agreement, Basic Documents and Applicable Law Sample Clauses
This clause requires all parties to adhere to the terms of the agreement, any related foundational documents, and all relevant laws and regulations. In practice, it obligates parties to ensure their actions and obligations under the contract do not violate the agreement itself, any referenced or supporting documents, or applicable legal requirements such as statutes or regulatory rules. The core function of this clause is to promote legal and contractual compliance, thereby reducing the risk of breaches and ensuring the enforceability and integrity of the agreement.
Compliance with Agreement, Basic Documents and Applicable Law. The Servicer shall comply with its obligations under this Agreement and the other Servicer Basic Documents. The Servicer shall comply with all Applicable Law where the failure to do so could reasonably be expected to have a Material Adverse Effect.
