Common use of Compliance with Applicable Laws; Licenses, etc Clause in Contracts

Compliance with Applicable Laws; Licenses, etc. (a) Each of Borrower and Servicer is in compliance with the requirements of all applicable laws, rules, regulations, and orders of all governmental authorities, a breach of any of which, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Dixie Group Inc), Loan Agreement (Central Freight Lines Inc/Tx)

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Compliance with Applicable Laws; Licenses, etc. (a) Each of Borrower and Master Servicer is in compliance with the requirements of all applicable laws, rules, regulations, and orders of all governmental authorities, a breach of any of which, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Baldor Electric Co), Loan Agreement (Covenant Transport Inc)

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Compliance with Applicable Laws; Licenses, etc. (ai) Each of Borrower the Borrower, the Depositor, the Servicer and Servicer the Seller is in compliance with the requirements of all applicable laws, rules, regulations, and orders of all governmental authoritiesLaws, a breach of any of which, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Oportun Financial Corp)

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