Common use of Compliance with Law and Other Agreements Clause in Contracts

Compliance with Law and Other Agreements. Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations in the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound, including each Franchise Agreement, the Development Agreement and the LLC Agreement.

Appears in 2 contracts

Samples: Revolving Loan Agreement (O Charleys Inc), Revolving Loan Agreement (O Charleys Inc)

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Compliance with Law and Other Agreements. Borrower The Debtors shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations in and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is the Debtors are a party or by which Borrower the Debtors or any of its their properties is are bound, including each Franchise Agreement. Without limiting the foregoing, the Development Agreement and Debtors shall pay all of their indebtedness promptly in accordance with the LLC Agreementterms thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Charys Holding Co Inc)

Compliance with Law and Other Agreements. Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations in the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound, including each Franchise Agreement, the Development Agreement and the LLC Agreement.

Appears in 1 contract

Samples: Loan Agreement (National Health Realty Inc)

Compliance with Law and Other Agreements. Borrower shall maintain its business operations and property owned or used in connection therewith (including the Collateral) in compliance with (aA) all applicable federal, state and local laws, regulations regulations, rules, guidelines, ordinances, decrees and ordinances governing such business operations in the use and ownership of such property, orders and (bB) all material agreements, licenses, franchises, indentures indentures, deeds of trust, mortgages and mortgages other agreements to which Borrower is a party or by which Borrower or any of its properties is bound, including each Franchise Agreement, the Development Agreement and the LLC Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (HMS Income Fund, Inc.)

Compliance with Law and Other Agreements. Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations in and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, including each Franchise Agreement, Borrower shall pay all of its indebtedness promptly in accordance with the Development Agreement and the LLC Agreementterms thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Radio Systems Corp)

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Compliance with Law and Other Agreements. Borrower shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations in and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower is a party or by which Borrower or any of its properties is bound. Without limiting the foregoing, including each Franchise Agreement, Borrower will pay all of its indebtedness promptly in accordance with the Development Agreement and the LLC Agreementterms thereof.

Appears in 1 contract

Samples: Loan Agreement (Bethlehem Corp)

Compliance with Law and Other Agreements. Borrower shall maintain its business operations and property owned or used in connection therewith (including the Collateral) in compliance with (aA) all applicable federal, state and local laws, regulations regulations, rules, guidelines, ordinances, decrees and ordinances governing such business operations in the use and ownership of such propertyorders, including applicable Environmental Laws and (bB) all agreements, licenses, franchises, indentures indentures, deeds of trust, mortgages and mortgages other agreements to which Borrower is a party or by which Borrower or any of its properties is bound, including each Franchise Agreement, the Development Agreement and the LLC Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Business Development Corp of America)

Compliance with Law and Other Agreements. Borrower The Debtor shall maintain its business operations and property owned or used in connection therewith in compliance with (a) all applicable federal, state and local laws, regulations and ordinances governing such business operations in and the use and ownership of such property, and (b) all agreements, licenses, franchises, indentures and mortgages to which Borrower the Debtor is a party or by which Borrower the Debtor or any of its properties is bound, including each Franchise Agreement, except where the Development Agreement and the LLC Agreementfailure to so comply would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Smartire Systems Inc)

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