Common use of Compliance With Other Instruments; None Burdensome Clause in Contracts

Compliance With Other Instruments; None Burdensome. None of the Borrowers nor any Subsidiary of any of the Borrowers is a party to any contract or agreement or subject to any charter or other corporate restriction which materially and adversely affects its business, Property or financial condition and which is not disclosed on such Borrower's financial statements heretofore submitted to Bank; none of the execution and delivery by Borrowers of the Transaction Documents, the consummation of the transactions therein contemplated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on any of the Borrowers, or any of the provisions of any Borrower's Certificate or Articles of Incorporation or Bylaws or any of the provisions of any indenture, agreement, document, instrument or undertaking to which any of the Borrowers is a party or subject, or by which it or its Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction Documents.

Appears in 2 contracts

Samples: Credit Agreement (Virbac Corp), Credit Agreement (Agri Nutrition Group LTD)

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Compliance With Other Instruments; None Burdensome. None of the Borrowers Neither Borrower nor any Subsidiary of any of the Borrowers is a party to any contract contract, agreement, document or agreement instrument or subject to any charter or other corporate restriction which materially and adversely affects its business, Property or financial condition could reasonably be expected to have a Material Adverse Effect and which is not disclosed on such Borrower's ’s financial statements heretofore submitted to Bankthe Agent and each Lender; none of the execution and delivery by Borrowers Borrower of the Transaction Documents, the consummation of the transactions therein contemplated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on any of the BorrowersBorrower, or any of the provisions of any Borrower's the Certificate or Articles of Incorporation or Bylaws of Borrower or any of the provisions of any indenture, agreement, document, instrument or undertaking to which any of the Borrowers Borrower is a party or subject, or by which it Borrower or its any Property of Borrower is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank the Agent pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, or any other Person is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction Documents.

Appears in 2 contracts

Samples: Loan Agreement (Schiff Nutrition International, Inc.), Loan Agreement (Schiff Nutrition International, Inc.)

Compliance With Other Instruments; None Burdensome. None of Neither the Borrowers Borrower nor any Subsidiary of any of the Borrowers Borrower is a party to any contract or agreement or subject to any charter or other corporate restriction which materially and adversely affects its business, Property or financial condition and which is not disclosed on such the Borrower's financial statements heretofore submitted to Bankthe Agents and the Lenders; none of the execution and delivery by Borrowers the Borrower of the Transaction Documents, the consummation of the transactions therein contemplated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on any of the BorrowersBorrower, or any of the provisions of any Borrower's Certificate or Articles of Incorporation or Bylaws or any of the provisions of any indenture, agreement, document, instrument or undertaking to which any of the Borrowers Borrower is a party or subject, or by which it or its Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank Administrative Agent for the benefit of Lenders pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction Documents.

Appears in 2 contracts

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

Compliance With Other Instruments; None Burdensome. None of Neither the Borrowers Borrower nor any Subsidiary of any of the Borrowers Borrower is a party to any contract or agreement or subject to any charter or other corporate restriction which materially and adversely affects its business, Property or financial condition and which is not disclosed on such the Borrower's financial statements heretofore submitted to BankAgent and the Lenders; none of the execution and delivery by Borrowers the Borrower of the Transaction Documents, the consummation of the transactions therein contemplated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on any of the BorrowersBorrower, or any of the provisions of any Borrower's Certificate or Articles of Incorporation or Bylaws or any of the provisions of any indenture, agreement, document, instrument or undertaking to which any of the Borrowers Borrower is a party or subject, or by which it or its Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank Agent for the benefit of Lenders pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction Documents.

Appears in 2 contracts

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

Compliance With Other Instruments; None Burdensome. None of Neither the Borrowers Issuer nor any Subsidiary of any of the Borrowers is a party to any contract contract, agreement, document or agreement instrument or subject to any charter or other corporate corporate, limited liability company or other restriction which materially and adversely affects its business, Property or financial condition could reasonably be expected to have a Material Adverse Effect and which is not disclosed on such Borrower's in the financial statements heretofore submitted to Bankeach Purchaser; none of the execution and delivery by Borrowers the Issuer of the Transaction Operative Documents, the consummation of the transactions therein contemplated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on any of the BorrowersIssuer, or any of the provisions of the certificate of incorporation, operating agreement or bylaws of any Borrower's Certificate or Articles of Incorporation or Bylaws the Issuer or any of the provisions of any indenture, agreement, document, instrument or undertaking to which any of the Borrowers Issuer is a party or subject, or by which it the Issuer or its any Property of the Issuer is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank the Senior Agent pursuant to the Transaction Senior Bank Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, or any other Person is required to authorize, or is required in connection with, the execution, delivery or performance by the Issuer of, or the legality, validity, binding effect or enforceability of, any of the Transaction Operative Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aerocentury Corp)

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Compliance With Other Instruments; None Burdensome. None of the Borrowers Neither Borrower nor any Subsidiary of any of the Borrowers is a party to any contract or agreement or subject to any charter or other corporate or other restriction which materially and adversely affects its business, Property or financial condition could have a Material Adverse Effect and which is not disclosed on such Borrower's or any Subsidiary's financial statements heretofore submitted to Bankthe Banks; none of neither the execution and delivery by Borrowers Borrower and the Subsidiaries of the Transaction Documents, Documents nor the consummation of the transactions therein contemplated has violated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on Borrower or any of the BorrowersSubsidiary, or any of the provisions of any Borrower's or any Subsidiary's Certificate or Articles of Incorporation or Bylaws or any of the provisions of any indenture, agreement, document, instrument or undertaking to which Borrower or any of the Borrowers Subsidiary is a party or subject, or by which it or its Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank the Agent and/or the Banks pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authorityGovernmental Authority, or any subdivision thereof, other Person is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction DocumentsDocuments that has not already been obtained.

Appears in 1 contract

Samples: Revolving Credit Agreement (Halter Marine Group Inc)

Compliance With Other Instruments; None Burdensome. None of the Borrowers Neither Borrower nor any Subsidiary of any of the Borrowers is a party to any contract or agreement or subject to any charter or other corporate or other restriction which materially and adversely affects its business, Property or financial condition could reasonably be expected to have a Material Adverse Effect and which is not disclosed on such Borrower's or any Subsidiary=s financial statements heretofore submitted to Bankthe Banks; none of neither the execution and delivery by Borrowers Borrower and the Subsidiaries of the Transaction Documents, Documents nor the consummation of the transactions therein contemplated has violated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on Borrower or any of the BorrowersSubsidiary, or any of the provisions of any Borrower's or any Subsidiary's Certificate or Articles of Incorporation or Bylaws or any of the provisions of any indenture, agreement, document, instrument or undertaking to which Borrower or any of the Borrowers Subsidiary is a party or subject, or by which it or its Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank the Agent and/or the Banks pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authorityGovernmental Authority, or any subdivision thereof, other Person is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction DocumentsDocuments that has not already been obtained.

Appears in 1 contract

Samples: Revolving Credit Agreement (Superior Energy Services Inc)

Compliance With Other Instruments; None Burdensome. None of Neither the Borrowers Borrower nor any Subsidiary of any of the Borrowers Borrower is a party to any contract or agreement or subject to any charter or other corporate restriction which materially and adversely affects its business, any material Property or financial condition and which is not disclosed on such the Borrower's financial statements heretofore submitted to BankAgent and the Banks; none of the execution and delivery by Borrowers the Borrower of the Transaction Documents, the consummation of the transactions therein contemplated or the compliance with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on any of the BorrowersBorrower, or any of the provisions of any Borrower's Certificate or Articles of Incorporation or Bylaws or any of the provisions of any material indenture, agreement, document, instrument or undertaking to which any of the Borrowers Borrower is a party or subject, or by which it or its material Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of Bank Agent for the benefit of Banks pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction DocumentsDocuments except those previously obtained or the filings contemplated hereby.

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

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