Common use of Compliance with Statutes Clause in Contracts

Compliance with Statutes. The Borrower and its Subsidiaries are in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permits, licenses and other necessary authorizations with respect to the conduct of their businesses and the ownership and operation of their properties except where the failure to so comply or hold such permits, licenses or other authorizations could not reasonably be expected to have a Material Adverse Effect.

Appears in 7 contracts

Samples: Credit Agreement (Palex Inc), Stock Pledge Agreement (Quanta Services Inc), Stock Pledge Agreement (Quanta Services Inc)

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Compliance with Statutes. The Each of the Borrower and its Subsidiaries are is in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permitsbodies, licenses and other necessary authorizations with domestic or foreign, in respect to of the conduct of their businesses its business and the ownership of its property, except such non-compliance as has not had, and operation of their properties except where the failure to so comply or hold such permits, licenses or other authorizations could is not reasonably be expected likely to have have, individually or in the aggregate, a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)

Compliance with Statutes. The Borrower and its Subsidiaries ------------------------ are in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permits, licenses and other necessary authorizations with respect to the conduct of their businesses and the ownership and operation of their properties except where the failure to so comply or hold such permits, licenses or other authorizations could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Secured Credit Agreement (Quanta Services Inc), Secured Credit Agreement (Palex Inc)

Compliance with Statutes. The Borrower and its Subsidiaries are in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permits, licenses and other necessary authorizations with respect to the conduct of their businesses and the ownership and operation of their properties except where the failure to so comply or hold such permits, licenses or other authorizations authorizations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (York Group Inc \De\), Credit Agreement (York Group Inc \De\)

Compliance with Statutes. The Borrower Borrowers and its their Subsidiaries are in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permitsbodies, licenses and other necessary authorizations with domestic or foreign, in respect to of the conduct of their businesses its business and the ownership of its property, except such non-compliance as has not had, and operation of their properties except where the failure to so comply or hold such permits, licenses or other authorizations could is not reasonably be expected likely to have have, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Possession Credit Agreement (Fairpoint Communications Inc)

Compliance with Statutes. The Borrower and its Subsidiaries are in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permits, licenses and other necessary authorizations with respect to the conduct of their businesses and the ownership and operation of their properties except where the failure to so comply or hold such permits, licenses or other authorizations could not reasonably be expected to have a Material Adverse Effectproperties.

Appears in 1 contract

Samples: Credit Agreement (Elgin Technologies Inc)

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Compliance with Statutes. The Each of the Borrower and its Subsidiaries are is in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permitsbodies, licenses and other necessary authorizations with domestic or foreign, in respect to of the conduct of their businesses its business and the ownership and operation of their properties its property (including compliance with all applicable Environmental Laws), except where the failure to so comply or hold such permits, licenses or other authorizations could noncompliance as is not reasonably be expected to likely to, in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Highlands Insurance Group Inc)

Compliance with Statutes. The Each of the Borrower and its Subsidiaries are is in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permitsbodies, licenses and other necessary authorizations with domestic or foreign, in respect to of the conduct of their businesses its business and the ownership of its property (including applicable statutes, regulations, orders and operation of their properties restrictions relating to environmental standards and controls), except where such noncompliance as is not likely to, in the failure to so comply or hold such permitsaggregate, licenses or other authorizations could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Assignment Agreement (Frontier Insurance Group Inc)

Compliance with Statutes. The Each of the Borrower and its Subsidiaries are is in compliance in all material respects aspects with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all governmental bodies and have all necessary permitsGovernmental Authorities, licenses and other necessary authorizations with in respect to of the conduct of their businesses its business and the ownership of its Property (including compliance with all applicable Environmental Laws and operation the requirements of their properties except where the failure to so comply or hold any permits issued under such permits, licenses or other authorizations could not reasonably be expected to have a Material Adverse EffectEnvironmental Laws).

Appears in 1 contract

Samples: Credit Agreement (Nevsun Resources LTD)

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