Common use of Compliance with the Law Clause in Contracts

Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 9 contracts

Samples: Credit Agreement (Castle Dental Centers Inc), Credit Agreement (Castle Dental Centers Inc), Credit Agreement (Kinder Morgan Energy Partners Lp)

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Compliance with the Law. Neither the Borrower Company nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Newfield Exploration Co /De/), Warrant Purchase Agreement (Heller Financial Inc), Warrant Purchase Agreement (Midwest Mezzanine Fund Ii Lp)

Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would could reasonably be expected to have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 5 contracts

Samples: First Lien Credit Agreement (Wca Waste Corp), Credit Agreement (Wca Waste Corp), Credit Agreement (Wca Waste Corp)

Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would could reasonably be expected to have (in the -55- event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Wca Waste Corp)

Compliance with the Law. Neither the Borrower nor any Restricted Subsidiary has violated any Governmental Requirement in any material respect or failed to obtain any license, permit, franchise or other governmental authorization reasonably necessary for the ownership of any of its Properties or the conduct of its business, which violation business as it is currently being conducted or failure would have (proposed to be conducted in the event future. All such violation licenses, permits, franchises or failure were asserted by any Person through appropriate action) a Material Adverse Effectother governmental authorizations are currently in full force and effect.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Callon Petroleum Co)

Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure has not been cured or barred by statute and would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Transcoastal Marine Services Inc)

Compliance with the Law. Neither the US Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Universal Compression Inc)

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Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would could reasonably be expected to have (in the Revolving Credit Agreement – Page 54 event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wca Waste Corp)

Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.were

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Compliance with the Law. Neither the Borrower nor any Subsidiary has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect.Adverse

Appears in 1 contract

Samples: Credit Agreement (Brigham Exploration Co)

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