Common use of Lawful Operations, etc Clause in Contracts

Lawful Operations, etc. The Borrower and each of its Subsidiaries (i) holds all necessary federal, state and local governmental licenses, registrations, certifications, permits and authorizations necessary to conduct its business, and (ii) is in full compliance with all material requirements imposed by law, regulation or rule, whether federal, state or local, which are applicable to it, its operations, or its properties and assets, including without limitation, applicable requirements of Environmental Laws, except for any failure to obtain and maintain in effect, or noncompliance, which, individually or in the aggregate, is not reasonably likely to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Royal Appliance Manufacturing Co), Credit Agreement (Healthcare Recoveries Inc), Credit Agreement (Trover Solutions Inc)

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Lawful Operations, etc. The Borrower and each of its Subsidiaries (i) holds all necessary federal, state and local governmental licenses, registrations, certifications, permits and authorizations necessary to conduct its business, and (ii) is in full compliance with all material requirements imposed by law, regulation or rule, whether federal, state or local, which are applicable to it, its operations, or its properties and assets, including without limitation, applicable requirements of Environmental Laws, except EXCEPT for any failure to obtain and maintain in effect, or noncompliance, which, individually or in the aggregate, is could not reasonably likely be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Hawk Corp), Credit Agreement (Value City Department Stores Inc /Oh), Credit Agreement (Value City Department Stores Inc /Oh)

Lawful Operations, etc. The Borrower and each of its Subsidiaries (i) holds all necessary federal, state and local governmental licenses, registrations, certifications, permits and authorizations necessary to conduct its business, and (ii) is in full compliance with all material requirements imposed by law, regulation or rule, whether federal, state or local, which are applicable to it, its operations, or its properties and assets, including without limitation, applicable requirements of Environmental Laws, except for any failure to obtain and maintain in effect, or noncompliance, which, individually or in the aggregate, is could not reasonably likely be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Convertible Loan Agreement (Value City Department Stores Inc /Oh)

Lawful Operations, etc. The Borrower and each of its Subsidiaries (i) holds all necessary federal, state and local governmental licenses, registrations, certifications, permits and authorizations necessary to conduct its business, and (ii) is in full compliance with all material requirements imposed by law, regulation or rule, whether federal, state or local, which are applicable to it, its operations, or its properties and assets, including without limitation, applicable requirements of Environmental Laws, except for any failure to obtain and maintain in effect, or noncompliance, which, individually or in the aggregate, is could not reasonably likely be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Miami Computer Supply Corp)

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Lawful Operations, etc. The Borrower Each of the Borrowers and each of its the Subsidiaries (i) holds all necessary federal, state and local governmental licenses, registrations, certifications, permits and authorizations necessary to conduct its business, and (ii) is in full compliance with all material requirements imposed by law, regulation or rule, whether federal, state or local, which are applicable to it, its operations, or its properties and assets, including without limitation, applicable requirements of Environmental Laws, except EXCEPT for any failure to obtain and maintain in effect, or noncompliance, which, individually or in the aggregate, is could not reasonably likely be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

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