Common use of Leases Clause in Contracts

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 165 contracts

Sources: Loan and Security Agreement (Advanced Flower Capital Inc.), Credit Agreement (Rezolve Ai PLC), Credit Agreement (Hudson Technologies Inc /Ny)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 17 contracts

Sources: Credit Agreement (Unifi Inc), Credit Agreement (Kronos Worldwide Inc), Credit Agreement (Unifi Inc)

Leases. Each Loan Party and each of its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries the applicable Subsidiary exists under any of them.

Appears in 12 contracts

Sources: Term Loan and Security Agreement (Genasys Inc.), Credit and Security Agreement (IES Holdings, Inc.), Purchase Money Loan and Security Agreement (SAExploration Holdings, Inc.)

Leases. Each Loan Party and its Restricted Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Restricted Subsidiaries exists under any of them.

Appears in 9 contracts

Sources: Second Lien Seller Term Loan Credit Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Thryv Holdings, Inc.), Second Lien Seller Term Loan Credit Agreement (Forum Energy Technologies, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 7 contracts

Sources: Credit Agreement (VOXX International Corp), Credit Agreement (VOXX International Corp), Credit Agreement (VOXX International Corp)

Leases. Each Except as would not result in a Material Adverse Change, each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Proteststhe extent being Properly Contested, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 6 contracts

Sources: Credit Agreement (BOISE CASCADE Co), Credit Agreement (BOISE CASCADE Co), Credit Agreement (BOISE CASCADE Co)

Leases. Each The Loan Party and its Subsidiaries Parties enjoy peaceful and undisturbed possession under all leases material to their the business of the Loan Parties and to which they the Loan Parties are parties a party or under which they the Loan Parties are operating, and, subject to Permitted Protests, all . All of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries Parties exists under any of them.

Appears in 5 contracts

Sources: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (Numatics Inc)

Leases. Each Loan Party Parties and its their Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, operating and all of such material leases are valid and subsisting and no material default by the applicable Loan Party Parties or its their Subsidiaries exists under any of them.

Appears in 4 contracts

Sources: Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Take Two Interactive Software Inc)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their the business and to which they are parties or under which they are operatingof the Loan Parties, taken as a whole, and, subject to Permitted Protests, all of such material leases are valid and subsisting and and, except as set forth on Schedule 4.14, no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 4 contracts

Sources: Credit Agreement (Hampshire Group LTD), Credit Agreement (Hampshire Group LTD), Credit Agreement (Hampshire Group LTD)

Leases. Each Loan Party and its Subsidiaries (and with respect to Immaterial Subsidiaries, to Borrower’s actual knowledge) enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 3 contracts

Sources: Credit Agreement (Asure Software Inc), Credit Agreement (Asure Software Inc), Credit Agreement (Asure Software Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them, in each case except where the same would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Sources: Credit Agreement (GoPro, Inc.), Credit Agreement (GoPro, Inc.), Credit Agreement (GoPro, Inc.)

Leases. Each Secured Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Secured Loan Party or its Subsidiaries exists under any of them.

Appears in 3 contracts

Sources: Credit Agreement (Renewable Energy Group, Inc.), Credit Agreement (Renewable Energy Group, Inc.), Credit Agreement (Renewable Energy Group, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default beyond any applicable cure period by the applicable Loan Party or its Subsidiaries exists under any of themthem where such default has or could reasonably be expected to have a Material Adverse Change.

Appears in 3 contracts

Sources: Credit Agreement (Colt Defense LLC), Credit Agreement (Colt Finance Corp.), Credit Agreement (Colt Defense LLC)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no Loan Party has received written notice asserting a material default by the applicable Loan Party or its Subsidiaries exists under any of themwhich remains uncured.

Appears in 3 contracts

Sources: Credit Agreement (Farmer Brothers Co), Credit Agreement (Farmer Brothers Co), Credit Agreement (Farmer Brothers Co)

Leases. Each In each case except as could not reasonably be expected to have a Material Adverse Effect, each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 3 contracts

Sources: First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc), First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc), Credit Agreement (Orasure Technologies Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them, except as could not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Sources: Credit Agreement (Egalet Corp), Credit Agreement (Pernix Therapeutics Holdings, Inc.), Credit Agreement (Pernix Therapeutics Holdings, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them, except to the extent any impairment under such leases could not reasonably be expected to cause, individually or in the aggregate, a Material Adverse Change.

Appears in 2 contracts

Sources: Credit Agreement (Watsco Inc), Credit Agreement (Watsco Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem except where any such default could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (API Technologies Corp.), Credit Agreement (API Technologies Corp.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operatingoperating (or any replacement leases therefor entered into in the ordinary course of business), and, subject to Permitted Protests, all of such material leases (or replacement leases) are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 2 contracts

Sources: Credit Agreement (Appfolio Inc), Credit Agreement (Appfolio Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.and

Appears in 2 contracts

Sources: Credit Agreement (Nautilus, Inc.), Credit Agreement (Titan Machinery Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business taken as a whole and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem that would entitle the counterparty thereto, with the giving of notice and/or the passage of time, to terminate any such material lease.

Appears in 2 contracts

Sources: Credit Agreement (Stream Global Services, Inc.), Credit Agreement (Stream Global Services, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their its business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and and, to any Loan Party’s knowledge, no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 2 contracts

Sources: Credit Agreement (FleetMatics Group PLC), Credit Agreement (FleetMatics Group PLC)

Leases. Each Loan Party and its Subsidiaries (other than Excluded Subsidiaries) enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 2 contracts

Sources: Credit Agreement (TrueBlue, Inc.), Credit Agreement (TrueBlue, Inc.)

Leases. Each Loan Party and its Domestic Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 2 contracts

Sources: Credit Agreement (Stanadyne Holdings, Inc.), Exim Guarantied Credit Agreement (Stanadyne Holdings, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 2 contracts

Sources: Credit Agreement (Inventure Foods, Inc.), Credit Agreement (Inventure Foods, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them, except in each case to the extent it could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Tessco Technologies Inc), Credit Agreement (Tessco Technologies Inc)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases (other than the Ground Leases) material to their the business of such Loan Party and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all . All of such material leases are valid and subsisting and no material default by the applicable such Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Loan and Security Agreement (Dairy Mart Convenience Stores Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and to the Borrowers’ knowledge, no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Tronox Inc)

Leases. . Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no Loan Party has received written notice asserting a material default by the applicable Loan Party or its Subsidiaries exists under any of themwhich remains uncured.

Appears in 1 contract

Sources: Credit Agreement (Farmer Brothers Co)

Leases. Each Loan Party and its Subsidiaries Parties enjoy peaceful and undisturbed possession under all leases material to their the business of Loan Parties and to which they Loan Parties are parties a party or under which they Loan Parties are operating, and, subject to Permitted Protests, all . All of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries Parties exists under any of them.

Appears in 1 contract

Sources: Loan and Security Agreement (Outsourcing Services Group Inc)

Leases. Each Loan Party and its Material Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Material Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (CDC Software CORP)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem that would permit the lessor thereunder, with the giving of notice and/or passage of time, to terminate any such material lease.

Appears in 1 contract

Sources: Credit Agreement (Avid Technology, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business (including the Data Center Leases) and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem except, with respect only to such leases that are not Data Center Leases, any default which could not reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Internap Network Services Corp)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Energy Services Corp)

Leases. Each Loan Party and each of its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their its business and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, and all of such material leases are valid and subsisting and no material default by the applicable any Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Term Loan Agreement (Sevcon, Inc.)

Leases. Each Loan Party and each of its Subsidiaries (other than any Excluded Subsidiary) enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries the applicable Subsidiary exists under any of them.

Appears in 1 contract

Sources: Credit and Security Agreement (SAExploration Holdings, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem (other than defaults, the enforcement of which is stayed by virtue of the Proceedings).

Appears in 1 contract

Sources: Credit Agreement (Angiotech Pharmaceuticals Inc)

Leases. Each Loan Party and each of its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries the applicable Subsidiary exists under any of them.

Appears in 1 contract

Sources: Credit and Security Agreement (Kitara Media Corp.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all Real Property leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Us Xpress Enterprises Inc)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases necessary for or material to their business business, when taken as a whole, and to which they are parties or under which they are operating, and, subject to Permitted Protests, and all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Abl Credit Agreement

Leases. Each Loan Party and each of its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Upland Software, Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to the continued operation of their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Usa Truck Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases (including, without limitation, leases of drydocks) material to their business business, when taken as a whole, and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (American Commercial Lines Inc.)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themthem that could reasonably be expected to result in the termination thereof.

Appears in 1 contract

Sources: Credit Agreement (THQ Inc)

Leases. Each Such Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their the business of such Loan Party and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all . All of such material leases are valid and subsisting and no material default by the applicable such Loan Party or its Subsidiaries exists under any of them, which are not otherwise stayed by operation of law.

Appears in 1 contract

Sources: Loan and Security Agreement (Archibald Candy Corp)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and a nd subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Nautilus, Inc.)

Leases. Each Loan Party and its Restricted Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Restricted Subsidiaries exists under any of them, in each case, except to the extent such matters could not reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Exide Technologies)

Leases. Each Loan Party Borrower Parties and its their Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business businesses and to which they are parties or under which they are operating, and, subject to Permitted Protests, all . All of such material leases are valid and subsisting and no material default by Borrower Parties or their Subsidiaries (or, to the applicable Loan Party or its Subsidiaries knowledge of Borrower Parties, by the lessors thereunder) exists under any of them.

Appears in 1 contract

Sources: Loan Agreement (Foster Wheeler LTD)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their its business and to which they are parties it is party or under which they are it is operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Advanced Micro Devices Inc)

Leases. Each Borrower and each other Loan Party and its their respective Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by any Borrower or the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Focus Venture Partners, Inc)

Leases. Each The Loan Party and its Subsidiaries Parties enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Proteststhe Loan Parties’ knowledge, all of such material leases are valid and subsisting and no material default by the applicable any Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Loan and Security Agreement (Lazy Days R.V. Center, Inc.)

Leases. Each Loan Party and its Domestic Subsidiaries enjoy peaceful and undisturbed possession under all Real Property leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Domestic Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Advanced Energy Industries Inc)

Leases. Each Loan Party and its Subsidiaries enjoy enjoys peaceful and undisturbed possession under of all leases necessary in any material to respect for the operation of their business respective businesses properties and to assets, none of which they are parties contains any unusual or under burdensome provisions which they are operating, and, subject to Permitted Protests, all might materially affect or impair the operation of such material properties and assets. All such leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of themare in full force and effect.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Loan Agreement (First Trinity Financial CORP)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, and all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (SAVVIS, Inc.)

Leases. Each Loan Party Parties and its their Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, operating and all of such material leases are valid and subsisting and no material default by the applicable Loan Party Parties or its their Subsidiaries exists under any of them, unless such default is the subject of a Permitted Protest or could not be expected to result in a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (MSX International Inc)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business where Collateral is located and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Erickson Air-Crane Inc.)

Leases. Each Loan Party and each of its Subsidiaries enjoy enjoys peaceful and undisturbed possession under all leases material to their its respective business and to which they are parties it is a party or under which they are it is operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Actuate Corp)

Leases. Each In each case, except as could not reasonably be expected to have a Material Adverse Effect, each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Jakks Pacific Inc)

Leases. Each Except as could not reasonably be expected to result in a Material Adverse Effect, each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (AerSale Corp)

Leases. Each Loan Party Parties and its the Significant Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, operating and all of such material leases are valid and subsisting and no material default by Loan Parties and the applicable Loan Party or its Significant Subsidiaries exists under any of them.

Appears in 1 contract

Sources: Credit Agreement (Sitel Corp)

Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them. DB1/ 133650928.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Nautilus, Inc.)