Common use of Legal Bar Clause in Contracts

Legal Bar. The execution, delivery and performance of each of the Loan Documents and the borrowings and other extensions of credit hereunder and the use of the proceeds thereof, will not violate any of the Requirements of Law or Contractual Obligations of the Borrower or its Subsidiaries, and will not result in, or require the creation or imposition of, any Lien on any of its respective properties or revenues pursuant to any Requirements of Law or Contractual Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Nu Horizons Electronics Corp), Control Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp)

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Legal Bar. The execution, delivery and performance of each of the --------- Loan Documents and the borrowings and other extensions of credit hereunder and the use of the proceeds thereof, will not violate any of the Requirements of Law or Contractual Obligations of the Borrower or its Subsidiaries, and will not result in, or require the creation or imposition of, of any Lien on any of its respective properties or revenues pursuant to any Requirements of Law or Contractual ObligationsObligations except those in favor of the Banks as provided herein.

Appears in 1 contract

Samples: Loan Agreement (Nu Horizons Electronics Corp)

Legal Bar. The execution, delivery and performance of each of --------- the Loan Documents and the borrowings and other extensions of credit hereunder and the use of the proceeds thereof, will not violate any of the Requirements of Law or Contractual Obligations of the Borrower or its Subsidiaries, and will not result in, or require the creation or imposition of, of any Lien on any of its respective properties or revenues pursuant to any Requirements of Law or Contractual ObligationsObligations except those in favor of the Banks as provided herein.

Appears in 1 contract

Samples: Agreement (Nu Horizons Electronics Corp)

Legal Bar. The execution, delivery and performance of each of the --------- Loan Documents and the borrowings and other extensions of credit hereunder and the use of the proceeds thereof, will not violate any of the Requirements of Law or Contractual Obligations of the Borrower or its Subsidiaries, and will not result in, or require the creation or imposition of, of any Lien on any of its respective properties or revenues pursuant to any Requirements of Law or Contractual ObligationsObligations except those in favor of the Lenders as provided herein.

Appears in 1 contract

Samples: Loan Agreement (Nu Horizons Electronics Corp)

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Legal Bar. The execution, delivery and performance of each of the --------- Loan Documents and the borrowings and other extensions of credit hereunder and the use of the proceeds thereof, will not violate any of the Requirements of Law or Contractual Obligations of the Borrower or its Subsidiaries, and will not result in, or require the creation or imposition of, any Lien on any of its respective properties or revenues pursuant to any Requirements of Law or Contractual Obligations.

Appears in 1 contract

Samples: Credit Agreement (Nu Horizons Electronics Corp)

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