Common use of Legality of Transactions Clause in Contracts

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Agent and each Lender to perform any of its agreements or obligations under any of the Loan Documents, or (ii) for Borrower to perform any of its agreements or obligations under any of the Loan Documents.

Appears in 17 contracts

Samples: Credit Agreement (Romacorp Inc), Credit Agreement (Baldwin Piano & Organ Co /De/), Credit Agreement (Romacorp Inc)

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Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Agent and each Lender to perform any of its their agreements or obligations under any of the Loan Documents, or (ii) for Borrower Borrowers to perform any of its their agreements or obligations under any of the Loan Documents.

Appears in 9 contracts

Samples: Credit Agreement (Successories Inc), Credit Agreement (Successories Inc), Credit Agreement (Successories Inc)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Agent and each Lender to perform any of its agreements or obligations under any of the Loan Documents, or (ii) for Borrower to perform any of its agreements or obligations under any of the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Clearview Cinema Group Inc), Credit Agreement (Us Home & Garden Trust I)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Agent and each or any Lender to perform any of its agreements or obligations under any of the Loan Documents, Documents to which it is a party on the Closing Date; or (ii) for any Borrower to perform any of its agreements or obligations under any of the Loan DocumentsDocuments to which it is a party on the Closing Date.

Appears in 2 contracts

Samples: Loan Agreement (Omega Healthcare Investors Inc), Credit Agreement (Eco Soil Systems Inc)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (ia) for any of the Banks or the Agent and each Lender to perform any of its agreements or obligations under any of the Loan Documents, Documents to which any of them is a party on the Effective Date or (iib) for Borrower any Person (other than the Agent or the Banks) to perform any of its their respective agreements or obligations under any of the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Rottlund Co Inc), Credit Agreement (Rottlund Co Inc)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (ia) for any Bank or the Agent and each Lender to perform any of its agreements or obligations under any of the Loan Documents, Documents to which any such Person is a party on the Effective Date or (iib) for any Borrower or any of its Subsidiaries to perform any of its agreements or obligations under any of the Loan DocumentsDocuments or the Acquisition Documents to which it is a party on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Xomed Surgical Products Inc)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (ia) for any Bank or the Agent and each Lender to perform any of its agreements or obligations under any of the Loan Documents, Documents to which any such Person is a party on the Effective Date or (iib) for the Borrower to perform any of its material agreements or obligations under any of the Loan DocumentsDocuments to which it is a party on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Raytel Medical Corp)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for the Administrative Agent and each or any Lender to perform any of its agreements or obligations under any of the Loan Documents, Documents to which it is a party on the Closing Date; or (ii) for the Borrower or the Management Company to perform any of its agreements or obligations under any of the Loan DocumentsDocuments to which it is a party on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (First Union Real Estate Equity & Mortgage Investments)

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Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for the Administrative Agent and each or any Lender to perform any of its agreements or obligations under any of the Loan Documents, Documents to which it is a party on the Initial Borrowing Date; or (ii) for the Borrower or the Management Company to perform any of its agreements or obligations under any of the Loan DocumentsDocuments to which it is a party on the Initial Borrowing Date.

Appears in 1 contract

Samples: Credit Agreement (First Union Real Estate Equity & Mortgage Investments)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Agent and each Lender to perform any of its agreements or obligations under any of the Loan Documents, or (ii) for any Borrower to perform any of its agreements or obligations under any of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Clearview Cinema Group Inc)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for the Agent and each Lender or any Bank to perform any of its agreements or obligations hereunder or under Amended Credit Agreement or any other Loan Document (giving effect to the transactions described herein) on or as of the Loan Documents, Effective Date; or (ii) for Borrower to perform any of its agreements or obligations hereunder or under the Amended Credit Agreement or any of the Loan DocumentsDocument.

Appears in 1 contract

Samples: Credit Agreement (Associated Estates Realty Corp)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Agent and each or any Lender to perform any of its respective agreements or obligations under any of the Loan Documents, or (ii) for any Borrower to perform any of its respective agreements or obligations under any of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Eco Soil Systems Inc)

Legality of Transactions. No change in applicable law shall have occurred as a consequence of which it shall have become and continue to be unlawful unlawful, (i) for Agent and each Lender to perform any of its their agreements or obligations under any of the Loan Documents, or (ii) for Borrower Borrowers to perform any of its their agreements or obligations under any of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Successories Inc)

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