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 (a) for any Bank to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc), Credit Agreement (Hasbro Inc)

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Legality of Transactions. No change in applicable law or regulation shall have occurred as a consequence of which it shall have become and continue to be unlawful (a) for the Borrower, any Bank other member of the Borrower Affiliated Group, the Administrative Agent or any of the Banks to perform any of its their agreements or obligations under any of the Loan Documents to which it is they are a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Barnes & Noble Inc), Revolving Credit Agreement (Gamestop Corp), Revolving Credit Agreement (Gamestop 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 (a) for Lender to perform any of their agreements or obligations under this Agreement, the Note, or under any of the other Loan Documents, or for any Bank Credit Party to perform any of its agreements or obligations under any of this Agreement, the Loan Documents to which it is a party on the Effective Date Note, or (b) for the Company to perform any of its material agreements or obligations under any of the other Loan Documents to which it is a party on the Effective Date.Documents;

Appears in 3 contracts

Samples: Senior Credit Agreement (Streamline Health Solutions Inc.), Senior Credit Agreement (Streamline Health Solutions Inc.), Subordinated Credit Agreement (Streamline Health Solutions 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: (ai) for Agent, LC Issuer or any Bank Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Closing Date; or (bii) for the Company any Borrower or any Guarantor to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.;

Appears in 2 contracts

Samples: Credit Agreement (Industrial Services of America Inc /Fl), Credit Agreement (Industrial Services of America Inc /Fl)

Legality of Transactions. No change in applicable law or regulation ------------------------ shall have occurred as a consequence of which it shall have become and continue to be unlawful (a) for any the Bank to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Closing Date, or (b) for the Company or any of its Subsidiaries to perform any of its material their respective agreements or obligations under any of the Loan Documents to which it is they are a party on the Effective Closing Date.

Appears in 2 contracts

Samples: Security Agreement (Tier Technologies Inc), Revolving Credit Agreement (Tier Technologies 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 (a) for any Bank Lender or the Administrative Agent to perform any of its agreements or obligations under any of the Loan Documents to which any such Person is a party on the Closing Date or (b) for any Obligor or any of its Subsidiaries to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Baker J Inc), Credit Agreement (Baker J 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 (a) for any Bank Lender or the Administrative Agent to perform any of its agreements or obligations under any of the Loan Documents to which any such Person is a party on the Effective Date or (b) for either Borrower or any of its Subsidiaries to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Starter Corp), Credit Agreement (Starter 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 (ai) for any Bank Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Closing Date; or (bii) for the Company Borrower to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 2 contracts

Samples: Loan Agreement (Unifund Financial Technologies, Inc.), Loan Agreement (Unifund Financial Technologies, 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 (a) for any Bank Person, including any of Lenders or Lead Agent, to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it them is a party on the Effective Date.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Wci Communities 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 (a) for any Bank of the Lenders or the Agent to perform any of its agreements or obligations under any of the Loan Documents to which it any of them is a party on the Effective Date of Closing or (b) for any Person (other than the Company Agent or the Lenders) to perform any of its material their respective agreements or obligations under any of the Loan Documents to which it is a party on the Effective DateDocuments.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Calton 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 (ai) for the Managing Agent or any Bank to perform any of its agreements or obligations under the Amended Credit Agreement or any other Loan Document on or as of the Loan Documents to which it is a party on the Effective Date Date; or (bii) for the Company Borrower to perform any of its material agreements or obligations under the Amended Credit Agreement or any of the Loan Documents to which it is a party on the Effective DateDocument.

Appears in 1 contract

Samples: Credit Agreement (Associated Estates Realty Corp)

Legality of Transactions. No change in applicable law or regulation shall have occurred as a consequence of which it shall have become and continue to be unlawful (ai) for the Administrative Agent or any Bank of the Banks to perform any of their agreements or obligations under any of the Loan Documents to which they are a party on the Closing Date, or (ii) for the Borrower, or any other member of the Borrower Affiliated Group to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ross Stores Inc)

Legality of Transactions. No change in applicable law or regulation shall have occurred as a consequence of which it shall have become and continue to be unlawful (a) for the Borrowers, any Bank other member of the Borrower Affiliated Group, the Administrative Agent or any of the Banks to perform any of its their agreements or obligations under any of the Loan Documents to which it is they are a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Barnes & Noble 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 (a) for Agent or any Bank Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Closing Date; or (b) for the Company Borrower to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Clearview Cinema Group Inc)

Legality of Transactions. No change in applicable law or regulation shall have occurred as a consequence of which it shall have become and continue to be unlawful (ai) for the Bank to perform any Bank of its respective agreements or obligations under any of the Loan Documents, or (ii) for the Borrower or any subsidiary to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective DateDocuments.

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

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Legality of Transactions. No change in applicable law or regulation shall have occurred as a consequence of which it shall have become and continue to be unlawful (ai) for the Administrative Agent or any Bank to perform any of its respective agreements or obligations under any of the Loan Documents to which each of them respectively is a party on the Closing Date, or (ii) for any Bank Borrower to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Unifirst 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 (ai) for any Bank to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Closing Date; or (bii) for the Company any Loan Party to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors 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 (ai) for the Agent or any Bank to perform any of its agreements or obligations under the Amended Credit Agreement or any other Loan Document on or as of the Loan Documents to which it is a party on the Effective Date Date; or (bii) for the Company Borrower to perform any of its material agreements or obligations under the Amended Credit Agreement or any of the Loan Documents to which it is a party on the Effective DateDocument.

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 (a) for the Lender Parties, or any Bank one or more of them, to perform any of its their agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Documents, or (b) for the Company Loan Parties, or any one or more of them, to perform any of its material their agreements or obligations under any of the Loan Documents to which it is a party on the Effective DateDocuments.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries 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 (ai) for Agent or any Bank Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Closing Date; or (bii) for the Company Borrower to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective Closing Date.

Appears in 1 contract

Samples: Credit Agreement (AtriCure, 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 (a) for any Bank to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Documents, or (b) for the Company Debtors to perform any of its material such Debtor’s agreements or obligations under any of the Loan Documents to which it is a party on the Effective DateDocuments.

Appears in 1 contract

Samples: Forbearance and Reaffirmation Agreement (Resolve Staffing 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 (a) for any Bank of the Banks or the Agent to perform any of the agreements or obligations under any of the Loan Documents to which any of them is a party on the Closing Date or (b) for Borrower to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it is a party on the Effective DateDocuments.

Appears in 1 contract

Samples: Credit Agreement (NVR Inc)

Legality of Transactions. No change in applicable law or regulation shall have occurred as a consequence of which it shall have become and continue to be unlawful (ai) for any the Bank to perform any of its respective agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date Documents, or (bii) for any of the Company Borrowers or any of their subsidiaries to perform any of its material their agreements or obligations under any of the Loan Documents to which it is a party on the Effective DateDocuments.

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

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 (a) for any Bank Person, including any of the Lenders or the Agent, to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Effective Date or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which it them is a party on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Wci Communities Inc)

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