Common use of Legality of Transactions Clause in Contracts

Legality of Transactions. It shall not be unlawful (i) for the Bank to perform any of its obligations hereunder, or (ii) for the Borrower to perform any of its obligations hereunder or under any other Loan Document.

Appears in 5 contracts

Samples: Loan Agreement (Associated Estates Realty Corp), Loan Agreement (Associated Estates Realty Corp), Loan Agreement (Associated Estates Realty Corp)

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Legality of Transactions. It shall not be unlawful (ia) for the Bank Administrative Agent, the Issuing Lender or any Lender to perform any of its obligations hereunderunder any of the Loan Documents, or (iib) for the Borrower any Credit Party to pay or perform any of its obligations hereunder or Obligations under any other of the Loan DocumentDocuments.

Appears in 4 contracts

Samples: Credit Agreement (Regent Communications Inc), Credit Agreement (Idg Books Worldwide Inc), Credit Agreement (Regent Communications Inc)

Legality of Transactions. It shall not be unlawful (i) for the Borrower, its Subsidiaries, the Agent, the Issuing Bank or the Banks to perform carry out their respective obligations under this Agreement or any of its obligations hereunder, or (ii) for the Borrower to perform any of its obligations hereunder or under any other Loan DocumentDocuments.

Appears in 2 contracts

Samples: Credit Agreement (New American Healthcare Corp), Credit Agreement (New American Healthcare Corp)

Legality of Transactions. It shall not be unlawful (i) for the Bank Agent, any Bank, any Borrower or the Guarantor to perform any of its obligations hereunder, or (ii) for the Borrower to perform under any of its obligations hereunder or under any other the Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Eastern Enterprises)

Legality of Transactions. It shall not be unlawful (ia) for the Bank Issuer or any Agent or Lender to perform any of its obligations hereunderunder any of the Loan Documents, or (iib) for the Borrower to perform any of its obligations hereunder or under any other of the Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Legality of Transactions. It shall not be unlawful (ia) for the Issuer or the Agent or any Bank to perform any of its obligations hereunder, under any of the Loan Documents or (iib) for the Borrower to perform any of its obligations hereunder or under any other of the Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Softech Inc)

Legality of Transactions. It shall not then be unlawful (i) for the Bank to perform Lender or any of its obligations hereunder, or (ii) for the Borrower to perform any of its respective agreements or obligations hereunder or under any other of the Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit and Security Agreement (Asahi America Inc)

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Legality of Transactions. It shall not be unlawful (i) for the Bank Collateral Trustee, the Agent or the Lenders to perform any of their obligations under any of the Loan Documents or (ii) for any Principal Company to perform any of its obligations hereunder, or (ii) for the Borrower to perform under any of its obligations hereunder or under any other the Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Saga Communications Inc)

Legality of Transactions. It shall not then be unlawful (i) for the Bank to perform any of its obligations hereunder, Lender or (ii) for the either Borrower to perform any of its respective agreements or obligations hereunder or under any other of the Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Asahi America Inc)

Legality of Transactions. It shall not be unlawful (i) for the Bank to perform any of its obligations hereunder, or (ii) for the Borrower to perform any of its obligations hereunder or under any other Existing Loan Document.

Appears in 1 contract

Samples: Loan Agreement (Associated Estates Realty Corp)

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