Common use of Legality of Transactions Clause in Contracts

Legality of Transactions. It shall not be unlawful (a) for any Bank to perform any of its agreements or obligations under any of the Loan Documents to which such Bank is a party on the Drawdown Date of such Loan or (b) for the Company to perform any of its material agreements or obligations under any of the Loan Documents to which the Company is a party on such date.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Universal Health Realty Income Trust), Revolving Credit Agreement (Universal Health Realty Income Trust), Revolving Credit Agreement (Universal Health Realty Income Trust)

AutoNDA by SimpleDocs

Legality of Transactions. It shall not be unlawful (a) for the Agent or any Bank to perform any of its agreements or obligations under any of the Loan Documents to which the Agent or such Bank is a party on the Drawdown Date of such Loan Advance or the date of issuance of such Letter of Credit, or (b) for any Person other than the Company Agent and the Banks to perform any of its material their respective agreements or obligations under any of the Loan Documents to which the Company any of them is a party on such date.

Appears in 2 contracts

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

Legality of Transactions. It With respect to any such obligation of any Bank, it shall not be unlawful (a) for any such Bank to perform any of its agreements or obligations under any of the Loan Documents to which such Bank is a party on the Drawdown Date of such Loan Loans, or (b) for Hasbro SA or any of the Company Hasbro Companies to perform any of its material agreements or obligations under any of the Loan Documents to which the Company it is a party on such date.

Appears in 2 contracts

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

Legality of Transactions. It shall not be unlawful (a) for any Bank -------- -- ------------ of the Banks or the Agent to perform any of its agreements or obligations under any of the Loan Documents to which such Bank is the Banks or the Agent are a party on the Drawdown Date of such Loan or such Letter of Credit, or (b) for any of the Company Commerce Companies to perform any of its material agreements or obligations under any of the Loan Documents to which the such Commerce Company is a party on such date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Sterling Commerce Inc)

AutoNDA by SimpleDocs

Legality of Transactions. It shall not be unlawful (a) for any the Bank to perform any of its agreements or obligations under any of the Loan Documents to which such Bank is a party on the Drawdown Date of such Loan Documents, or (b) for the Company Borrower to perform any of its material agreements or obligations Obligations under any of the Loan Documents to which the Company is a party on such date.Loan

Appears in 1 contract

Samples: Credit Agreement (Edison Schools Inc)

Legality of Transactions. It With respect to any such obligation of any Bank, it shall not be unlawful (a) for any such Bank to perform any of its agreements or obligations under any of the Loan Documents to which such Bank is a party on the Drawdown Date of such Loan Loans, or (b) for any of the Company Hasbro Companies to perform any of its material agreements or obligations under any of the Loan Documents to which the Company it is a party on such date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hasbro Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.