Common use of Legality of Transactions Clause in Contracts

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 (i) for the Administrative Agent or any 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 or Ancillary Documents to which it is a party on the Closing Date.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Mac-Gray Corp), Credit and Term Loan Agreement (Mac-Gray Corp)

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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 (i) for the Administrative Agent or any of the Banks Lender to perform any of their its agreements or obligations under any of the Loan Documents to which they are it is a party on the Closing Date, or (ii) for the TA Lender, TA Equity, 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 or Ancillary Documents to which it is a party on the Closing Date.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Open Link Financial, Inc.), Credit and Term Loan Agreement (Open Link Financial, 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 (i) for the Administrative Agent or any 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 Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Original Closing Date or Ancillary the Closing Date; or (ii) for Borrower to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Original Closing Date or the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Clearview Cinema Group Inc), 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 (i) for the Administrative Agent or any 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 or Ancillary Documents to which it is a party on the Closing Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Unicco Service Co)

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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 (i) for the Administrative Agent or any of the Banks Bank to perform any of their its agreements or obligations under any of the Loan Documents to which they are a party on the Closing Datethis Agreement, 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 or Ancillary Documents to which it is a party on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Stocker & Yale Inc)

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