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 Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Closing Date; or (ii) for Borrower to perform any of its agreements or obligations under any of the Loan Documents on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (New Energy Co of Indiana LTD Partnership)

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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 Agent or any Lender to perform any of its agreements or obligations under this Agreement, the Notes, or under any of the other Loan Documents to which it is a party on the Closing Date; Documents, or (ii) for the Borrower or Guarantor to perform any of its their material agreements or obligations under this Agreement, the Notes, or under any of the other Loan Documents on the Closing Date.Documents;

Appears in 1 contract

Samples: Credit Agreement (Us Home & Garden 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 Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Closing Date; Documents, or (ii) for Borrower to perform any of its agreements or obligations under any of the Loan Documents on the Closing DateDocuments.

Appears in 1 contract

Samples: Credit Agreement (Amc Inc)

Legality of Transactions. No change changes in applicable law shall ------------------------ have occurred as a consequence of which it shall have become and continue to be unlawful (i) for Lender the Purchaser to perform any of its agreements or obligations under this Agreement, or under any of the Loan Documents to which it is a party on the Closing Date; other Transaction Documents, or (ii) for Borrower the Seller or any Subsidiary of the Seller to perform any of its agreements or obligations under this Agreement or under any of the Loan Documents on the Closing Date.other Transaction Documents;

Appears in 1 contract

Samples: Securities Purchase Agreement (American Eagle 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 Lender the Purchaser to perform any of its agreements or obligations under this Agreement, or under any of the Loan Documents to which it is a party on other Transaction Documents, or for the Closing Date; Seller or (ii) for Borrower any Subsidiary of the Seller to perform any of its agreements or obligations under this Agreement or under any of the Loan Documents on the Closing Date.other Transaction Documents;

Appears in 1 contract

Samples: Securities Purchase Agreement (American Eagle Group Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Senetek PLC /Eng/)

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 Lender to perform any of its agreements or obligations under any of the Loan Documents to which it is a party on the Closing Date; Documents, or (ii) for either Borrower to perform any of its agreements or obligations under any of the Loan Documents on the Closing DateDocuments.

Appears in 1 contract

Samples: Joinder Agreement (Dpac Technologies Corp)

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