Common use of No Legal Bar to Loans Clause in Contracts

No Legal Bar to Loans. The execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, will not violate any Contractual Obligation or material Requirement of Law to which the Borrower or any of its Subsidiaries is a party, or by which the Borrower or any of its Subsidiaries or any of their respective material properties or assets may be bound, and will not result in the creation or imposition of any lien on any of their respective material properties or assets pursuant to the provisions of any such Contractual Obligation.

No Legal Bar to Loans. The execution, delivery and performance by the Company of this Agreement, the Applications and the consummation of the transactions contemplated hereby, Notes will not violate any Contractual Obligation or material Requirement of Law to which the Borrower Company or any of its Subsidiaries is a party, or by which the Borrower Company or any of its Subsidiaries or any of their respective material properties or assets may be bound, and will not result in the creation or imposition of any lien Lien on any of their respective material properties or assets pursuant to the provisions of any such Contractual ObligationObligation except pursuant to the Credit Documents.

No Legal Bar to Loans. The execution, delivery and performance of this Agreement, Agreement and the consummation of the transactions contemplated hereby, Term Note will not violate any Contractual Obligation or material Requirement of Law to which the Borrower Company or the Guarantor or any of its Subsidiaries is a party, or by which the Borrower Guarantor or any of its Subsidiaries or any of their respective material properties or assets may be bound, and will not result in the creation or imposition of any lien Lien on any of their respective material properties or assets pursuant to the provisions of any such Contractual Obligation.