Common use of No Violation of Law Clause in Contracts

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 38 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan and Security Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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No Violation of Law. Neither None of the Borrower nor any of its Subsidiaries Borrowers is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Unifi Inc), Credit Agreement (Unifi Inc), Loan and Security Agreement (Mercury Finance Co)

No Violation of Law. Neither the Borrower nor any of its Restricted Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Term Loan and Security Agreement (Advanced Micro Devices Inc), Loan and Security Agreement (Advanced Micro Devices Inc), Term Loan Agreement (Spansion Inc.)

No Violation of Law. Neither the any Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Miller Industries Inc /Tn/), Loan and Security Agreement (Cerprobe Corp), Loan and Security Agreement (Eftc Corp/)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.Effect on Borrower

Appears in 4 contracts

Samples: Credit Agreement (Open Market Inc), Credit Agreement (Divine Inc), Credit Agreement (Divine Inc)

No Violation of Law. Neither Parent, nor the Borrower nor any of its their Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Spansion Inc.), Credit Agreement (Advanced Micro Devices Inc)

No Violation of Law. Neither the such Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (3com Corp), Loan and Security Agreement (Strategic Distribution Inc)

No Violation of Law. Neither the No Borrower nor any of its Subsidiaries Other Subsidiary is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Loan and Security Agreement (W R Grace & Co)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is ------------------- in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.Effect on Borrower

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

No Violation of Law. Neither the Borrower nor any of its ------------------------ Restricted Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Micro Devices Inc)

No Violation of Law. Neither the such Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it it, which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries Affiliates is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Timco Aviation Services Inc)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries Guarantor is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Fruit of the Loom LTD)

No Violation of Law. Neither the Borrower Borrowers nor any of its their Subsidiaries is are in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it them, which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Spacelabs Medical Inc)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have would in any respect materially and adversely affect the Collateral, the repayment of the Obligations, the Lender's rights under the Loan Documents, or the Borrower's nor any of its Subsidiaries Property, business, operations, or condition (financial or otherwise), taken as a Material Adverse Effectwhole.

Appears in 1 contract

Samples: Loan and Security Agreement (Petroleum Place Inc)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effectwould in any respect materially and adversely affect the Collateral, the repayment of the Obligations, Agent's or Lenders' rights under the Loan Documents, or Borrower's or any Subsidiary's property, business, operations, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Country Star Restaurants Inc)

No Violation of Law. Neither None of the Borrower Borrowers nor any of its their respective Subsidiaries is are in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Unifrax Investment Corp)

No Violation of Law. Neither the Borrower nor any of its Restricted Subsidiaries is in violation of any law, statute, regulation, ordinanceLaw, judgment, order, order or decree applicable to it which it, where such violation could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Nesco Holdings, Inc.)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it it, which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Weston Roy F Inc)

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No Violation of Law. Neither the Borrower nor any of its ------------------- Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Agribiotech Inc)

No Violation of Law. Neither the None of such Borrower nor any of its Subsidiaries is in material violation of (or, due to the filing of the Case, is exempted from compliance with) any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effectit.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

No Violation of Law. Neither the Borrower Borrower, the Parent nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Acg Holdings Inc)

No Violation of Law. Neither the Borrower nor any Affiliate of its Subsidiaries the Borrower is in any violation of any law, statute, regulation, ordinance, judgment, orderregulation or other rule of any Governmental Authority or ruling or other determination of any court or other tribunal to which the Borrower or such Affiliate, or decree applicable with respect to it which violation any of their respective assets or business, is subject, which could reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any Affiliate of the Borrower is in any violation of any Anti-Money Laundering Law or Environmental Law.

Appears in 1 contract

Samples: Secured Credit Agreement (Aspirational Consumer Lifestyle Corp.)

No Violation of Law. Neither the any Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Saks Inc)

No Violation of Law. Neither the No Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it it, which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals Usa Inc)

No Violation of Law. Neither the Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Waxman Industries Inc)

No Violation of Law. Neither the No Borrower nor any of its Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have cause a Material Adverse EffectChange.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

No Violation of Law. Neither the Borrower Borrowers nor any of its their Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

No Violation of Law. Neither None of the Borrower nor Borrowers or any of its or their ------------------- Subsidiaries is in violation of any law, statute, regulation, ordinance, judgment, order, order or decree applicable to it which which, violation could reasonably be expected to have give rise to a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Grand Toys International Inc)

No Violation of Law. Neither the No Borrower nor any Subsidiary of its Subsidiaries a Borrower is in violation of any law, statute, regulation, ordinance, judgment, order, or decree applicable to it which violation could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Southern Energy Homes Inc)

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