Common use of Compliance with Law; Governmental Approvals Clause in Contracts

Compliance with Law; Governmental Approvals. Each of the Parent, the Borrower, each other Loan Party and each other Subsidiary is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to the Parent, the Borrower, such other Loan Party or such other Subsidiary except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

Appears in 8 contracts

Samples: Credit Agreement (CubeSmart, L.P.), Assignment and Acceptance Agreement (CubeSmart, L.P.), Assignment and Acceptance Agreement (CubeSmart, L.P.)

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Compliance with Law; Governmental Approvals. Each of the Parent, the Borrower, each the other Loan Party Parties and each the other Subsidiary Subsidiaries is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to the Parent, the Borrower, such other Loan Party or such other Subsidiary except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

Appears in 7 contracts

Samples: Assignment and Assumption Agreement (Parkway, Inc.), Term Loan Agreement (Parkway Properties Inc), Assignment and Assumption Agreement (Parkway Properties Inc)

Compliance with Law; Governmental Approvals. Each of the Parent, the General Partner, the Borrower, each the other Loan Party Parties and each the other Subsidiary Subsidiaries is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including including, without limitation, Environmental Laws) relating to the Parent, the Borrower, such other Loan Party or such other Subsidiary it except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

Appears in 4 contracts

Samples: Term Loan Agreement (Federal Realty OP LP), Credit Agreement (Federal Realty OP LP), Credit Agreement and Consent (Federal Realty Investment Trust)

Compliance with Law; Governmental Approvals. Each of the Parent, the Borrower, each other Loan Party and each the other Subsidiary Subsidiaries has obtained and is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to the Parent, the Borrower, such other Loan Party or such other Subsidiary it except for noncompliances which, and Governmental Approvals the failure to obtain or possess which, could not, individually or in the aggregate, reasonably be expected to cause result in a Default or Event of Default or have a Material Adverse Effect.

Appears in 3 contracts

Samples: And Consolidated Credit Agreement (First Potomac Realty Trust), Term Loan Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)

Compliance with Law; Governmental Approvals. Each of the The Parent, the Borrower, each other Loan Party and each other Subsidiary of the Parent is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) Law relating to the Parent, the Borrower, such other Loan Party or such other Subsidiary Person except for noncompliances which, and Governmental Approvals the failure to possess which, could would not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (First Washington Realty Trust Inc)

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Compliance with Law; Governmental Approvals. Each of the The Parent, the Borrower, each Subsidiary and each other Loan Party and each other Subsidiary is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to the Parent, the Borrower, a Subsidiary or such other Loan Party or such other Subsidiary except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.. 4889-7534-3155, v. 14

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

Compliance with Law; Governmental Approvals. Each of the Parent, the Borrower, each Subsidiary, each Joint Venture Subsidiary and each other Loan Party and each other Subsidiary is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to the Parent, the Borrower, a Subsidiary, a Joint Venture Subsidiary or such other Loan Party or such other Subsidiary except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Ashford Hospitality Trust Inc)

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