Common use of Legal Restraints Clause in Contracts

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property.

Appears in 8 contracts

Samples: Loan Agreement (Angelica Corp /New/), Credit Agreement (Davel Communications Group Inc), Credit Facilities Agreement (Dt Industries Inc)

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Legal Restraints. The execution and performance of any Loan Document by a Covered Person does not and will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and does not and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's ’s property.

Appears in 4 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person does not and will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and does not and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property.

Appears in 2 contracts

Samples: Credit Facilities Agreement (Pomeroy It Solutions Inc), Credit Facilities Agreement (Pomeroy Computer Resources Inc)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's ’s property.

Appears in 1 contract

Samples: Loan Agreement (Layne Christensen Co)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person does not and will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and does not and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property. All Material Agreements in existence as of the Effective Date are listed on section 0 to the Disclosure Schedule.

Appears in 1 contract

Samples: Credit Facilities Agreement (Gtsi Corp)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under (i) the Charter Documents of such Covered Person, (ii) any Material Agreement of such Covered Person, (iii) any Note Purchase Document, or (iv) any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property.

Appears in 1 contract

Samples: Loan Agreement (Talx Corp)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, not result in any Security Interest being imposed on any of such Covered Person's property.

Appears in 1 contract

Samples: Credit Facilities Agreement (Young Innovations Inc)

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Legal Restraints. The Neither the execution and delivery of, nor performance of under, any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or or, to Borrower's knowledge, any Material Law, and will notor, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property.

Appears in 1 contract

Samples: Loan Agreement (Centene Corp)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, not result in any Security Interest being imposed on any of such Covered Person's ’s property.

Appears in 1 contract

Samples: Credit Agreement (Young Innovations Inc)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, not result in any Security Interest being imposed on any of such Covered Person's ’s property.. 1336346.6

Appears in 1 contract

Samples: Assignment and Assumption (Young Innovations Inc)

Legal Restraints. The execution and performance of any Loan Document by a Covered Person will not violate or constitute a default under the Charter Documents of such Covered Person, any Material Agreement of such Covered Person, or any Material Law, and will not, except as expressly contemplated or permitted in this Agreement, result in any Security Interest being imposed on any of such Covered Person's property.. The performance by any Covered Person of its obligations under any Loan Document to which it is a party will not violate or constitute

Appears in 1 contract

Samples: Loan Agreement (Young Innovations Inc)

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