Common use of Compliance with the Laws and Agreements; No Defaults Clause in Contracts

Compliance with the Laws and Agreements; No Defaults. (a) Each Credit Party is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to be in compliance or have such possession, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. (b) No Default has occurred and is continuing.

Compliance with the Laws and Agreements; No Defaults. (a) Each Credit Party is in compliance with all Governmental Requirements (other than Environmental Laws which are addressed in Section 7.06 above) applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except in each case where the failure to be in compliance or have such possessiondo so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. (b) No Default has occurred and is continuing.

Compliance with the Laws and Agreements; No Defaults. (a) Each Credit Party and each Subsidiary of a Credit Party is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except without limiting Section 7.23, where the failure to be in compliance or have such possession, do so individually or in the aggregate, could aggregate would not reasonably be expected to result in a Material Adverse Effect. (b) No Default or Event of Default has occurred and is continuing.

Compliance with the Laws and Agreements; No Defaults. (a) Each Credit Party is in compliance with all Governmental Requirements (other than Environmental Laws) applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except in each case where the failure to be in compliance or have such possessiondo so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. (b) No Default has occurred and is continuing.

Compliance with the Laws and Agreements; No Defaults. (a) Each of the Credit Party Parties is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations granted by Governmental Authorities necessary for the ownership of its Property and the conduct of its business, except where the failure to be in compliance or have such possessiondo so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. (b) No Default has occurred and is continuing.

Compliance with the Laws and Agreements; No Defaults. (a) Each Credit Party and each Subsidiary of a Credit Party is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except without limiting Section 5.23, where the failure to be in compliance or have such possession, do so individually or in the aggregate, could aggregate would not reasonably be expected to result in a Material Adverse Effect. (b) No Default or Event of Default has occurred and is continuing.