Common use of Contractual Restrictions Clause in Contracts

Contractual Restrictions. The Company and its Subsidiaries shall ------------------------ not be subject to any contractual or other restrictions that would be violated by the Merger or the other transactions contemplated hereby, including the granting of security interests and guarantees under the Credit Documents and the documentation with respect to the Synthetic Lease Facility, except to the extent that any such violation would not reasonably be expected to have a material adverse effect on (i) the business, assets, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries, taken as a whole, (ii) (A) the validity or enforceability of this Agreement, any of the Notes or the other Credit Documents or (B) the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder, or (iii) the ability of the Borrowers to satisfy their obligations hereunder or thereunder.

Appears in 2 contracts

Sources: Credit Agreement (Harborside Healthcare Corp), Credit Agreement (Sailors Inc)

Contractual Restrictions. The Neither the Company and nor any of its ------------------------ Subsidiaries shall ------------------------ not be subject to any Requirement of Law or any contractual or other restrictions that would be violated by the Merger consummation of the Transactions or the other transactions contemplated hereby, including the granting of security interests and guarantees under the Credit Documents and the documentation with respect to the Synthetic Lease Facilityrequired by this Agreement, except to the extent that any such violation would not reasonably be expected to have a material adverse effect on (i) the business, assets, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries, Subsidiaries taken as a whole, (ii) (A) the validity or enforceability of this Agreement, any of the Notes Agreement or the other Credit Documents Documents, or (B) the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder, or (iii) the ability of the Borrowers Company or any of its Subsidiaries taken as a whole to satisfy their obligations hereunder or thereunder.

Appears in 1 contract

Sources: Credit Agreement (Jostens Inc)