Loan Documents Comply with Applicable Laws, Organizational Documents and Contractual Obligations. Neither the entering into nor the delivery of, and neither the consummation of the transactions contemplated in nor compliance with the terms, conditions and provisions of, the Loan Documents by any Credit Party conflicts with or will conflict with, or results or will result in any breach of, or constitutes a default under or contravention of, (i) any Requirement of Law applicable to it, (ii) any of its Organizational Documents, (iii) any Material Agreement, (iv) any Permitted Encumbrances, or (v) any Indebtedness outstanding by any of the Borrower or its Subsidiaries, or results or will result in, the creation or imposition of any Encumbrance upon any of the Secured Property that is not a Permitted Encumbrance.
Appears in 2 contracts
Sources: Non Revolving Term Facility Credit Agreement (Strategic Storage Trust VI, Inc.), Non Revolving Term Facility Credit Agreement (Strategic Storage Trust VI, Inc.)
Loan Documents Comply with Applicable Laws, Organizational Documents and Contractual Obligations. Neither the entering into nor the delivery of, and neither the consummation of the transactions contemplated in nor compliance with the terms, conditions and provisions of, the Loan Documents by any Credit Party conflicts with or will conflict with, or results or will result in any breach of, or constitutes a default under or contravention of, (ia) any Requirement of Law applicable to it, (iib) any of its Organizational Documents, (iiic) any Material Agreement, (ivd) any Permitted Encumbrances, or (ve) any Indebtedness outstanding by any of the Borrower Borrowers or its their Subsidiaries, or results or will result in, the creation or imposition of any Encumbrance upon any of the Secured Property Properties that is not a Permitted Encumbrance.
Appears in 2 contracts
Sources: Credit Agreement (Strategic Storage Trust VI, Inc.), Credit Agreement (Strategic Storage Trust VI, Inc.)