Common use of Material Contracts; Burdensome Restrictions Clause in Contracts

Material Contracts; Burdensome Restrictions. Schedule 6.20 lists all material contracts relating to the business operations of each Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party or, to any Loan Party’s actual knowledge, with respect to parties other than such Loan Party. None of the Loan Parties is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, could reasonably be expected to result in any Material Adverse Change.

Appears in 2 contracts

Sources: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)

Material Contracts; Burdensome Restrictions. Schedule 6.20 lists 6.1.21 lists, as of the Closing Date, all material contracts Material Contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts Material Contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 2 contracts

Sources: Credit Agreement (Freemarkets Inc), Revolving Credit Agreement (Freemarkets Inc)

Material Contracts; Burdensome Restrictions. Schedule 6.20 SCHEDULE 6.1.21 lists all material contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 2 contracts

Sources: Credit Agreement (Rent Way Inc), Revolving Credit Facility (Rainbow Rentals Inc)

Material Contracts; Burdensome Restrictions. Schedule 6.20 6.1.21 lists all material contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Standard Automotive Corp)

Material Contracts; Burdensome Restrictions. As of the Closing Date, Schedule 6.20 6.1.21 lists all material --------------- contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Suburban Lodges of America Inc)

Material Contracts; Burdensome Restrictions. Schedule 6.20 lists 5.1.20 lists, as of the Closing Date, all material contracts relating to the business operations of each the Loan PartyParties, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such the Loan Party Parties and each of the other parties thereto in accordance with their respective terms, terms subject to bankruptcy laws and other laws affecting creditors' rights generally and except as enforcement thereof is subject to the general principals of equity and there is no default thereunder with respect to any thereunder. No Loan Party or, to is nor is any Loan Party’s actual knowledge, with respect to parties other than such Loan Party. None of the Loan Parties is Subsidiary bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Integrated Alarm Services Group Inc)

Material Contracts; Burdensome Restrictions. Schedule 6.20 SCHEDULE 5.1.20 lists all material contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None To their knowledge, none of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Blair Corp)

Material Contracts; Burdensome Restrictions. Schedule 6.20 5.1.21 lists all material contracts relating to the business --------------- operations of each Loan Party and each Subsidiary of any Loan Party, including excluding all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Audio Communications Network Inc)

Material Contracts; Burdensome Restrictions. Schedule 6.20 6.1.20 lists all material contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Compudyne Corp)

Material Contracts; Burdensome Restrictions. Schedule 6.20 6.1.21 lists all material contracts relating to the business operations of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties’ knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None To their knowledge, none of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Blair Corp)

Material Contracts; Burdensome Restrictions. Schedule 6.20 0 lists all material contracts relating to the business operations as of the date hereof of each Loan Party and each Subsidiary of any Loan Party, including all employee benefit plans and Labor Contracts, as of the date of this Agreement. All such material contracts are valid, binding and enforceable upon such Loan Party or Subsidiary and each of the other parties thereto in accordance with their respective terms, and there is no default thereunder with respect to any Loan Party orthereunder, to any the Loan Party’s actual Parties' knowledge, with respect to parties other than such Loan PartyParty or Subsidiary. None of the Loan Parties or their Subsidiaries is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which, individually or in the aggregate, which could reasonably be expected to result in any a Material Adverse Change.

Appears in 1 contract

Sources: Credit Agreement (Compudyne Corp)