No Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the borrowings hereunder and the use of the proceeds thereof, will not violate any material Requirement of Law or any material Contractual Obligation, of the Borrower or the Guarantor, and will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or assets pursuant to any Requirement of Law or Contractual Obligation except for the Liens granted pursuant to the Loan Documents.
Appears in 2 contracts
Sources: Revolving Loan, Guaranty and Security Agreement (Suprema Specialties Inc), Revolving Loan, Guaranty and Security Agreement (Suprema Specialties Inc)
No Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the borrowings and issuance of Letters of Credit hereunder and the use of the proceeds thereof, will not violate any material Requirement of Law or any material Contractual Obligation, Obligation of the Borrower Company or the Guarantorof any of its Subsidiaries, and will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or assets pursuant to any Requirement of Law or Contractual Obligation except for the Liens granted pursuant to the Loan Collateral Documents.
Appears in 1 contract
Sources: Revolving Credit Agreement (Avondale Industries Inc)