Common use of Operations of Borrower Clause in Contracts

Operations of Borrower. All operations of Borrower have been carried on in ---------------------- accordance with all applicable laws, statutes, ordinances, rules and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federal, state or local, is pending or threatened against Borrower.

Appears in 1 contract

Sources: Line of Credit, Term Loan and Security Agreement (Orthovita Inc)

Operations of Borrower. All operations of the Borrower and the Bank have been carried on in ---------------------- accordance in all material respects with all applicable laws, statutes, ordinances, rules and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federal, state or local, is pending or threatened against BorrowerBorrower or the Bank.

Appears in 1 contract

Sources: Loan Agreement (Cornerstone Financial Corp)

Operations of Borrower. All operations of Borrower have been carried on in ---------------------- accordance with all applicable laws, statutes, ordinances, rules and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federal, state or local, is pending to the knowledge of Borrower, or threatened against Borrower.

Appears in 1 contract

Sources: Line of Credit Loan and Security Agreement (Egames Inc)

Operations of Borrower. All operations of the Borrower have been carried on in ---------------------- accordance with all applicable laws, statutes, ordinances, rules and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federal, state or local, is pending or threatened against the Borrower.

Appears in 1 contract

Sources: Loan and Security Agreement (Semitool Inc)

Operations of Borrower. All operations of Borrower have been carried on in ---------------------- accordance with all applicable laws, statutes, ordinances, rules and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federal, state or local, is pending or threatened against Borrower.

Appears in 1 contract

Sources: Loan and Security Agreement (Moro Corp)

Operations of Borrower. All operations of Borrower have been carried on in ---------------------- accordance with all applicable laws, statutes, ordinances, rules rules, and regulations, including, but not limited to, those relating to degradation of the environment. No investigation by any governmental authority, federalFederal, state state, or local, is pending or or, to Borrower's knowledge, threatened against BorrowerBorrower or Guarantor.

Appears in 1 contract

Sources: Loan Agreement (Resource America, Inc.)