Grantor has duly complied, and the Collateral and its business operations are in compliance, in all material respects, with all Applicable Law, except where noncompliance could not reasonably be expected to have a Material Adverse Effect. There have been no citations, notices or orders of noncompliance issued to Grantor under any Applicable Law, except where such noncompliance has been cured or could not reasonably be expected to have a Material Adverse Effect.