Common use of Absence of Adverse Agreements Clause in Contracts

Absence of Adverse Agreements. Neither Borrower nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate restriction which would have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing Documents.

Appears in 1 contract

Samples: Loan Agreement (Valley Resources Inc /Ri/)

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Absence of Adverse Agreements. Neither ------------- ----------------------------- the Borrower nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate or partnership restriction which would be reasonably likely to have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Nxtrend Technology Inc)

Absence of Adverse Agreements. Neither the Borrower nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate or partnership restriction which would alter the manner in which the Borrower and its Subsidiaries do business and which would have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises, Inc.)

Absence of Adverse Agreements. Neither the Borrower nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or (Loan Agreement - Fleet/Convergent) instrument or subject to any corporate or partnership restriction which would could reasonably be expected to have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Convergent Group Corp)

Absence of Adverse Agreements. Neither the Borrower ------------- ----------------------------- nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate or partnership restriction which would could reasonably be expected to have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Somera Communications Inc)

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Absence of Adverse Agreements. Neither the Borrower nor any ----------- ----------------------------- Eligible Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate or partnership restriction which would have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Brands Inc)

Absence of Adverse Agreements. Neither Borrower the Borrower, ------------- ----------------------------- the Parent nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate or partnership restriction which would could reasonably be expected to have a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Talentpoint Inc)

Absence of Adverse Agreements. Neither the Borrower ------------- ----------------------------- nor any Subsidiary is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any corporate or partnership restriction which would have has a material adverse effect on the business, properties, assets, operations or condition, financial or otherwise, of Borrower and any Subsidiary on a consolidated basis or on the ability of the Borrower or any Subsidiary to carry out its obligations under the Financing DocumentsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Boron Lepore & Associates Inc)

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