Common use of Compliance with Covenants; No Default Clause in Contracts

Compliance with Covenants; No Default. Borrower is, and upon the making of the initial extensions of credit on the Closing Date will be, in compliance with all of the covenants hereof. No Default is in existence, and the execution, delivery, and performance of the Loan Documents and the making of the initial extensions of credit on the Closing Date will not cause a Default.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cryolife Inc), Loan and Security Agreement (Transcend Services Inc)

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Compliance with Covenants; No Default. Each Borrower is, and upon the making of the initial extensions of credit on the Closing Date will be, in compliance with all of the covenants hereof. No Default is in existence, and the execution, delivery, and performance of the Loan Documents and the making of the initial extensions of credit on the Closing Date will not cause a Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Autoinfo Inc)

Compliance with Covenants; No Default. Borrower Each Obligor is, and upon the making of the initial extensions of credit on the Closing Date will be, in compliance with all of the covenants hereof. No Default or Event of Default is in existence, on the Closing Date, and the execution, delivery, and performance of the Loan Documents and the making of the initial extensions of credit on the Closing Date will not cause a DefaultDefault or Event of Default to exist.

Appears in 1 contract

Samples: Loan and Security Agreement (Englobal Corp)

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Compliance with Covenants; No Default. Each Borrower is, and upon the making of the initial extensions of credit on the Closing Date will be, in compliance with all of the covenants hereofin this Agreement and each other Loan Document. No Default or Event of Default is in existenceexistence on the Closing Date, and the execution, delivery, and performance of this Agreement and the other Loan Documents Documents, and the making of the initial extensions of credit on the Closing Date Date. will not cause a Default.Default or Event of Default to exist

Appears in 1 contract

Samples: Loan Agreement (Sturm Ruger & Co Inc)

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