Compliance with Financial Obligations Sample Clauses

Compliance with Financial Obligations. The Credit Parties shall be in compliance with all existing material financial obligations owed to third parties.
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Compliance with Financial Obligations. As of the Closing Date, ------------------------------------- each of Borrower and the Subsidiaries of Borrower shall be in compliance with all of their respective existing financial obligations except where failure to be in compliance could not have a Material Adverse Effect;
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Compliance with Financial Obligations. As of the Closing Date, each of Borrower and the Subsidiaries of Borrower shall be in compliance with all of their respective existing financial obligations;
Sample 1
Compliance with Financial Obligations. There shall not have occurred (i) any payment default (after giving effect to any applicable notice and/or cure periods), or (ii) any non-payment default pursuant to which the applicable lender has exercised its right to accelerate the maturity date thereof under (x) any Indebtedness for borrowed money that is recourse, directly or indirectly, to Ashford REIT or Ashford OP, unless a cure of such default shall have been accepted, or such default shall have been waived, by the holder of such Indebtedness or (y) any other Indebtedness for borrowed money that is non-recourse to Ashford REIT, Ashford OP or any Affiliate or Subsidiary of Ashford REIT or Ashford OP (or any Person comprising any of such Persons or any of their respective Affiliates), and, in connection with any enforcement action or exercise or assertion by or on behalf of the lender of any right or remedy with respect to any default or event of default under such non-recourse Indebtedness, the related borrower or borrowers shall (A) in bad faith seek any defense, judicial intervention or injunctive or other equitable relief of any kind, or assert in a pleading filed in connection with a judicial proceeding any defense against such lender or any right in connection with any security for such Indebtedness or (B) file a voluntary petition or file an answer consenting to, or otherwise acquiescing in, or joining in, any involuntary petition filed against it by any other Person under the Bankruptcy Code or any other federal or state bankruptcy or insolvency law, or solicit or cause to be solicited petitioning creditors for any involuntary petition from any Person.
Sample 1
Compliance with Financial Obligations. As of the Closing ------------------------------------- Date, each of Borrower and the Subsidiaries of Borrower shall be in compliance with all of their respective existing financial obligations except where failure to be in compliance could not have a Material Adverse Effect;
Sample 1
Compliance with Financial Obligations. Borrower shall be in compliance with all of their respective existing financial obligations.
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Compliance with Financial Obligations. The Agents shall be satisfied that no defaults exist and are continuing with respect to any Indebtedness that will survive subsequent to the Closing Date, after giving effect to the Transaction.
Sample 1
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Compliance with Financial Obligations. As of the Effective Date, each of Borrower and its Subsidiaries shall be in compliance with all of their respective existing financial obligations;
Sample 1
Compliance with Financial Obligations. A certificate from each of the Credit Parties executed by a Responsible Officer of such Credit Party certifying that such Credit Party is in compliance with all of its existing financial obligations;
Sample 1

Related to Compliance with Financial Obligations

  • Compliance with Obligations Buyer must have performed and complied with all its covenants and obligations required by this Agreement to be performed or complied with at or prior to Closing (singularly and in the aggregate) in all material respects.

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

  • COMPLIANCE WITH OTHER INSTRUMENTS, NONE BURDENSOME, ETC The Company is not in violation of any term of its Certificate of Incorporation or Bylaws, as amended, or any mortgage, indenture, contract, agreement, instrument, judgment, decree or order by which the Company is bound or to which its properties are subject or, to its knowledge any statute, rule or regulation applicable to the Company which would materially and adversely affect the business, assets, liabilities, financial condition, operations or prospects of the Company. The execution, delivery and performance of and compliance with this Agreement and the transactions contemplated hereby will not result in any such violation and will not be in conflict with or constitute a default under any of the foregoing and will not result in the creation of any mortgage, pledge, lien, encumbrance or charge upon any of the properties or assets of the Company pursuant to any of the foregoing.

  • Compliance With Other Instruments; None Burdensome Neither Borrower nor any Subsidiary is a party to any contract or agreement or subject to any charter or other corporate or other restriction which could have a Material Adverse Effect and which is not disclosed on Borrower's financial statements heretofore submitted to the Banks; none of the execution and delivery by Borrower of the Transaction Documents, the consummation of the transactions therein contemplated, or of any agreements pertaining to DPC Acquisition Corp.'s and the Borrower's acquisition and cancellation of all of the issued and outstanding capital stock of the Selling Shareholders in the Acquired Company and DPC Acquisition Corp.'s merger of the Acquired Company into Borrower or the compliance with the provisions thereof, has violated or will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on Borrower, or any of the provisions of Borrower's Certificate of Incorporation or Bylaws or any of the provisions of any indenture, agreement, document, instrument or undertaking to which Borrower is a party or subject, or by which it or its Property is bound, or conflict with or constitute a default thereunder or result in the creation or imposition of any Lien pursuant to the terms of any such indenture, agreement, document, instrument or undertaking (other than in favor of the Agent and/or the Banks pursuant to the Transaction Documents). No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental, regulatory, administrative or public body or authority, or any subdivision thereof, or any other Person is required to authorize, or is required in connection with, the execution, delivery or performance of, or the legality, validity, binding effect or enforceability of, any of the Transaction Documents that has not already been obtained.

  • Compliance with Laws and Agreements; No Default Except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, each Loan Party and each Subsidiary is in compliance with (i) all Requirements of Law applicable to it or its property and (ii) all indentures, agreements and other instruments binding upon it or its property. No Default has occurred and is continuing.

  • Compliance with Loan Documents Borrower will promptly and completely comply with and observe and perform all covenants and provisions of each Loan Document. In furtherance of the foregoing, but in no way limiting the generality thereof, the proceeds of each Loan will be used strictly in compliance with Section 2.16.

  • Compliance with Agreements and Covenants Purchaser shall have performed and complied in all material respects with all of its covenants, obligations and agreements contained in this Agreement to be performed and complied with by it on or prior to the Closing Date.

  • Compliance with Material Agreements Borrower shall, and shall cause each of its Subsidiaries to, comply in all material respects with all Senior Documents, material agreements, indentures, mortgages or documents binding on it or affecting its properties or business.

  • Compliance with Agreements Promptly and fully comply with all Contractual Obligations to which any one or more of them is a party, except for any such Contractual Obligations (a) the nonperformance of which would not cause a Default or Event of Default, (b) then being contested by any of them in good faith by appropriate proceedings, or (c) if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Non-Compliance with Loan Documents (a) Failure by any Loan Party to comply with or to perform any covenant set forth in Section 10.1.5, 10.3(b), 10.5 or 10.9 or Section 11; or (b) failure by any Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document (and not constituting an Event of Default under any other provision of this Section 13) and continuance of such failure described in this clause (b) for 30 days.

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