Compliance with Law; Absence of Default. The Borrowing Company is in compliance with all applicable laws the failure to comply with which has or could reasonably be expected to have a materially adverse effect on the business, assets, liabilities, financial condition or results of operations of the Borrowing Company, and no event has occurred or has failed to occur which has not been remedied or waived, the occurrence or non-occurrence of which constitutes a Default.
Appears in 21 contracts
Samples: Reciprocal Loan Agreement (Ing Life Insurance & Annuity Co), Reciprocal Loan Agreement (Reliastar Life Insurance Co of New York), Reciprocal Loan Agreement (Separate Account B of Golden American Life Insurance Co)
Compliance with Law; Absence of Default. The Borrowing Company is in compliance with all applicable laws the failure to comply with which has or could reasonably be expected to have a materially adverse effect on the business, assets, liabilities, financial condition or results of operations of the Borrowing Company, and no event has occurred or has failed to occur which has not been remedied or waived, the occurrence or non-occurrence non‑occurrence of which constitutes a Default.
Appears in 3 contracts
Samples: Reciprocal Loan Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co), Reciprocal Loan Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co), Reciprocal Loan Agreement (Ing Usa Annuity & Life Insurance Co)
