Common use of Contractual Default Clause in Contracts

Contractual Default. Borrower is not in default under or with respect to any of their respective contractual obligations in any respect that could reasonably be expected to have a material adverse effect on Borrower.

Appears in 7 contracts

Samples: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)

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Contractual Default. The Borrower is not in default under or with respect to any of their respective its contractual obligations in any respect that could reasonably be expected to have a material adverse effect on BorrowerMaterial Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Addvantage Technologies Group Inc), Loan Agreement (Addvantage Technologies Group Inc)

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Contractual Default. Borrower is not in default under or with respect to any of their respective its contractual obligations in any respect that could reasonably be expected to have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Loan Agreement (Amrep Corp.)

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