Common use of Default under Other Obligations Clause in Contracts

Default under Other Obligations. The execution, delivery, and performance of the obligations imposed on Borrower under this Loan Agreement and the Loan Documents to which it is a party will not cause Borrower to be in default under the provisions of any agreement, judgment, or order to which Borrower is a party or by which Borrower is bound. None of Borrower, Guarantor, or Key Principal is in default under any obligation to Lender. Prohibited Person. None of Borrower, Guarantor, or Key Principal is a Prohibited Person. To Borrower’s knowledge, none of the following is a Prohibited Person: Any Person Controlling Borrower, Guarantor, or Key Principal; or Any Person Controlled by and having a direct or indirect ownership interest in Borrower, Guarantor, or Key Principal.

Default under Other Obligations. The execution, delivery, and performance of the obligations imposed on Borrower under this Loan Agreement and the Loan Documents to which it is a party will not cause Borrower to be in default under the provisions of any agreement, judgment, or order to which Borrower is a party or by which Borrower is bound. None of Borrower, Guarantor, or Key Principal is in default under any obligation to Lender. Prohibited Person. None of Borrower, Guarantor, or Key Principal is a Prohibited Person. To BorrowerXxxxxxxx’s knowledge, none of the following is a Prohibited Person: Any Person Controlling Borrower, Guarantor, or Key Principal; or Any Person Controlled by and having a direct or indirect ownership interest in Borrower, Guarantor, or Key Principal.