Common use of Defaults and Conflicts Clause in Contracts

Defaults and Conflicts. There are no defaults on the part of the Operator under any contract, lease, mortgage, pledge, credit agreement, title retention agreement, security agreement, lien, encumbrance or any other commitment, contract, agreement or undertaking to which the Operator is a party. The execution of this Agreement will not violate or breach any material agreement, contract, or commitment to which the Operator is a party.

Appears in 7 contracts

Sources: Passenger Car Equipment Lease and Purchase Agreement (Tirex Corp), Truck Tire Equipment Lease and Purchase Agreement (Tirex Corp), Equipment Lease and Purchase Agreement (Tirex America Inc)

Defaults and Conflicts. There are no defaults on the part of the Operator under any contract, lease, mortgage, pledge, credit agreement, title retention agreement, security agreement, lien, encumbrance or any other commitment, contract, agreement or undertaking to which the Operator is a party. The execution of this Agreement will not violate or breach any material agreement, contract, or commitment to which the Operator is a party.. 268

Appears in 1 contract

Sources: Equipment Lease and Purchase Agreement (Tirex America Inc)