Common use of Existence of Defaults Clause in Contracts

Existence of Defaults. The Borrower is not in default under any agreement or obligation under which the Borrower may be bound, nor will the Borrower's entering into this Agreement cause the Borrower to immediately or with the passage of time, the giving of notice, or both, constitute a default under any such other agreements or obligations.

Existence of Defaults. The Borrower is not in default as to any of the Borrower's existing indebtedness or under any agreement or obligation under which the Borrower or any of the Borrower's assets may be bound, nor will the Borrower's entering into this Reimbursement Agreement cause the Borrower to immediately or any other Financing Document immediately, or with the passage of time, the giving of notice, or both, constitute a cause the Borrower to violate or be in default under any such other agreements agreement or obligationsobligation to which the Borrower may be a party or by which any of its assets may be bound.

Existence of Defaults. The Borrower is not in default upon any of its existing indebtedness or under any agreement or obligation under which the Borrower may be bound, nor will the Borrower's entering into this Agreement cause the Borrower to or any other Loan Document (in and of itself) immediately or with the passage of time, the giving of notice, or both, constitute a cause the Borrower to violate or be in default under any such other agreements or obligations.