Common use of Known Defaults Clause in Contracts

Known Defaults. Borrower is not knowingly in default in the performance of any obligations to other financial institutions or to Federal, State or Municipal authorities.

Appears in 6 contracts

Samples: Loan and Security Agreement, Mortgage Warehouse Loan and Security Agreement (William Lyon Homes), Mortgage Warehouse Loan and Security Agreement (William Lyon Homes)

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Known Defaults. Borrower is not knowingly in default in the performance of any obligations to other financial institutions or to Federalfederal, State state or Municipal municipal authorities.. 

Appears in 2 contracts

Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC), Loan and Security Agreement (Ministry Partners Investment Company, LLC)

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Known Defaults. Borrower is not knowingly in default in the performance of any obligations to other financial institutions or to Federalfederal, State state or Municipal municipal authorities.

Appears in 1 contract

Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC)

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