Common use of No Adverse Agreements Clause in Contracts

No Adverse Agreements. Neither the Borrower, nor any Guarantor nor any Subsidiary of the Borrower or any Guarantor is a party to any indenture, loan or credit agreement or any other agreement, lease or instrument or subject to any charter or corporate restriction, the default or breach of which would be reasonably likely to result in a Material Adverse Change. All material agreements to which the Borrower, any Guarantor, or any Subsidiary of the Borrower or any Guarantor is a party are in full force and effect and neither the Borrower, such Guarantor nor any such Subsidiary are in default of any such agreement.

Appears in 3 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc)

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No Adverse Agreements. Neither the Borrower, nor any the Guarantor nor any Subsidiary of the Borrower or any the Guarantor is a party to any indenture, loan or credit agreement or any other agreement, lease or instrument or subject to any charter or corporate restriction, the default or breach of which would be reasonably likely to result in a Material Adverse Change. All material agreements to which the Borrower, any the Guarantor, or any Subsidiary of the Borrower or any the Guarantor is a party are in full force and effect and neither the Borrower, such the Guarantor nor any such Subsidiary are in default of any such agreement.

Appears in 1 contract

Samples: Loan Agreement (Del Laboratories Inc)

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