Common use of No Breach of Agreement Clause in Contracts

No Breach of Agreement. the Mortgagor and the Borrower are not in breach of or default under any agreement to which the Mortgagor and/or the Borrower are parties or by which the Mortgagor and/or the Borrower may be bound which has or could have a material adverse effect on the Mortgagor and/or the Borrower;