Common use of No Breach or Default Clause in Contracts

No Breach or Default. As of the time of acceptance hereof and as of the Closing, except as otherwise disclosed in the Official Statement, the Authority is not, and as of the time of the Closing the Authority will not be, in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority is a party or is otherwise subject; and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability to perform its obligations under the Bonds or the Authority Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the Bonds and the other Authority Documents and compliance by the Authority with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, or instrument, except as may be provided by the Authority Documents.

No Breach or Default. As of the time of acceptance hereof and as of the ClosingClosing Date, except as otherwise disclosed in the Official Statement, the Authority District is not, and as of the time of the Closing the Authority nor will not it be, in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority District is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing whichthat, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability of the District to perform its respective obligations under the Bonds CFD Authorizing Resolution or the Authority Documents; CFD Documents and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the Bonds and the other Authority CFD Documents and compliance by the Authority District with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority District (or any of its officers in their respective capacities as suchofficers) is subject, or by which it or any of its properties is are bound; , nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, or instrument, except as may be provided by the Authority CFD Authorizing Resolution or the CFD Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing, except as otherwise disclosed in the Official Statement, the Authority CFD No. 2000-3 is not, and as of the time of the Closing the Authority CFD No. 2000-3 will not be, be in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority CFD No. 2000-3 is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the AuthorityCFD No. 2000-3’s ability to perform its obligations under the Bonds or the Authority CFD No. 2000-3 Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the Bonds and the other Authority CFD No. 2000-3 Documents and compliance by the Authority CFD No. 2000-3 with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority CFD No. 2000-3 (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority CFD No. 2000-3 Documents.

No Breach or Default. As of the time of acceptance hereof and as of the ClosingClosing Date, except as otherwise disclosed in the Official Statement, the Authority is not, and as of the time of the Closing the Authority City are not or will not be, be in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority City is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, default or event could have an a material adverse effect on the AuthorityCity’s ability to perform its obligations under the Reassessment Bonds or the Authority City Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, execution and delivery of the Reassessment Bonds and the other Authority City Documents and compliance by the Authority City with the provisions of obligations on its part to be performed in each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority (or any of its officers in their respective capacities as such) District is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority City Documents.

No Breach or Default. As of the time of acceptance hereof and as of the ClosingClosing Date, except as otherwise disclosed in the Official Statement, the Authority is not, and as of the time of the Closing the Authority not or will not be, be in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, default or event could have an a material adverse effect on the Authority’s ability to perform its obligations under the Bonds or the Authority Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, execution and delivery of the Bonds and the other Authority Documents and compliance by the Authority with the provisions of obligations on its part to be performed in each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority Documents.

No Breach or Default. As of the time of acceptance hereof hereof, (A) the City is not in default, nor has it been in default, as to principal or interest with respect to an obligation issued by the City, and as of (B) the Closing, except as otherwise disclosed in the Official Statement, the Authority City is not, and as of in any manner which would materially adversely affect the time of transactions contemplated by the Closing the Authority will not beCity Documents, in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority City is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute constitute, in any manner which would materially adversely affect the transactions contemplated by the City Documents, a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability to perform its obligations under the Bonds or the Authority Documentsinstrument; and, as of such times, except as disclosed in the Official Statementtime, the authorization, execution, execution and delivery of the Bonds and the other Authority City Documents and compliance by the Authority with the provisions of each of such agreements or instruments does do not and will not in any manner which would materially adversely affect the transactions contemplated by the City Documents, conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority City (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority City Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing, except as otherwise disclosed in the Official Statement, the Authority is not, and as of the time of the Closing the Authority will not be, in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority is a party or is otherwise subject; and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, default or event could have an adverse effect on the Authority’s ability to perform its obligations under the Bonds or the other Authority Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the Bonds and the other Authority Documents and compliance by the Authority with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the Authority (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, or instrument, except as may be provided by the Authority Documents.

No Breach or Default. As of the time of acceptance hereof and hereof, (A) the Agency is not in default, nor has it been in default, as of to principal or interest with respect to an obligation issued by the Closing, except as otherwise disclosed in the Official Statement, the Authority is notAgency, and as of (B) the time of the Closing the Authority Agency is not and will not be, in any manner which would materially adversely affect the transactions contemplated by the Agency Documents, in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority Agency is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute constitute, in any manner which would materially adversely affect the transactions contemplated by the Agency Documents, a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability to perform its obligations under the Bonds or the Authority Documentsinstrument; and, as of such times, except as disclosed in the Official Statementtime, the authorization, execution, execution and delivery of the Bonds and the other Authority Agency Documents and compliance by the Authority with the provisions of each of such agreements or instruments does do not and will not not, in any manner which would materially adversely affect the transactions contemplated by the Agency Documents, conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority Agency (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority Agency Documents.

No Breach or Default. As of the time of acceptance hereof and as of the time of the Closing, except as otherwise disclosed in the Official Statement, to the Authority is not, and as best of the time of Agency's knowledge, the Closing the Authority Agency is not and will not be, be in material breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority Agency is a party or is otherwise subject; , and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a material default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability to perform its obligations under the Bonds or the Authority Documentsinstrument; and, as of such times, except as disclosed in the Official Statement, to the best of the Agency’s knowledge, the authorization, execution, execution and delivery of the Bonds and the other Authority Agency Documents and compliance by the Authority with the provisions of each of such agreements or instruments does do not and will not materially conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority Agency (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority Agency Documents.

No Breach or Default. As of the time of acceptance hereof and as of the time of the Closing, except as otherwise disclosed in the Official Statement, the Authority is not, not and as of the time of the Closing the Authority will not be, be in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesState, or any applicable judgment or decree or any trust agreementindenture, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority is a party or is otherwise subject; , which breach or default adversely affects the ability of the Authority to perform its obligations under the Authority Documents, and to the Authority’s knowledge, no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute such a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability to perform its obligations under the Bonds or the Authority Documentsinstrument; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, execution and delivery by the Authority of the Bonds and the other Authority Documents and compliance by the Authority with the provisions of each of such agreements or instruments does do not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesState, or any applicable judgment, decree, license, permit, trust agreementindenture, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the Authority (or any of its officers in their respective capacities as such) is subject, or by which it or any of its properties is bound; , nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the Authority Documents.