No Burdensome Agreements. The Borrower is not a party to or bound by any agreement or instrument or subject to any restriction the performance or observance of which now has or, as far as the Borrower can reasonably foresee, may have a materially adverse effect, financial or otherwise, upon the assets or business of the Borrower.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Cemtrex Inc)
No Burdensome Agreements. The Borrower is not a party to any contract or bound by any agreement or instrument or and is not subject to any restriction contingent liability that does or may impair Borrower's ability to perform under the terms of this Agreement. This execution and performance of this Agreement will not cause a default under any other contract or observance agreement to which Borrower or any property of which now has orBorrower is subject, as far as and will not result in the Borrower can reasonably foreseeimposition of any charge, may have a materially adverse effectpenalty, financial lien or otherwise, upon the assets or business other encumbrance against any of the Borrower's property except in favor of bank.
Appears in 1 contract
No Burdensome Agreements. The Borrower is not a party to any agreement, instrument or bound by any agreement or instrument undertaking, or subject to any restriction other restriction: (a) which materially adversely affects or may in the performance or observance of which now has or, as far as future so affect the Borrower can reasonably foresee, may have a materially adverse effectproperty, financial condition or otherwisebusiness operations of Borrower, or (b) under or pursuant to which Borrower is or will be required to place (or under which any other person may place) a lien upon any of its properties securing Indebtedness either upon demand or upon the assets happening of a condition, with or business of the Borrowerwithout such demand.
Appears in 1 contract
No Burdensome Agreements. The Borrower is not a party to or bound by any agreement or instrument or subject to any restriction (including any restriction set forth in Borrower's organizational documents) which could materially adversely affect the performance operations, businesses, properties, or observance financial condition of Borrower, none of which now has or, as far as the Borrower can reasonably foresee, may have are presently in default or subject to a materially adverse effect, financial or otherwise, upon the assets or business condition of the Borrowerdefault.
Appears in 1 contract
Samples: Loan Agreement (United Foods Inc)
No Burdensome Agreements. The Borrower is not a party to or bound by any agreement or instrument or subject to any restriction the performance or observance of (including any restriction set forth in its constating documents) which now has or, as far as the Borrower can would reasonably foresee, may be expected to have a materially adverse effectMaterial Adverse Effect on its material operations, business, Assets or financial or otherwise, upon the assets or business of the Borrowercondition.
Appears in 1 contract
No Burdensome Agreements. The Borrower is not a party to or bound by any agreement or instrument or subject to any restriction the performance or observance of which restrictions that now has have or, as far as the Borrower can reasonably foreseebe foreseen, may could have a materially material adverse effect, financial or otherwise, upon the assets or business of the effect on Borrower.
Appears in 1 contract
Samples: Credit Agreement (Gargoyles Inc)
No Burdensome Agreements. The Borrower is not a party to any agreement, instrument or bound by any agreement or instrument undertaking, or subject to any restriction other restriction, (i) which materially adversely affects or may in the performance or observance of which now has or, as far as future so affect the Borrower can reasonably foresee, may have a materially adverse effectproperty, financial or otherwise, upon the assets condition or business operations of the Borrower, or (ii) under or pursuant to which the Borrower is or will be required to place (or under which any other person may place) a lien upon any of its properties securing indebtedness either upon demand or upon the happening of a condition, with or without such demand.
Appears in 1 contract
Samples: Term Loan Agreement