Common use of No Burdensome Obligations; No Defaults Clause in Contracts

No Burdensome Obligations; No Defaults. No Loan Party is a party to any Contractual Obligation, no Loan Party has Constituent Documents containing obligations, and, to the knowledge of any of the Loan Parties, there are no applicable Requirements of Law, in each case the compliance with which would have, in the aggregate, a Material Adverse Effect. No Loan Party (and, to the knowledge of each Loan Party, no other party thereto) is in default under or with respect to any Contractual Obligation of any Loan Party, other than those that would not, in the aggregate, have a Material Adverse Effect.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Genesis Healthcare, Inc.), Revolving Credit Agreement (Genesis Healthcare, Inc.), Credit Agreement (Genesis Healthcare, Inc.)

AutoNDA by SimpleDocs

No Burdensome Obligations; No Defaults. No Loan Party is a party to any Contractual Obligation, no Loan Party has Constituent Governing Documents containing obligations, and, to the knowledge of any of the Loan PartiesParty, there are no applicable Requirements of Law, in each case the compliance with which would have, in the aggregate, a Material Adverse Effect. No Loan Party (and, to the knowledge of each Loan Party, no other party thereto) is in default under or with respect to any Contractual Obligation of any Loan Party, other than those that would not, in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Agreement (Bombay Co Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!