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

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof would result in the creation of a Lien (other than a Lien permitted under Section 7.02) on the property or assets of any party thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse Effect.

Appears in 12 contracts

Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.), Credit Agreement (B. Riley Financial, Inc.)

AutoNDA by SimpleDocs

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary of its Subsidiaries the Borrower (i) is a party to any Contractual Obligation (x) the compliance with one or more of which could reasonably be expected to have would have, in the aggregate, a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2 (Liens, Etc.)) on the property or assets of any party thereof or (ii) is subject to any one or more charter restriction or corporate restrictions that could reasonably be expected to would, in the aggregate, have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Alaris Medical Systems Inc), Credit Agreement (Us Concrete Inc), Credit Agreement (Knology Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof would result in the creation of a Lien (other than a Lien permitted under Section 7.02) on the property or assets of any party thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Babcock & Wilcox Co), Credit Agreement (Babcock & Wilcox Co), Credit Agreement (Babcock & Wilcox Co)

No Burdensome Restrictions; No Defaults. (a) Neither None of the Borrower nor or any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with one or more of which could reasonably be expected to have would have, in the aggregate, a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2 (Liens, Etc.)) on the property or assets of any party thereof or (ii) is subject to any one or more charter restriction or corporate restrictions that could reasonably be expected to would, in the aggregate, have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.02SECTION 8.2) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Paragon Trade Brands Inc), Credit Agreement (Granite Broadcasting Corp), Credit Agreement (Granite Broadcasting Corp)

No Burdensome Restrictions; No Defaults. (a) Neither the Administrative Borrower nor any of its Restricted Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.027.1) on the property or assets of any party thereof or (ii) is subject to any charter restriction restrictions in their respective Constituent Documents that could could, in the aggregate, be reasonably be expected to have result in a Material Adverse Effect.

Appears in 3 contracts

Samples: First Lien Term Loan Credit Agreement (Tousa Inc), Term Loan Credit Agreement (Tousa Inc), Revolving Credit Agreement (Tousa Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower Company nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2 (Liens, Etc.)) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Suntek Corp), Credit Agreement (Suntron Corp), Credit Agreement (Suntron Corp)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Restricted Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.027.1) on the property or assets of any party thereof or (ii) is subject to any charter restriction or corporate restrictions that could reasonably be expected to would, in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Technical Olympic Usa Inc), Credit Agreement (Technical Olympic Usa Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2 (Liens, Etc.)) on the property or assets of any party thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (McDermott International Inc), Credit Agreement (McDermott International Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2 (Liens, Etc.)) on the property or assets of any party thereof or (ii) is subject to any charter restriction or corporate restrictions that could reasonably be expected to would, in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Technical Olympic Usa Inc), Credit Agreement (Technical Olympic Usa Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Conseco Inc), Kasper a S L LTD

No Burdensome Restrictions; No Defaults. (a) Neither None of the Borrower nor any of its Restricted Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2) on the property or assets of any party thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

No Burdensome Restrictions; No Defaults. (a) Neither None of the Borrower nor any of its Subsidiaries Borrowers (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Paracelsus Healthcare Corp)

AutoNDA by SimpleDocs

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof would thereof, either unconditionally or upon the happening of an event, will result in the creation of a Lien (other than a Lien permitted under Section 7.027.3) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Agreement (Geneva Steel Co)

No Burdensome Restrictions; No Defaults. (a) Neither the Administrative Borrower nor any of its Restricted Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.027.1) on the property or assets of any party thereof or (ii) is subject to any charter restriction or corporate restrictions that could reasonably be expected to would, in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower No Credit Party nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof would thereof, either unconditionally or upon the happening of an event, will result in the creation of a Lien (other than a Lien permitted under Section 7.02excluding Permitted Liens) on the property or assets Assets of any party thereof Credit Party or its Subsidiaries, or (ii) is subject to any charter or corporate restriction that could reasonably be expected to have which has a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Starwood Lodging Corp)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could would reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any party thereof would thereof, either unconditionally or upon the happening of an event, will result in the creation of a Lien (other than a Lien granted pursuant to a Loan Document or otherwise permitted under Section 7.02hereby) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could which would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Covad Communications Group Inc)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien enforceable against such Person (other than a Lien permitted under Section 7.028.2) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Amr Corp)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower Group nor any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien permitted under Section 7.028.2) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Warnaco Group Inc /De/)

No Burdensome Restrictions; No Defaults. (a) Neither None of the Borrower nor or any of its Subsidiaries (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to would have a Material Adverse Effect or (y) the performance of which by any party thereof would thereof, either unconditionally or upon the happening of an event, will result in the creation of a Lien (other than a Lien granted pursuant to a Loan Document or otherwise permitted under Section 7.02hereby) on the property or assets of any party thereof or (ii) is subject to any charter or corporate restriction that could reasonably be expected to which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Intergraph Corp)

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