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

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary of the Borrower is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary of the Borrower is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary None of the Borrower or any of its Subsidiaries (i) is a party to any Contractual Obligation the compliance with one or more of which would have, in the aggregate, a Material Adverse Effect or the performance of which by any 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 8.2 (Liens, Etc.)) on the assets of any thereof or (ii) is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary None of the Borrower or any of its Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrowerany Loan Party, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrowerany Loan Party, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary None of the Borrower Company or any of its Subsidiaries (i) is a party to any Contractual Obligation the compliance with one or more of which would have, in the aggregate, a Material Adverse Effect or the performance of which by any 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 8.2 (Liens, Etc.)) on the assets of any thereof or (ii) is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary None of the Borrower Company or any of its Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrowerany Loan Party, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrowerany Loan Party, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither No Loan Party and none of their respective Subsidiaries (i) is a party to any Contractual Obligation the Borrower nor compliance with one or more of which would have, in the aggregate, a Material Adverse Effect or the performance of which by any Subsidiary thereof, either unconditionally or upon the happening of an event, would result in the Borrower creation of a Lien (other than a Lien permitted under Section 8.2 (Liens, Etc.)) on the assets of any thereof or (ii) is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary of the Borrower its Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any a Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary of its Subsidiaries (i) is a party to any Contractual Obligation the Borrower performance of which by any 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 8.2 (Liens, Etc.)) on the property or assets of any thereof or (ii) is subject to one or more any charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary of the Borrower its Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any a Loan Party, other than, in either case, those defaults that, that in the aggregate, aggregate would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither No Group Member (i) is a party to any Contractual Obligation the Borrower nor compliance with one or more of which would have, in the aggregate, a Material Adverse Effect or the performance of which by any Subsidiary thereof, either unconditionally or upon the happening of an event, would result in the Borrower creation of a Lien (other than a Lien permitted under Section 8.2 (Liens, Etc.)) on the assets of any thereof or (ii) is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary of the Borrower No Group Member is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Restricted Subsidiary of any Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Restricted Subsidiary of any Loan Party the compliance with which by such Loan Party or such Restricted Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither No Group Member (i) is a party to any Contractual Obligation the Borrower nor compliance with one or more of which would have, in the aggregate, a Material Adverse Effect or the performance of which by any Subsidiary thereof, either unconditionally or upon the happening of an event, would result in the Borrower creation of a Lien (other than a Lien permitted under Section 8.1 (Liens)) on the assets of any thereof or (ii) is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary of the Borrower No Group Member is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the BorrowerCompany, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Credit Party or to any Subsidiary of any Loan Credit Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the BorrowerCompany, there are no Requirements of Law applicable to any Loan Credit Party or any Subsidiary of any Loan Credit Party the compliance with which by such Loan Credit Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary of its Restricted Subsidiaries (i) is a party to any Contractual Obligation the Borrower performance of which by any 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 7.1) on the property or assets of any thereof or (ii) is subject to one or more any charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. (b) There is no default or event of default outstanding under the Existing Credit Agreement. Neither the Borrower nor any Subsidiary of the Borrower its Restricted Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any Loan Party, other than, in either case, those defaults that, that in the aggregate, aggregate would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any Subsidiary of its Subsidiaries (i) is a party to any Contractual Obligation the Borrower compliance with which would have a Material Adverse Effect or the performance of which by any 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 8.2) on the property or assets of any thereof or (ii) is subject to one or more any charter or corporate restrictions that would, in the aggregate, restriction which would have a Material Adverse Effect. (b) Neither the Borrower nor any Subsidiary of the Borrower its Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any a Loan Party, other than, in either case, those defaults that, which in the aggregate, aggregate would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are is no Requirements Requirement of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, would have a Material Adverse Effect.

No Burdensome Restrictions; No Defaults. (a) Neither the No Borrower nor any Subsidiary of its Subsidiaries is a party to any Contractual Obligation the Borrower is subject to one or more charter or corporate restrictions that would, in the aggregate, compliance with which would have a Material Adverse EffectEffect in the aggregate or the performance of which by any 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 8.2 (Liens, Etc.)) on the property or assets of any thereof. (b) Neither Other than defaults occurring as a result of the Borrower filing of the Cases, neither the Borrowers nor any Subsidiary of the Borrower their respective Subsidiaries is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the each Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any a Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. (c) No Default or Event of Default has occurred and is continuing. (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.. 86 Credit Agreement EXIDE TECHNOLOGIES