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 is a party to or bound by any Contractual Obligation, or subject to any charter or corporate restriction or any Requirement of Law, which has any reasonable likelihood of having a Material Adverse Effect.

Appears in 9 contracts

Samples: 364 Day Credit Agreement (Tyson Foods Inc), 364 Day Credit Agreement (Tyson Foods Inc), Five Year Credit Agreement (Tyson Foods Inc)

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No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries is a party to or bound by any Contractual Obligationcontract, or subject to any charter or corporate restriction or any Requirement of Lawlaw, which has any reasonable likelihood could reasonably be expected to result in a material adverse effect on the condition (financial or otherwise), business, operations, assets, liabilities or prospects of having the Borrower and its Subsidiaries, taken as a Material Adverse Effectwhole.

Appears in 2 contracts

Samples: Credit Agreement (Wiley John & Sons Inc), Credit Agreement (Wiley John & Sons Inc)

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No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries is a party to any indenture, loan or bound by credit agreement or any Contractual Obligation, lease or other agreement or instrument or subject to any charter or corporate restriction or any provision of applicable Legal Requirement of Law, which has any reasonable likelihood of having would reasonably be expected to have a Material Adverse Effect.. The Borrower and the Guarantors are not in default under or with respect to any contract, agreement, lease or other instrument to which the Borrower

Appears in 1 contract

Samples: Credit Agreement (Living Centers of America Inc)

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