Common use of No Conflict; No Default Clause in Contracts

No Conflict; No Default. The execution, delivery and performance of the Loan Documents will not (a) violate any provision of any law, statute, rule or regulation or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having applicability to the Borrower or any Subsidiary, (b) violate or contravene any provision of the Constituent Documents of the Borrower or any Subsidiary, (c) result in a breach of or constitute a default under any indenture, loan or credit agreement or any other agreement, lease or instrument to which the Borrower or any Subsidiary is a party or by which it or any of its properties may be bound (after giving effect to the transactions contemplated on the Closing Date) or (d) result in the creation of any Lien thereunder other than Liens under the Loan Documents. Neither the Borrower nor any Subsidiary is in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or other agreement, lease or instrument in any case in which the consequences of such default or violation could reasonably be expected to result in a Material Adverse Occurrence.

No Conflict; No Default. The execution, delivery and performance by the Borrower of the Loan Documents will not (a) violate any provision of any law, statute, rule or regulation (including, without limitation, Minnesota Statute Section 302A.673) or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having applicability to the Borrower or any SubsidiaryBorrower, (b) violate or contravene any provision provisions of the Constituent Documents Articles of Incorporation or Bylaws of the Borrower Borrower, or any Subsidiary, (c) result in a breach of or constitute a default under any indenture, loan or credit agreement or any other agreement, lease or instrument to which the Borrower or any Subsidiary is a party or by which it or any of its properties may be bound (after giving effect to the transactions contemplated on the Closing Date) or (d) result in the creation of any Lien thereunder on any asset of the Borrower, other than Liens under in favor of the Loan DocumentsLender and Permitted Liens. Neither the The Borrower nor any Subsidiary is not in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or other agreement, lease or instrument in any case in which the consequences of such default or violation could reasonably be expected to result in a Material constitute an Adverse OccurrenceEvent.

No Conflict; No Default. The execution, delivery and performance by the Borrower of the Loan Documents will not (a) violate any provision of any law, statute, rule or regulation (including, without limitation, Minnesota Statute Section 302A.673) or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having applicability to the Borrower or any SubsidiaryBorrower, (b) violate or contravene any provision provisions of the Constituent Documents Articles of Incorporation or Bylaws of the Borrower Borrower, or any Subsidiary, (c) result in a breach of or constitute a default under any indenture, loan or credit agreement or any other agreement, lease or instrument to which the Borrower or any Subsidiary is a party or by which it or any of its properties may be bound (after giving effect to the transactions contemplated on the Closing Date) or (d) result in the creation of any Lien thereunder on any asset of the Borrower, other than Liens under in favor of the Loan DocumentsLender and Permitted Liens. Neither the The Borrower nor any Subsidiary is not in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or other agreement, lease or instrument in any case in which the consequences of such default or violation could reasonably be expected to result constitute an Adverse Event. The Borrower is not in a Material Adverse Occurrencedefault under the Lease or any Loan Document (as such term is defined in the January Discretionary Credit Agreement).

No Conflict; No Default. The execution, delivery and performance by the Borrower of the Loan Documents will not (a) violate any provision of any law, statute, rule or regulation or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having applicability to the Borrower or any SubsidiaryBorrower, (b) violate or contravene any provision provisions of the Constituent Documents Borrower’s Certificate of Incorporation or the Borrower Borrower’s Bylaws or any Subsidiaryshareholder control agreement respecting the Borrower, or (c) result in a breach of or constitute a default under any indenture, loan or credit agreement or any other agreement, lease or instrument to which the Borrower or any Subsidiary is a party or by which it or any of its properties may be bound (after giving effect to the transactions contemplated on the Closing Date) or (d) result in the creation of any Lien thereunder on any asset of the Borrower, other than Liens under the Loan DocumentsPermitted Liens. Neither the The Borrower nor any Subsidiary is not in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or other agreement, lease or instrument in any case in which the consequences of such default or violation could reasonably be expected to result in a Material have an Adverse OccurrenceEffect.

No Conflict; No Default. The execution, delivery and performance by the Borrower of the Loan Documents will not (a) violate any provision of any law, statute, rule or regulation (including, without limitation, Minnesota Statute Section 302A.673) or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having applicability to the Borrower or any SubsidiaryBorrower, (b) violate or contravene any provision provisions of the Constituent Documents Articles of Incorporation or Bylaws of the Borrower Borrower, or any Subsidiary, (c) result in a breach of or constitute a default under any indenture, loan or credit agreement or any other agreement, lease or instrument to which the Borrower or any Subsidiary is a party or by which it or any of its properties may be bound (after giving effect to the transactions contemplated on the Closing Date) or (d) result in the creation of any Lien thereunder on any asset of the Borrower, other than Liens under in favor of the Loan DocumentsLender and Permitted Liens. Neither the The Borrower nor any Subsidiary is not in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or other agreement, lease or instrument in any case in which the consequences of such default or violation could reasonably be expected to result constitute an Adverse Event. The Borrower is not in a Material Adverse Occurrencedefault under the Lease or any Loan Document (as such term is defined in the January Discretionary Credit Agreement) and the May Discretionary Credit Agreement.

No Conflict; No Default. The execution, delivery and performance by the Borrower of the Loan Documents will not (a) violate any provision of any law, statute, rule or regulation (including, without limitation, Minnesota Statute Section 302A.673) or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having applicability to the Borrower or any SubsidiaryBorrower, (b) violate or contravene any provision provisions of the Constituent Documents Articles of Incorporation or Bylaws of the Borrower Borrower, or any Subsidiary, (c) result in a breach of or constitute a default under any indenture, loan or credit agreement or any other agreement, lease or instrument to which the Borrower or any Subsidiary is a party or by which it or any of its properties may be bound (after giving effect to the transactions contemplated on the Closing Date) or (d) result in the creation of any Lien thereunder on any asset of the Borrower, other than Liens under in favor of the Loan DocumentsLender and Permitted Liens. Neither the The Borrower nor any Subsidiary is not in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or other agreement, lease or instrument in any case in which the consequences of such default or violation could reasonably be expected to result constitute an Adverse Event. The Borrower is not in a Material Adverse Occurrencedefault under the Lease or any Loan Document.