Common use of No Conflict; No Default Clause in Contracts

No Conflict; No Default. The execution, delivery and performance by each 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 such Borrower, (b) violate or contravene any provision of the Certificate of Formation, Articles of Incorporation, bylaws or limited liability company agreement, as applicable, of such 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 such Borrower is a party or by which it or any of its properties may be bound or result in the creation of any Lien thereunder. No Borrower 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 constitute a Material Adverse Occurrence.

Appears in 2 contracts

Samples: Credit Agreement (Golden Oval Eggs LLC), Credit Agreement (Golden Oval Eggs LLC)

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No Conflict; No Default. The execution, delivery and performance by each 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 such the Borrower, (b) violate or contravene any provision provisions of the Certificate of Formation, Articles of Incorporation, bylaws Incorporation or limited liability company agreement, as applicable, Bylaws of such 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 such the Borrower is a party or by which it or any of its properties may be bound or result in the creation of any Lien thereunderon any asset of the Borrower, other than Liens in favor of the Bank. No The Borrower 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 constitute a Material an Adverse OccurrenceEvent.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Aura Systems Inc)

No Conflict; No Default. The execution, delivery and performance by the Parent, the Borrower and each Borrower of their Subsidiaries of the Loan Documents to which it is a party 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 such BorrowerPerson, (b) violate or contravene any provision of the Certificate of Formation, Articles of Incorporation, bylaws or limited liability company agreement, as applicable, constituent documents of such BorrowerPerson, 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 such Borrower Person is a party or by which it or any of its properties may be bound or result in the creation of any Lien thereunder. No Neither the Parent, nor the Borrower nor any of their Subsidiaries 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 constitute a Material Adverse Occurrence.

Appears in 1 contract

Samples: Credit Agreement (Lecg Corp)

No Conflict; No Default. The execution, delivery and performance by each 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 such the Borrower, (b) violate or contravene any provision provisions of the Certificate Articles (or Certificate) of Formation, Articles Incorporation of Incorporation, bylaws or limited liability company agreement, as applicable, of such 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 such the Borrower is a party or by which it or any of its properties may be bound or result in the creation of any Lien thereunderon any asset of the Borrower or any Subsidiary. No 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 constitute a Material an Adverse OccurrenceEvent.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Health Risk Management Inc /Mn/)

No Conflict; No Default. The execution, delivery and performance by each the Borrower of the Borrower 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 such the Borrower, (b) violate or contravene any provision of the Certificate of Formation, Articles of Incorporation, bylaws or limited liability company agreement, as applicable, partnership agreement of such 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 such the Borrower is a party or by which it or any of its properties may be bound or result in the creation of any Lien thereunder. No The Borrower 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 constitute a Material Adverse Occurrence.

Appears in 1 contract

Samples: Credit Agreement (Electromed, Inc.)

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No Conflict; No Default. The execution, delivery and performance by each Borrower the Borrowers 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 such Borrowerthe Borrowers, (b) violate or contravene any provision provisions of the Certificate Constituent Documents or any other organizational documents of Formation, Articles of Incorporation, bylaws or limited liability company agreement, as applicable, of such Borrowerthe Borrowers, 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 such either Borrower is a party or by which it or any of its such Borrower’s properties may be bound or result in the creation of any Lien thereunderon any asset of such Borrower. No Borrower is The Borrowers are 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 constitute a Material an Adverse OccurrenceEvent. No Default or Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Bridge Loan Agreement (Granite City Food & Brewery LTD)

No Conflict; No Default. The execution, delivery and performance by each the Borrower of this Agreement and the other Loan Documents Documents, does not and 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 such the Borrower, (b) violate or contravene any provision of the Certificate articles of Formation, Articles incorporation or bylaws of Incorporation, bylaws or limited liability company agreement, as applicable, of such Borrowerthe Borrower , or (c) result in a breach of or constitute a default under any mortgage, indenture, loan or credit agreement or any other agreement, lease or instrument to which such the Borrower is a party or by which it or any of its properties may be bound or result in the creation of any Lien lien thereunder. No Borrower The is not currently 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 constitute have a Material Adverse Occurrencematerial adverse effect on the business, operations, properties, assets or condition (financial or otherwise) of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Mercury Waste Solutions Inc)

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