Common use of No Conflict; No Default Clause in Contracts

No Conflict; No Default. The execution, delivery and performance by each Credit Party 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 Articles or Certificates of Incorporation, bylaws or partnership agreement of such Credit Party, 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 Credit Party 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 Credit Party 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 would reasonably be expected to constitute a Material Adverse Occurrence.

Appears in 2 contracts

Samples: Credit Agreement (Sunlink Health Systems Inc), Credit Agreement (Sunlink Health Systems Inc)

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No Conflict; No Default. The execution, delivery and performance by each Credit Party of the Borrower of the Loan Documents to which such Borrower is a party, including such Borrower’s receipt and use of the proceeds of the borrowing evidenced by this Note, 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 Articles or Certificates of Incorporation, bylaws or partnership agreement provisions of such Credit PartyBorrower’s organizational or governing documents, 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 Credit Party Borrower is a party or by which it such Borrower or any of its properties may be bound or result in the creation of any Lien thereunderlien, security interest or other encumbrance (collectively, “Liens") on any of its assets, other than Liens in favor of Lender and other than Permitted Liens (as defined in the Security Agreement). No Credit Party nor any Subsidiary None of the 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 material respect which the consequences of such default or violation would reasonably be expected to constitute have a Material Adverse Occurrencematerial adverse effect.

Appears in 1 contract

Samples: Merger Agreement (Ats Medical Inc)

No Conflict; No Default. The execution, delivery and performance by each Credit Party 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 Articles or Certificates of Incorporation, bylaws or partnership agreement of such Credit PartyBorrower, 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 Credit Party 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 Credit Party 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 would reasonably be expected to could constitute a Material Adverse Occurrence.

Appears in 1 contract

Samples: Credit Agreement (Sunlink Health Systems Inc)

No Conflict; No Default. The execution, delivery and performance by the Borrower and each Credit Party Subsidiary 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 Articles of Incorporation or Certificates of Incorporation, bylaws or partnership agreement of such Credit PartyPerson, 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 Credit Party 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 Credit Party 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 would reasonably be expected to could constitute a Material Adverse Occurrence.

Appears in 1 contract

Samples: Credit Agreement (Matrix Bancorp Inc)

No Conflict; No Default. The execution, delivery and performance by each Credit Party 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 provisions of the Articles of Incorporation or Certificates Bylaws of Incorporation, bylaws or partnership agreement of such Credit PartyBorrower, 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 Credit Party 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 Borrower, other than Liens in favor of Lender. No Credit Party nor any Subsidiary 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 would reasonably be expected to constitute a Material Adverse Occurrencematerial.

Appears in 1 contract

Samples: Term Loan Agreement (Resource America Inc)

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No Conflict; No Default. The execution, delivery and performance by each Credit Party of the Loan Documents to which it is a party will not (ai) 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 BorrowerCredit Party, (bii) violate or contravene any provision of the Articles or Certificates of Incorporation, bylaws or partnership agreement Organizational Documents of such Credit Party, or (ciii) 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 Credit Party 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 To the Borrower's knowledge, no Credit Party 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 would could reasonably be expected to constitute result in a Material Adverse OccurrenceChange.

Appears in 1 contract

Samples: Loan Agreement (Investors Real Estate Trust)

No Conflict; No Default. The execution, delivery and performance by each Credit Party 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 of the Articles of Incorporation or Certificates bylaws of Incorporation, bylaws or partnership agreement of such Credit Partythe 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 Credit Party 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 Credit Party nor any Subsidiary 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 would reasonably be expected to could constitute a Material Adverse Occurrence.

Appears in 1 contract

Samples: Loan Agreement (American Crystal Sugar Co /Mn/)

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