Common use of No Contractual Defaults Clause in Contracts

No Contractual Defaults. There are no defaults by the Borrower or, to the knowledge of the Borrower, by any other Person under any contract to which the Borrower is a party relating to any Mortgaged Property, including any management, rental, service, supply, security, maintenance or similar contract, other than defaults which do not permit the non-defaulting party to terminate the contract and which do not have, and are not reasonably expected to have, a Material Adverse Effect. Neither the Borrower nor, to the knowledge of the Borrower, any other Person, has received notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning any Mortgaged Property, which would have a Material Adverse Effect.

Appears in 2 contracts

Sources: Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc)

No Contractual Defaults. There are no defaults by the Borrower any Obligor or, to the actual knowledge of the Borrower, by any other Person under any contract to which the Borrower any Obligor is a party relating to any Mortgaged PropertyClosing Date Property (other than Leases, which are addressed in Section 3.26 below), including any management, rental, service, supply, security, maintenance maintenance, or similar contract, other than defaults which do not permit the non-defaulting party to terminate the contract and which do not have, and are not reasonably expected to have, cause a Material Adverse EffectChange. Neither the Borrower No Obligor nor, to the knowledge of the Borrower, any other Person, has received written notice or has any actual knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any such contracts affecting or concerning any Mortgaged Closing Date Property, which would have a Material Adverse Effect.

Appears in 2 contracts

Sources: Loan Modification Agreement (ExchangeRight Income Fund), Loan Agreement (ExchangeRight Income Fund)

No Contractual Defaults. There are no defaults by the Borrower or, to the knowledge of the Borrower, by any other Person under any contract to which the Borrower is a party relating to any Mortgaged Property, including any management, rental, service, supply, security, maintenance or similar contract, other than defaults which do not permit the non-defaulting party to terminate the contract and which do not have, and are not reasonably be expected to have, a Material Adverse Effect. Neither the Borrower nor, to the knowledge of the Borrower, any other Person, has received notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning any Mortgaged Property, which would have a Material Adverse Effect.

Appears in 1 contract

Sources: Master Reimbursement Agreement (Mid America Apartment Communities Inc)

No Contractual Defaults. There are no defaults by the Borrower ----------------------- or, to the knowledge of the Borrower, by any other Person under any contract to which the Borrower is a party relating to any Mortgaged Property, including any management, rental, service, supply, security, maintenance or similar contract, other than defaults which do not permit the non-defaulting party to terminate the contract and which do not have, and are not reasonably expected to have, a Material Adverse Effect. Neither the Borrower nor, to the knowledge of the Borrower, any other Person, has received notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning any Mortgaged Property, which would have a Material Adverse Effect.

Appears in 1 contract

Sources: Master Credit Facility Agreement (United Dominion Realty Trust Inc)

No Contractual Defaults. There are no defaults by the Borrower any Obligor or, to the knowledge of the Borrowereach Obligor, by any other Person under any contract to which the Borrower any Obligor is a party relating to any Mortgaged Propertyof the Real Properties, including any management, rental, service, supply, security, maintenance maintenance, or similar contract, other than defaults which do not permit the non-defaulting party to terminate the contract and which do not have, and are not reasonably be expected to have, a Material Adverse Effect. Neither the Borrower any Obligor nor, to the knowledge of the Borrowereach Obligor, any other Person, has received written notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning any Mortgaged Property, which would have a Material Adverse Effectof the Real Properties.

Appears in 1 contract

Sources: Loan and Security Agreement (Marimed Inc.)