Common use of No Contractual Defaults Clause in Contracts

No Contractual Defaults. There are no material defaults by Guarantor or, to the knowledge of Guarantor, by any other Person under any contract to which Guarantor is a party other than defaults which do not have, and are not reasonably be expected to have, a Material Adverse Effect on Guarantor. Neither Guarantor nor, to the knowledge of Guarantor, 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, which default would have, or which may reasonably be expected to have, a Material Adverse Effect on Guarantor.

Appears in 9 contracts

Samples: Master Credit Facility Agreement (Sun Communities Inc), Guaranty (VMS National Properties Joint Venture), Guaranty (VMS National Properties Joint Venture)

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