No Current Default Sample Clauses

No Current Default. Contractor is not currently in default of the Agreement.
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No Current Default. Except as set forth in Schedule 2.20(d), none of the Companies is currently in default and the Shareholder has no knowledge of the occurrence of any event which may cause any of the Companies to default upon any obligation arising under any construction agreement, or that would trigger the right of any person or entity to claim payment under any performance bond, payment bond, fidelity bond, bid bond, federal Millxx Xxx bond or state law bond patterned after the federal Millxx Xxx, or other form of surety bond listing any of the Companies as principal.
No Current Default. The Seller is not in violation of any term of its Certificate of Incorporation or Bylaws. Except as may be disclosed on Schedule 4.1(f) hereto, and except where the failure to comply would not have a Material Adverse Effect, the Seller has complied in all respects with all agreements, leases, contracts, licenses, instruments, notes, mortgage, indentures, or other obligations, commitments, understandings, undertakings and arrangements, whether written or oral ("Contracts") to which the Seller is a party or by which the Seller or its assets are bound or subject. There does not currently exist any event of default under any such agreement or any event which, after notice or lapse of time or both, would constitute an event of default under such agreement, plan, arrangement or commitment, in each case to the extent that such failure to comply, event of default or event that would constitute an event of default would result in a Material Adverse Effect.
No Current Default. CONTRACTOR is not currently in default of the Agreement.

Related to No Current Default

  • Payment Default Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

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