Common use of No Default for Third Party Obligations Clause in Contracts

No Default for Third Party Obligations. Borrower is not in default under any other agreement evidencing, guaranteeing or securing borrowed money or a receivables purchase financing or in violation of or in default under any material term in any other material agreement, instrument, order, decree or judgment of any court, arbitration or governmental authority to which it is a party or by which it is bound.

Appears in 4 contracts

Samples: Loan and Security Agreement (Cr Resorts Capital S De R L De C V), Development and Receivables Loan and Security Agreement (Signature Resorts Inc), Loan and Security Agreement (Equivest Finance Inc)

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No Default for Third Party Obligations. Borrower is not in default under any other material agreement evidencing, guaranteeing or securing borrowed money or a receivables purchase financing or in violation of or in default under any material term in any other material agreement, instrument, order, decree or judgment of any court, arbitration or governmental authority to which it is a party or by which it is bound.. 

Appears in 4 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (BBX Capital Corp)

No Default for Third Party Obligations. Borrower is not in default -------------------------------------- under any other agreement evidencing, guaranteeing or securing borrowed money or a receivables purchase financing or in violation of or in default under any material term in any other material agreement, instrument, order, decree or judgment of any court, arbitration or governmental authority to which it is a party or by which it is bound.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Sunterra Corp)

No Default for Third Party Obligations. Borrower is not in default under any other agreement evidencing, guaranteeing or securing borrowed money or a receivables purchase financing or in violation of or in default under any material term in any other material agreement, instrumentInventory, order, decree or judgment of any court, arbitration or governmental authority to which it is a party or by which it is bound.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunterra Corp)

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No Default for Third Party Obligations. Borrower is not in default under of any other agreement evidencing, guaranteeing or securing payment on account of indebtedness for borrowed money or of any repurchase obligations in connection with a receivables purchase financing financing, or in violation of or in default under any material term in any other material agreement, instrument, order, decree or judgment of any court, arbitration or governmental authority to which it is a party or by which it is bound.

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Resort Investment LLC)

No Default for Third Party Obligations. To the best Knowledge of Borrower, Borrower is not in default under any other agreement evidencing, guaranteeing or securing borrowed money or a receivables purchase financing or in violation of or in default under any material term in any other material agreement, instrument, order, decree or judgment of any court, arbitration or governmental authority to which it is a party or by which it is bound.

Appears in 1 contract

Samples: Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

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