Common use of No Default on Outstanding Judgments or Orders Clause in Contracts

No Default on Outstanding Judgments or Orders. Each of the Borrower and its Subsidiaries has satisfied all material judgments and neither the Borrower nor any Subsidiary is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, which would, in any one case or in the aggregate, have a Materially Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Core Inc), Credit Agreement (Donegal Group Inc), Credit Agreement (Donegal Group Inc)

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No Default on Outstanding Judgments or Orders. Each The Borrowers and each of their Subsidiaries have satisfied all judgments and none of the Borrower and its Subsidiaries has satisfied all material judgments and neither the Borrower Borrowers nor any Subsidiary of their Subsidiaries is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which would, are not material in any one case or amount and are being contested in good faith by the aggregate, have a Materially Adverse EffectBorrowers in appropriate proceedings.

Appears in 3 contracts

Samples: Credit Agreement (Act Manufacturing Inc), Credit Agreement (Computer Task Group Inc), Credit Agreement (Computer Task Group Inc)

No Default on Outstanding Judgments or Orders. Each of the Borrower and its Significant Subsidiaries has satisfied all material judgments and neither the Borrower nor any Subsidiary of its Subsidiaries is in default with respect to any judgment, writ, injunction, decree, law, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, which would, in any one case default has or in the aggregate, may reasonably be expected to have a Materially Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Seneca Foods Corp /Ny/), Credit Agreement (Seneca Foods Corp /Ny/)

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No Default on Outstanding Judgments or Orders. Each of the The Borrower and each of its Subsidiaries has satisfied all material judgments by which they are bound and neither the Borrower nor any Subsidiary of its Subsidiaries is in default (i) with respect to any judgment, writ, injunction, decree, rule or regulation decree of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, which would, foreign having jurisdiction or (ii) in any one case material respect with respect to any rule or in the aggregate, have a Materially Adverse Effectregulation of any such entity.

Appears in 1 contract

Samples: Credit Agreement (Technology Flavors & Fragrances Inc)

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