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

No Default on Outstanding Judgments or Orders. Borrower and each of its Material Affiliates have satisfied all judgments which are not being appealed or which are not fully covered by insurance, and are not in default with respect to any judgment, order, 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.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Bay Apartment Communities Inc)

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No Default on Outstanding Judgments or Orders. Each of --------------------------------------------------- Borrower and each of its Material Affiliates have Guarantor has satisfied all judgments which are not being appealed or which are not fully covered by insurance, and are is not in default with respect to any judgment, order, writ, injunction, decree, rule or regulation binding on it of any court, arbitrator or federal, state, municipal or other Governmental Authority, commission, board, bureau, agency or instrumentality, domestic or foreign.

Appears in 1 contract

Samples: Loan Agreement (Taubman Centers Inc)

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No Default on Outstanding Judgments or Orders. Borrower ------------------------------------------------- and each of its Material Affiliates Mortgagor have satisfied all judgments which are not being appealed or which are not fully covered by insurance, and are not in default with respect to any judgment, order, 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.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)

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