Common use of No Default Under Other Agreements Clause in Contracts

No Default Under Other Agreements. To the best of Seller's knowledge, Seller is not in default, and no condition exists that with notice or lapse of time or both would constitute a material default, under any mortgage, deed of trust, indenture, or other instrument or agreement to which it is a party or by which it or any of its properties or assets may be bound, that would have a material adverse effect on any of the transactions contemplated by, or on its ability to perform its obligations under, this Agreement or the Bill xx Sale, and it is not in breach of any Applicable Law that would have a material adverse effect on any of the transactions contemplated by, or on its ability to perform its obligations under, this Agreement or the Bill xx Sale.

No Default Under Other Agreements. To the best of SellerACE's knowledge, Seller ACE is not in default, and no condition exists that with notice or lapse of time or both would constitute a material default, under any mortgage, deed of trust, indenture, or other instrument or agreement to which it is a party or by which it or any of its properties or assets may be bound, that would have a material adverse effect on any of the transactions contemplated by, or on its ability to perform its obligations under, this Agreement or the Bill xx Sale, and it is not in breach of any Applicable Law that would have a material adverse effect on any of the transactions contemplated by, or on its ability to perform its obligations under, this Agreement or the Bill xx Sale.

No Default Under Other Agreements. To the best of SellerBuyer's knowledge, Seller Buyer is not in default, and no condition exists that with notice or lapse of time or both would constitute a material default, under any mortgage, deed of trust, indenture, or other instrument or agreement to which it is a party or by which it or any of its properties or assets may be bound, that would have a material adverse effect on any of the transactions contemplated by, or on its ability to perform its obligations under, this Agreement or the Bill xx Sale, and it is not in breach of any Applicable Law that would have a material adverse effect on any of the transactions contemplated by, or on its ability to perform its obligations under, this Agreement or the Bill xx Sale.