Common use of No default under other Indebtedness Clause in Contracts

No default under other Indebtedness. neither the Borrower nor any other Security Party is in Default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 2 contracts

Samples: Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.)

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No default under other Indebtedness. neither to the knowledge of the Directors/Officers of the Borrower nor any and the other Security Party Parties, none of the Borrower and the other Security Parties is in Default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

No default under other Indebtedness. to the knowledge of the Directors/Officers of the Borrower and the other Security Parties, neither the Borrower nor any other Security Party is in Default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

No default under other Indebtedness. to the knowledge of the Directors/Officers of each of the Borrowers and the other Security Parties, neither the Borrower Borrowers (or either of them) nor any other Security Party is in Default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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No default under other Indebtedness. neither the Borrower Borrowers nor any other Security Party is in Default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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