No Default Under Transaction Documents. The execution and delivery by the City of the Transaction Documents and the other documents contemplated hereby and by the Official Statement to be executed and delivered by the City, compliance with the provisions thereof, the approval of the use of the Official Statement, and the pledge of the funds deposited in the Debt Service Fund established pursuant to the Bond Ordinance to the owners of the Bonds do not conflict with or constitute on the part of the City a breach of or a default under any existing law, court or administrative regulation, decree, order, agreement, ordinance, indenture, mortgage or lease by which the City is or may be bound. No event has occurred and is continuing which with the lapse of time or the giving of notice, or both, would constitute a breach of or an event of default by the City under the Transaction Documents.
No Default Under Transaction Documents. No event has occurred and is continuing which with the lapse in time or the giving of notice, or both, would constitute an Event of Default under the Transaction Documents.
No Default Under Transaction Documents. No “default” or “event of default” under, and as defined in, any of the Transaction Documents has occurred and is continuing. The Corporation is not presently in default under any material agreement to which it is a party which could reasonably be expected to result in (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) or prospects of the Corporation; (b) a continuing material impairment of the ability of the Corporation to perform its obligations under any Transaction Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against the Corporation of any Transaction Document to which it is a party.
No Default Under Transaction Documents. The execution and delivery by the District of the Bonds, the Transaction Documents and the other documents contemplated hereby and by the Official Statement to be executed and delivered by the District, compliance with the provisions thereof, the approval of the use of the Official Statement, and the pledge of the District’s full faith and credit to the owners of the Bonds do not conflict with or constitute on the part of the District a breach of or a default under any existing law, court or administrative regulation, decree, order, agreement, resolution, indenture, mortgage or lease by which the District is or may be bound. No event has occurred and is continuing which with the lapse of time or the giving of notice, or both, would constitute a breach of or an event of default by the District under the Transaction Documents.
No Default Under Transaction Documents. The execution and delivery by the City of the Bonds, the Transaction Documents and the other documents contemplated hereby and by the Official Statement to be executed and delivered by the City, compliance with the provisions thereof, and the approval of the use of the Official Statement do not conflict with or constitute on the part of the City a breach of or a default under any existing law, court or administrative regulation, decree, order, agreement, ordinance, indenture, mortgage or lease by which the City is or may be bound. No event has occurred and is continuing which with the lapse of time or the giving of notice, or both, would constitute a breach of or an event of default by the City under the Transaction Documents.
No Default Under Transaction Documents. No Default or Event of Default exists with respect to such Borrower or will result from the incurring of any obligations under any Transaction Document by such Borrower.
No Default Under Transaction Documents. There shall not have occurred and be continuing any default or event of default under any of the Transaction Documents.
No Default Under Transaction Documents. No event has occurred and is continuing which, with the lapse of time or the giving of notice, or both, would constitute a breach of or an event of default by the City under the Transaction Documents to which it is a party and no event of default under the Transaction Documents will exist on the date of Closing.
