Common use of No Defaults, Compliance with Laws Clause in Contracts

No Defaults, Compliance with Laws. The Borrower is not in default in any material respect under any agreement, ordinance, resolution, decree, bond, note, indenture, order or judgment to which it is a party or by which it is bound, or any other agreement or other instrument by which any of the properties or assets owned by it is materially affected.

Appears in 54 contracts

Samples: Loan Agreement (Gouverneur Bancorp, Inc./Md/), Loan Agreement (NorthEast Community Bancorp, Inc./Md/), Loan Agreement (William Penn Bancorporation)

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No Defaults, Compliance with Laws. The Borrower is not in default in any material respect under any agreement, ordinance, resolution, decree, bond, note, indenture, order or judgment judgement to which it is a an party or by which it is bound, or any other agreement or other instrument by which any of the properties or assets owned by it is materially affected.

Appears in 9 contracts

Samples: Loan Agreement (Connecticut Bancshares Inc/De), Loan Agreement (Indian Village Bancorp Inc), Loan Agreement (Security Financial Bancorp Inc)

No Defaults, Compliance with Laws. The Borrower is not in default in any material respect under any agreement, ordinance, resolution, decree, bond, note, indenture, order or judgment judgement to which it is a party or by which it is bound, or any other agreement or other instrument by which any of the properties or assets owned by it is materially affected.

Appears in 8 contracts

Samples: Loan Agreement (BV Financial, Inc.), Loan Agreement (SI Financial Group, Inc.), Loan Agreement (Newport Bancorp Inc)

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No Defaults, Compliance with Laws. The Borrower is not in default in any material respect under any agreement, ordinance, resolution, decree, bond, note, indenture, order or judgment to which it is a an party or by which it is bound, or any other agreement or other instrument by which any of the properties or assets owned by it is materially affected.

Appears in 1 contract

Samples: Loan Agreement (Indian Village Bancorp Inc)

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