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

No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.20, no Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, 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 or used in the conduct of its business is affected, which default could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Polyvision Corp)

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No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.20Schedule 3.7 hereto, no Borrower nor any Subsidiary nor any other Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, 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 or used in the conduct of its business is affected, which default could have a Material Adverse Effect.conduct

Appears in 1 contract

Samples: Loan Agreement (J&j Snack Foods Corp)

No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.204.20 hereto, no Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, 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 or used in the conduct of its business is affected, which default could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Moran Transportation Co)

No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.20Schedule 4.20 hereto, no Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, 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 or used in the conduct of its business is affected, which default could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Cantel Medical Corp)

No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.20Schedule 4.20 hereto, no neither the Borrower ------------- nor any other Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, order or judgment to which it is a party or by which it is bound, or any other agreement agree ment or other instrument by which any of the properties or assets owned by it or used in the conduct of its business is affected, which default could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Channell Commercial Corp)

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No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.204.19 hereto, no Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, 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 or used in the conduct of its business is affected, which default could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Mosler Inc)

No Defaults, Compliance with Laws. (a) Except as set forth on SCHEDULE 4.20Schedule 4.20 hereto, no Loan Party is in default under any agreement, ordinance, resolution, decree, determination, award, bond, note, indenture, mortgage, deed of trust, lease, writ, 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 or used in the conduct of its business is affected, which default could is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Private Business Inc)

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