Common use of No Defaults on Other Agreements Clause in Contracts

No Defaults on Other Agreements. Neither such Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such Borrower or any of its Subsidiaries, or the ability of such Borrower to carry out its obligations under the Facility Documents to which it is a party. Neither such Borrower nor any of its Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 5 contracts

Samples: Credit Agreement (Tridex Corp), Credit Agreement (Transact Technologies Inc), Credit Agreement (Tridex Corp)

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No Defaults on Other Agreements. Neither such Borrower nor any None of its the Borrowers and their respective Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such Borrower or any of its Subsidiaries, or the ability of such Borrower to carry out its obligations under the Facility Documents to which it is a party. Neither such Borrower None of the Borrowers nor any of its their respective Subsidiaries is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Cannondale Corp /)

No Defaults on Other Agreements. Neither such the Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such the Borrower or any of its Subsidiaries, or the ability of such the Borrower to carry out its obligations under the Facility Documents to which it is a partyDocuments. Neither such the Borrower nor any of its Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (First Aviation Services Inc)

No Defaults on Other Agreements. Neither such the Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such the Borrower or any of its Subsidiaries, or the ability of such the Borrower to carry out its obligations under this Agreement or any of the Facility Documents to which it is a partyNotes. Neither such the Borrower nor any of its Subsidiaries is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its a business to which it is a party.

Appears in 1 contract

Samples: Security Agreement (Hardinge Inc)

No Defaults on Other Agreements. Neither such the Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditionscondition, financial or otherwise, of such the Borrower or any of its Subsidiaries, or the ability of such the Borrower to carry out its obligations under the Facility Documents to which it is a party. Neither such the Borrower nor any of its Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Security Agreement (Allied Devices Corp)

No Defaults on Other Agreements. Neither such the Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such Borrower or any of its Subsidiaries, or the ability of such the Borrower to carry out its obligations under the Facility Documents to which it is a party. Neither such the Borrower nor any of its Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Transact Technologies Inc)

No Defaults on Other Agreements. Neither such the Borrower nor any of its Subsidiaries is a party to any indenture, mortgage or loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could would have a material adverse effect on the business, propertiesProperties, assets, operations or conditionsoperations, financial or otherwisecondition or, as far as the Borrower can reasonably foresee, prospects of such the Borrower or any of and its Subsidiaries, taken as a whole, or the ability of such the Borrower to carry out its obligations under this Agreement, the Facility Documents to which it is a partyNote or the Security Agreement. Neither such the Borrower nor any of its Subsidiaries is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Snacks Co)

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No Defaults on Other Agreements. Neither such the Borrower nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such the Borrower or any of its Subsidiaries, or the ability of such the Borrower to carry out its obligations under the Facility Documents to which it is a party. Neither such the Borrower nor any of its Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Universal American Financial Corp)

No Defaults on Other Agreements. Neither such the Borrower nor any Subsidiary of its Subsidiaries the Borrower is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could reasonably be expected to have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such the Borrower or any of such Subsidiary or its Subsidiaries, or the ability of such Borrower to carry out its obligations under the Facility Term Loan Documents to which it is a party. Neither such the Borrower nor any Subsidiary of its Subsidiaries the Borrower is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party, except where such default would not result in a material adverse effect on the business, properties, assets or financial condition of the Borrower or any Subsidiary of the Borrower.

Appears in 1 contract

Samples: Term Loan Agreement (Ivc Industries Inc)

No Defaults on Other Agreements. Neither such Borrower None of the Borrowers nor any of its their Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such Borrower or any of its Subsidiaries, or the ability of such Borrower to carry out its obligations under the Facility Documents to which it is a party. Neither such Borrower None of the Borrowers nor any of its their Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party, except for defaults which would not have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Biscayne Apparel Inc /Fl/)

No Defaults on Other Agreements. Neither such Borrower the Guarantor nor any of its Subsidiaries is a party to any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction which could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of such Borrower any Guarantor or any of its Subsidiaries, or the ability of such Borrower any Guarantor to carry out its obligations under the Facility Documents to which it is a party. Neither such Borrower the Guarantor nor any of its Subsidiaries is in default in any respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.

Appears in 1 contract

Samples: Guaranty (Standard Management Corp)

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