Common use of No Defaults on Other Agreements Clause in Contracts

No Defaults on Other Agreements. Neither 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 would have a Materially Adverse Effect. Neither 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 2 contracts

Samples: Credit Agreement (Donegal Group Inc), Credit Agreement (Donegal Group Inc)

AutoNDA by SimpleDocs

No Defaults on Other Agreements. Neither 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 would have a Materially Adverse Effect. Neither 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 instrument, including prospectuses and investment policies, material to its business to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Core Inc), Credit Agreement (Core Inc)

No Defaults on Other Agreements. Neither None of the Borrower Borrowers nor any of its their 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 would could reasonably be expected to have a Materially Material Adverse Effect. Neither None of the Borrower Borrowers nor any of its their 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 2 contracts

Samples: Credit Agreement (Act Manufacturing Inc), Credit and Security Agreement (Option Care Inc/De)

No Defaults on Other Agreements. Neither 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 would could have a Materially Material Adverse Effect. Neither 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 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Hardinge Inc), Revolving Credit and Term Loan Agreement (Hardinge Inc)

No Defaults on Other Agreements. Neither None of the Borrower nor any of its Borrowers or their respective 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 would could have a Materially Adverse Effect. Neither material adverse effect on the Borrower nor any of its Subsidiaries is in default in any material respect in the performancebusiness, observance or fulfillment of any of the obligationsproperties, covenants or conditions contained in any agreement or instrument material to its business to which it is a party.assets, operations or

Appears in 1 contract

Samples: Credit Agreement (Amscan Holdings Inc)

AutoNDA by SimpleDocs

No Defaults on Other Agreements. Neither None of the Borrower Borrowers nor any of its their 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 would could reasonably be expected to have a Materially Material Adverse Effect. Neither None of the Borrower Borrowers nor any of its their 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 (Huttig Building Products Inc)

No Defaults on Other Agreements. Neither the Borrower Borrowers nor any of its their 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 would is reasonably likely to have a Materially Adverse Effect. Neither material adverse effect on the Borrower nor business, properties, assets, operations or conditions, financial or otherwise, of the Borrowers or any of its Subsidiaries is in default in any material respect in their Subsidiaries, taken as a whole, or the performance, observance or fulfillment of any ability of the obligations, covenants or conditions contained in any agreement or instrument material Borrowers to its business carry out their obligations under the Facility Documents to which it is they are a party.

Appears in 1 contract

Samples: Credit Agreement (Farrel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!