Common use of No Defaults or Restrictions Clause in Contracts

No Defaults or Restrictions. There is no outstanding default under any agreement or instrument to which the Borrower is a party or by which it or its properties is or may be bound, nor does there exist any restriction under the organizational documents of the Borrower which could cause a material adverse effect on the business, properties, operations or condition, financial or otherwise, of the Borrower.

No Defaults or Restrictions. There is no outstanding declared default under any agreement or instrument to which the Borrower is a party or by which it or its properties is or may be bound, nor does there exist any restriction under in the organizational documents Organizational Documents of the Borrower which could that causes or would cause a material adverse effect on the business, properties, operations or condition, financial or otherwise, of the Borrower.

No Defaults or Restrictions. There is no outstanding declared default under any agreement or instrument to which the Borrower is a party or by which it or its properties is or may be bound, nor does there exist any restriction under in the organizational documents of the Borrower which could Borrower’s Organizational Documents that causes or would cause a material adverse effect on the business, properties, operations or condition, financial or otherwise, of the Borrower.