Common use of No Defaults or Violations Clause in Contracts

No Defaults or Violations. Seller is not in default under any mortgage, deed of trust, indenture or other instrument or agreement to which Seller is a party or by which it or its properties are bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on Seller’s ability for perform its obligations hereunder.

Appears in 9 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement (Higher Education Funding I), Loan Purchase Agreement (Higher Education Funding I)

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No Defaults or Violations. Seller is not in default under any mortgage, deed of trust, indenture or other instrument or agreement to which Seller is a party or by which it or its properties are bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on Seller’s 's ability for to perform its obligations hereunder.

Appears in 5 contracts

Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc), Warehouse Loan and Security Agreement (Nelnet Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc)

No Defaults or Violations. Seller is not in default under any mortgage, deed of trust, indenture or other instrument or agreement to which Seller is a party or by which it or its properties are bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on Seller’s ability for to perform its obligations hereunder.

Appears in 3 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement (Goal Capital Funding, LLC), Loan Purchase Agreement (Goal Capital Funding, LLC)

No Defaults or Violations. Seller is not in default under any mortgage, deed of trust, indenture or other instrument or agreement to which Seller is a party or by which it or its properties are bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on Seller’s 's ability for perform its obligations hereunder.

Appears in 1 contract

Samples: Loan Sale and Commitment Agreement (Nelnet Inc)

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No Defaults or Violations. Seller is not in default under any mortgage, deed of trust, indenture or other instrument or agreement to which Seller seller is a party or by which it or its properties are bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on Seller’s 's ability for to perform its obligations hereunder.

Appears in 1 contract

Samples: Loan Purchase Agreement (Nelnet Inc)

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