Common use of No Defaults Under Existing Agreements Clause in Contracts

No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrower of its obligations under the Loan Documents will not result in any breach of, or constitute a default under, the Senior Loan Documents, any other material Third Party Agreements or any mortgage, deed of trust, bank loan or security agreement, or other material instrument to which Borrower, Mortgagor or Principal are a party or by which the Property, the Borrower or the Principal are bound.

No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrower Borrowers or by any other parties signatory thereto of its their respective obligations under the Loan Documents will not result in any breach of, or constitute a default under, the Senior Loan Documents, any other material Third Party Agreements or any mortgage, deed of trust, bank loan or security agreement, or other material instrument to which Borrower, Borrowers or Mortgagor or Principal are a party or by which the Property, the Borrower Borrowers or the Principal Mortgagor or such other parties are bound.

No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrower of its obligations under the Loan Documents will not result in any breach of, or constitute a default under, the Senior Loan Documents, any other material Third Party Agreements or any mortgage, deed of trust, bank loan or security agreement, or other material instrument to which Borrower, Borrower or Mortgagor or Principal are a party or by which the Property, the Land or Borrower or the Principal Mortgagor are bound.