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 Borrowers or by any other parties signatory thereto of 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 Borrowers or Mortgagor are a party or by which the Property, the Borrowers or the Mortgagor or such other parties are bound.

No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrowers or by any other parties signatory thereto Borrower of their respective 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 Borrowers Borrower, Mortgagor or Mortgagor Principal are a party or by which the Property, the Borrowers Borrower or the Mortgagor or such other parties Principal are bound.

No Defaults Under Existing Agreements. The consummation of the transactions contemplated hereby and the performance by Borrowers or by any other parties signatory thereto Borrower of their respective 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 Borrowers Borrower or Mortgagor are a party or by which the Property, the Borrowers Land or the Borrower or Mortgagor or such other parties are bound.