Common use of No Defaults Under Existing Agreements Clause in Contracts

No Defaults Under Existing Agreements. The transactions contemplated hereby and the performance by Borrower of Xxxxxxxx’s obligations under the Borrower Loan Documents and the Funding Loan Documents will not result in any breach of or default under any deed of trust, mortgage, lease, loan, security agreement or any other agreement to which Borrower is a party or may be bound or affected.

Appears in 1 contract

Samples: Construction and Permanent Loan Agreement

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No Defaults Under Existing Agreements. The transactions contemplated hereby and the performance by Borrower of XxxxxxxxBorrower’s obligations under the Borrower Loan Documents and the Funding Loan Documents will not result in any breach of or default under any deed of trust, mortgage, lease, loan, security agreement or any other agreement to which Borrower is a party or may be bound or affected.

Appears in 1 contract

Samples: Construction and Permanent Loan Agreement

No Defaults Under Existing Agreements. The transactions contemplated hereby and the performance by Borrower of XxxxxxxxBorrower’s obligations under the Borrower Loan Documents and the Funding Loan Documents will not result in any breach of or default under any other deed of trust, mortgage, lease, loan, security agreement or any other agreement to which Borrower is a party or may be bound or affected.

Appears in 1 contract

Samples: Funding Loan Agreement

No Defaults Under Existing Agreements. The transactions contemplated hereby and the performance by Borrower of Xxxxxxxx’s Borrower‟s obligations under the Borrower Loan Documents and the Funding Loan Documents will not result in any breach of or default under any deed of trust, mortgage, lease, loan, security agreement or any other agreement to which Borrower is a party or may be bound or affected.

Appears in 1 contract

Samples: Construction and Permanent Loan Agreement

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No Defaults Under Existing Agreements. The transactions contemplated hereby and the performance by Borrower of Xxxxxxxx’s obligations under the Borrower Loan Documents and the Funding Loan Documents will not result in any breach of or default under any other deed of trust, mortgage, lease, loan, security agreement or any other agreement to which Borrower is a party or may be bound or affected.

Appears in 1 contract

Samples: Funding Loan Agreement

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