Common use of No Defaults Clause in Contracts

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 13 contracts

Samples: Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Black Warrior Wireline Corp), Loan Agreement (Fresh Foods Inc)

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No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $1,000,000.

Appears in 5 contracts

Samples: Loan Agreement (Katy Industries Inc), Loan and Security Agreement (Wabash National Corp /De), Loan Agreement (Katy Industries Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement and the other Loan Documents or Borrower's performance hereunderhereunder or thereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in defaultdefault with respect to any order, and no event has occurred and no condition exists which constituteswrit, injunction, judgment, decree or which with the passage of time or the giving of notice or both would constitute, a default in the payment rule of any Indebtedness to any Person for Money Borrowedcourt, governmental authority or arbitration board or tribunal.

Appears in 3 contracts

Samples: Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Executone Information Systems Inc), Loan and Security Agreement (Nations Flooring Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness debt to any Person for Money Borrowed.

Appears in 3 contracts

Samples: Financing Agreement (Simcala Inc), Financing Agreement (Simcala Inc), Financing Agreement (Emerge Interactive Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Advanced Technical Products Inc), Loan and Security Agreement (Advanced Technical Products Inc), Loan and Security Agreement (Gentiva Health Services Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $1,000,000.

Appears in 3 contracts

Samples: Loan Agreement (Katy Industries Inc), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 3 contracts

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (United Natural Foods Inc), Term Loan Agreement (United Natural Foods Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 3 contracts

Samples: Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money Borrowedin excess of $500,000.

Appears in 3 contracts

Samples: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Allied Healthcare Products Inc), Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

No Defaults. No event has occurred and no condition exists exists, other than those disclosed to Lender, which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both both, would constitute, a default in under any material agreement between Borrower and any Person, including the payment of any Indebtedness debt or other obligation permitted under this Agreement to any Person for Money Borrowedborrowed funds.

Appears in 2 contracts

Samples: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc), Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt of Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dixie Group Inc), Loan and Security Agreement (Dixie Group Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunderEffective Date, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $5,000,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt of a Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its the Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt of Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amerigroup Corp), Loan and Security Agreement (Metromedia International Group Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of Fifty Thousand Dollars ($50,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Meade Instruments Corp), Loan and Security Agreement (Meade Instruments Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, would constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money BorrowedBorrowed having a principal amount of $150,000 or more.

Appears in 2 contracts

Samples: Loan and Security Agreement (Houston Wire & Cable CO), Loan and Security Agreement (Houston Wire & Cable CO)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement and the Loan Documents or Borrower's any Loan Party’s performance hereunderhereunder or thereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Monster Worldwide Inc), Secured Revolving Credit Agreement (Monster Worldwide Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries Restricted Subsidiary is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither Borrower Borrowers nor any of its their Subsidiaries is are in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Eagle Supply Group Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any and none of its their respective Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Integra Lifesciences Corp), Loan and Security Agreement (Vista 2000 Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness of Borrower to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Theragenics Corp), Loan and Security Agreement (Theragenics Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, by a default Borrower under any Material Contract or in the payment of any Indebtedness Debt of a Borrower or a Subsidiary to any Person for Money BorrowedDebt.

Appears in 2 contracts

Samples: Credit Agreement (Ryerson Holding Corp), Credit Agreement (Ryerson Inc.)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 2 contracts

Samples: Loan and Security Agreement (First Aviation Services Inc), Loan and Security Agreement (Electronics Boutique Holdings Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries are or is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $250,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunderhereundxx, constitute xxxstitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Equipment Loan Note (Pure World Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt of any Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowe Companies)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or either Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither either Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any material Indebtedness for Money Borrowed to any Person for Money BorrowedPerson.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Lamina Inc)

No Defaults. No event has occurred and no condition exists exists, other ----------- than those disclosed to Lender, which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both both, would constitute, a default in under any material agreement between Borrower and any Person, including the payment of any Indebtedness debt or other obligation permitted under this Agreement to any Person for Money Borrowedborrowed funds.

Appears in 1 contract

Samples: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Except in respect to the Senior Notes, neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Northwestern Steel & Wire Co)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $250,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Rewards Network Inc)

No Defaults. No event has occurred and no condition exists ----------- which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Master Graphics Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunderhere under, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with with, the passage of time or the giving of notice or both would constituteconstitute a default, by a default Borrower under any Material Contract or in the payment of any Indebtedness Debt of a Borrower or a Subsidiary to any Person for Money BorrowedDebt.

Appears in 1 contract

Samples: Credit Agreement (J.M. Tull Metals Company, Inc.)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Parent, Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Emtec Inc/Nj)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement the Financing Document or Borrower's the Obligors' performance hereunder, constitute a Default or an Event of Default. Neither Borrower the Company nor any of its Subsidiaries Subsidiary is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Note Purchase Agreement (Rowecom Inc)

No Defaults. No event has occurred and no condition exists ----------- which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither None of any Borrower nor any of its any Borrower's Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Brazos Sportswear Inc /De/)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor or any of its Borrowers' respective Subsidiaries are or is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness of Borrower to any Person for Money Borrowedmoney borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Simione Central Holdings Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers’ performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor or any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Artesyn Technologies Inc)

No Defaults. No event or circumstance has occurred and no condition or exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute that constitutes a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event or circumstance has occurred and no condition or exists which constitutes, or which that with the passage of time or the giving of notice or both would constitute, constitute a default by Borrower or any of its Subsidiaries, under any Material Contract or in the payment of any Indebtedness to Borrowed Money or allow termination of any Person for Money BorrowedMaterial Contract.

Appears in 1 contract

Samples: Loan and Security Agreement (Nortech Systems Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default or, to the best of Borrower's knowledge, a Default. Neither any Borrower nor any of its Subsidiaries is in default, and and, to the best of Borrower's knowledge, no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Questron Technology Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers’ performance hereunder, constitute a Default or an Event of Default. Neither Borrower Borrowers nor any of its their Subsidiaries is are in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulfside Supply, Inc.)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowedmoney borrowed in excess of $500,000.

Appears in 1 contract

Samples: Loan and Security Agreement (United Industrial Corp /De/)

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No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries are or is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money BorrowedFunded Debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither Borrower Borrowers nor any of its their Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $300,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money BorrowedPerson.

Appears in 1 contract

Samples: Loan and Security Agreement (Dan River Inc /Ga/)

No Defaults. No event has occurred and no condition exists ------------ which would, upon or after the execution and delivery of this Agreement or either Borrower's performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

No Defaults. No event has occurred and no condition exists ----------- which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of default, with respect to any Indebtedness to of the Borrower or any Person of its Subsidiaries for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Moore Medical Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers’ performance hereunder, constitute a Default or an Event of Default. Neither Borrower Borrowers nor any of its their Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money BorrowedBorrowed in excess of $300,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its their Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Tmci Electronics Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its the Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness Debt of Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Rhodes Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the any execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Mothers Work Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its the Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt for Money Borrowed in excess of $250,000 of Borrower or a Subsidiary to any Person for Money BorrowedPerson.

Appears in 1 contract

Samples: Loan and Security Agreement (Pameco Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default in (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in in) the payment of any Indebtedness to any Person for Money Borrowedin excess of $500,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Deeter Foundry Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither None of Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt of Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear International Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Parent's or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Parent nor Borrower nor any of its their Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowecom Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor or any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Sed International Holdings Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither any Borrower nor any of its Subsidiaries is in default, default (and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of default) under any Indebtedness to any Person for Money BorrowedMaterial Contract.

Appears in 1 contract

Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness for Borrowed Money to any Person for Money BorrowedPerson.

Appears in 1 contract

Samples: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc)

No Defaults. No event has occurred and no condition exists ----------- which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

No Defaults. No event has occurred and no condition exists which ----------- would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness indebtedness of Borrower to any Person for Money BorrowedPerson.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrower s performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both both, would constitute, a default in under any material agreement between Borrower and any Person, including the payment of any Indebtedness debt or other obligation permitted under this Agreement to any Person for Money Borrowedborrowed funds.

Appears in 1 contract

Samples: Registration Rights Agreement (General Acceptance Corp /In/)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its the Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment (subject to any applicable grace period) of any Indebtedness Debt of Borrower or a Subsidiary to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Toms Foods Inc)

No Defaults. No Except as set forth on Exhibit 7.1.21, no event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any Subsidiary of its Subsidiaries a Borrower is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Plan Systems Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or any Borrower's ’s performance hereunder, constitute a Default or an Event of Default. Neither As of the Closing Date, no Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt for Money Borrowed of a Borrower or a Subsidiary to any Person for Money BorrowedPerson.

Appears in 1 contract

Samples: Credit Agreement (Superior Essex Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither None of Borrower nor any of its Borrower's Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Brazos Sportswear Inc /De/)

No Defaults. No event Default or Event of Default has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.would

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Real Estate Trust)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's Borrowers' performance hereunder, constitute a Default or an Event of Default. Neither No Borrower nor or any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed. No default exists int the performance by any Borrower of any of its obligations under any of the Acquisition Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Atlantic Premium Brands LTD)

No Defaults. No event has occurred and no condition 40 exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is not in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries Subsidiary is in default, and no event has occurred and no condition exists which constitutes, or which with the passage of time or the giving of notice or both would constitute, a default in the payment of any Indebtedness to any Person for Money Borrowed, except for defaults in the payment of any Indebtedness for Money Borrowed not in excess of $10,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Financial Performance Corp)

No Defaults. No event has occurred and no condition exists which would, upon or after the execution and delivery of this Agreement or Borrower's performance hereunder, constitute a Default or an Event of Default. Neither Borrower nor any of its Subsidiaries is in default, and no event has occurred and no condition exists which constitutes, constitutes or which with the passage of time or the giving of notice or both would constituteconstitute a default, a default under any Material Contract or in the payment of any Indebtedness Debt to any Person for Money Borrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Miltope Group Inc)

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