Common use of No Events of Default Clause in Contracts

No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract to which Borrower is a party or by which Borrower or any property of Borrower is bound. (c) Borrower’s execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any violation of law, or be in conflict with or constitute a default under any term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 7 contracts

Samples: Loan and Security Agreement (Youngevity International, Inc.), Loan and Security Agreement, Loan and Security Agreement (BTHC X Inc)

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No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract material contract, agreement or instrument to which Borrower is a party or by which Borrower or any of property of Borrower is bound. (c) Borrower’s The execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any violation of lawsuch material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, nonrenewal of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 6 contracts

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

No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract to which Borrower is a party or by which Borrower or any property of Borrower is bound. (c) Borrower’s execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any material violation of law, or be in conflict with or constitute a default under any term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mint Leasing Inc), Loan and Security Agreement (XZERES Corp.)

No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract material contract, agreement or instrument to which Borrower is a party or by which Borrower or any property of Borrower is bound. (c) Borrower’s The execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any material violation of law, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, nonrenewal of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 1 contract

Samples: Loan and Security Agreement (Jagged Peak, Inc.)

No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract to which Borrower is a party or by which Borrower or any property of Borrower is bound, other than defaults resulting from the filing of the Chapter 11 Case. (c) Borrower’s execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any material violation of law, or be in conflict with or constitute a default under any term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 1 contract

Samples: Loan and Security Agreement (Valence Technology Inc)

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No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract material contract, agreement or instrument to which Borrower is a party or by which Borrower or any of property of Borrower is bound, except as disclosed in Section 8.4(b) of Borrower’s Disclosure Schedule. (c) Borrower’s The execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any violation of lawsuch material violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, nonrenewal of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 1 contract

Samples: Loan and Security Agreement (InterMetro Communications, Inc.)

No Events of Default. (a) No Event of Default has occurred and is continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract material contract, agreement or instrument to which Borrower is a party or by which Borrower or any property of Borrower is bound. (c) Borrower’s execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any material violation of law, or be in conflict with or constitute a default under any term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 1 contract

Samples: Loan and Security Agreement (Reeds Inc)

No Events of Default. (a) No Event of Default has occurred and is continuing continuing, and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. (b) Borrower is not in default under any Material Contract to which Borrower is a party or by which Borrower or any property of Borrower is bound. (c) Borrower’s execution, delivery and performance of and compliance with this Agreement and the other Loan Documents will not, with or without the passage of time or giving of notice, result in any violation of law, or be in conflict with or constitute a default under any term or provision, or result in the creation of any Lien upon any of Borrower’s properties or assets or the suspension, revocation, impairment, forfeiture or nonrenewal, of any permit, license, authorization or approval applicable to Borrower, or any of its businesses or operations or any of its assets or properties.

Appears in 1 contract

Samples: Loan and Security Agreement (1847 Holdings LLC)

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