Common use of No Other Violations Clause in Contracts

No Other Violations. Borrower is not in violation of any term of its Certificate of Incorporation or By-laws and, to the best of Borrower’s knowledge, no event or condition has occurred and is continuing which constitutes or results in (or would constitute or result in, with the giving of notice, lapse of time or other condition) (a) a breach of, or a default under, any agreement, undertaking or instrument to which Borrower is a party or by which it or any of its property may be affected, or (b) the imposition of any Lien on any property of Borrower. To the best of Borrower’s knowledge, no Guarantor is in breach or default under any agreement, undertaking or instrument to which any such Guarantor is a party or by which he/it or his/its property may be affected, nor does any condition exist which would constitute such a breach or default or result in the imposition of any Lien on any Property of any such Guarantor.

Appears in 4 contracts

Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)

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No Other Violations. Neither Borrower is not in violation of any term of its Certificate of Incorporation or By-laws and, to the best of each Borrower’s 's knowledge, no event or condition has occurred and is continuing which constitutes or results in (or would constitute or result in, with the giving of notice, lapse of time or other condition) ) (a) a breach of, or a default under, any agreement, undertaking or instrument to which either Borrower is a party or by which it or any of its property may be affected, or (b) the imposition of any Lien on any property of either Borrower. To the best of each Borrower’s 's knowledge, no Guarantor is in breach or default under any agreement, undertaking or instrument to which any such the Guarantor is a party or by which he/it or his/its property may be affected, nor does any condition exist which would constitute such a breach or default or result in the imposition of any Lien on any Property of any such Guarantor.

Appears in 1 contract

Samples: Loan and Security Agreement (A Consulting Team Inc)

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No Other Violations. Borrower is not in violation of any term of its Certificate of Incorporation or By-laws and, to the best of Borrower’s 's knowledge, no event or condition has occurred and is continuing which constitutes or results in (or would constitute or result in, with the giving of notice, lapse of time or other condition) ) (a) a breach of, or a default under, any agreement, undertaking or instrument to which Borrower is a party or by which it or any of its property may be affected, or (b) the imposition of any Lien on any property of Borrower. To the best of Borrower’s 's knowledge, no the Guarantor is not in breach or default under any agreement, undertaking or instrument to which any such the Guarantor is a party or by which he/it he or his/its his property may be affected, nor does any condition exist which would constitute such a breach or default or result in the imposition of any Lien on any Property of any such the Guarantor.

Appears in 1 contract

Samples: Loan and Security Agreement (A Consulting Team Inc)

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