Common use of No Prohibited Action Clause in Contracts

No Prohibited Action. Neither the Parent, the Company nor the Subsidiary shall have taken any action or permitted any condition to exist which would constitute a Default or an Event of Default.

Appears in 2 contracts

Samples: Bond Purchase Agreement (Southwest Water Co), Bond Purchase Agreement (Southwest Water Co)

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No Prohibited Action. Neither the Parent, the Company nor the Subsidiary shall have taken any action or permitted any condition to exist which would constitute a Default or an Event of Default.

Appears in 1 contract

Samples: Bond Purchase Agreement (Southwest Water Co)

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No Prohibited Action. Neither the Parent, Parent nor the Company nor the Subsidiary shall have taken any action or permitted any condition to exist which would constitute a Default or an Event of Default.

Appears in 1 contract

Samples: Bond Purchase Agreement (Southwest Water Co)

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