Common use of No Prohibited Acts Clause in Contracts

No Prohibited Acts. Borrower shall not have taken any action or permitted any condition to exist which would have been prohibited by any provision of this Agreement or the Loan Documents.

Appears in 11 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

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No Prohibited Acts. Borrower shall not have taken any action or permitted any condition to exist which would have been prohibited by any provision of this Agreement or the Loan Documents.

Appears in 9 contracts

Samples: Loan Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc)

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No Prohibited Acts. Borrower shall not have taken any action or permitted any condition to exist which that would have been prohibited by any provision of this Agreement or the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

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