Common use of No Suspension or Debarment Clause in Contracts

No Suspension or Debarment. Neither the Borrower nor any Affiliate nor any of their respective directors, officers or employees has received any notice of, or information concerning, any proposed, contemplated or initiated suspension or debarment, be it temporary or permanent, due to an administrative or a statutory basis, of the Borrower or any Affiliate by any Governmental Authority. The Borrower and each Affiliate further warrants and represents that neither the Borrower nor any Affiliate has defaulted under any Government Contract which default would be a basis of terminating such Government Contract.

Appears in 3 contracts

Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Sensytech Inc), Financing and Security Agreement (Halifax Corp)

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No Suspension or Debarment. Neither the any Borrower nor any Affiliate nor any of their respective directors, officers or employees has received any notice of, or information concerning, any proposed, contemplated or initiated suspension or debarment, be it temporary or permanent, due to an administrative or a statutory basis, of the any Borrower or any Affiliate by any Governmental Authority. The Each Borrower and each Affiliate further warrants and represents that neither the no Borrower nor any Affiliate has defaulted under any Government Contract which default would be a basis of terminating such Government Contract.

Appears in 2 contracts

Samples: Financing and Security Agreement (Spacehab Inc \Wa\), Financing and Security Agreement (Spacehab Inc \Wa\)

No Suspension or Debarment. Neither No Borrower nor, to the Borrower nor knowledge of any Borrower, any Affiliate nor any of their respective directors, officers or employees has received any notice of, or information concerning, any proposed, contemplated or initiated suspension or debarment, be it temporary or permanent, due to an administrative or a statutory basis, of the any Borrower or any Affiliate by any Governmental Authority. The Borrowers further warrant and represent that no Borrower and each Affiliate further warrants and represents that neither nor, to the Borrower nor knowledge of Borrowers, any Affiliate has defaulted under any Government Contract which default would be a basis of terminating such Government Contract.

Appears in 2 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

No Suspension or Debarment. Neither Borrower nor, to the Borrower nor knowledge of Borrower, any Affiliate nor any of their respective directors, officers or employees has received any notice of, or information concerning, any proposed, contemplated or initiated suspension or debarment, be it temporary or permanent, due to an administrative or a statutory basis, of the Borrower or any Affiliate by any Governmental Authority. The Borrower and each Affiliate further warrants and represents that neither Borrower nor, to the Borrower nor knowledge of Borrower, any Affiliate has defaulted under any Government Contract which default would be a basis of terminating such Government Contract.

Appears in 1 contract

Samples: Financing and Security Agreement (Gp Strategies Corp)

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No Suspension or Debarment. Neither the Borrower Borrowers nor any Affiliate nor any of their respective directors, officers or employees has received any notice of, or information concerning, any proposed, contemplated or initiated suspension or debarment, be it temporary or permanent, due to an administrative or a statutory basis, of the Borrower or any Affiliate by any Governmental Authority. The Borrower Each of the Borrowers and each Affiliate further warrants and represents that neither the Borrower nor any Affiliate has defaulted under any Government Contract which default would be a basis of terminating such Government Contract.

Appears in 1 contract

Samples: Financing and Security Agreement (Versar Inc)

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