Common use of Other Agreements; No Defaults Clause in Contracts

Other Agreements; No Defaults. Borrower is not a party to indentures, loan or credit agreements, leases or other agreements or instruments, or subject to any articles of incorporation or corporate restrictions that materially restrict the ability of Borrower to carry out its obligations under the Loan Documents to which it is a party. Except as set forth on Schedule 2.1(j), Borrower is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party, including but not limited to this Agreement and the other Loan Documents, and no other default or event has occurred and is continuing that with notice or the passage of time or both would constitute a default or event of default under any of same.

Appears in 1 contract

Samples: Loan Agreement (Paysys International Inc)

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Other Agreements; No Defaults. Borrower is not a party to indenturesany indenture, loan or credit agreementsagreement, leases lease or other agreements agreement or instrumentsinstrument, or subject to any articles restriction, that could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of incorporation Borrower, or corporate restrictions that materially restrict the ability of Borrower to carry out its obligations under the Loan Documents to which it is a party. Except as set forth on Schedule 2.1(j), Borrower is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party, including but not limited to this Agreement and the other Loan Documents, and no other default or event has occurred and is continuing that with notice or the passage of time or both would constitute a default or event of default under any of same.

Appears in 1 contract

Samples: Loan Agreement (Network Event Theater Inc)

Other Agreements; No Defaults. Borrower is not a party to indenturesany indenture, loan or credit agreementsagreement, leases lease or other agreements agreement or instrumentsinstrument, or subject to any articles of incorporation charter or corporate restrictions restriction, that materially restrict could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of the Borrower, or the ability of the Borrower to carry out its obligations under the Loan Documents to which it is a party. Except as set forth on Schedule 2.1(j), Borrower is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party, including but not limited to this Agreement and the other Loan Documents, and no other default or event has occurred and is continuing that with notice or the passage of time or both would constitute a default or event of default under any of same.

Appears in 1 contract

Samples: Loan Agreement (Horizon Medical Products Inc)

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Other Agreements; No Defaults. Borrower is not a party to indenturesany indenture, loan or credit agreementsagreement, leases lease or other agreements agreement or instrumentsinstrument, or subject to any articles of incorporation charter or corporate restrictions restriction, that materially restrict could have a material adverse effect on the business, properties, assets, operations or conditions, financial or otherwise, of Borrower, or the ability of Borrower to carry out its obligations under the Loan Documents to which it is a party. Except as set forth on Schedule 2.1(j), Borrower is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument material to its business to which it is a party, including but not limited to this Agreement and the other Loan Documents, and no other default or event has occurred and is continuing that with notice or the passage of time or both would constitute a default or event of default under any of same.

Appears in 1 contract

Samples: Loan Agreement (Metrisa Inc)

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