Common use of Status and Condition Clause in Contracts

Status and Condition. Borrower is solvent, in stable financial condition and is able to and does pay its liabilities as they mature. Except as otherwise disclosed on Exhibit 10(j) attached hereto, Borrower is not a party to any labor dispute or any collective bargaining contract.

Appears in 2 contracts

Samples: Motor Vehicle Installment Contract (Ugly Duckling Corp), Registration Rights Agreement (General Acceptance Corp /In/)

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Status and Condition. Borrower is solvent, in stable financial condition and is able to and does pay its liabilities as they mature. Except as otherwise disclosed on Exhibit 10(j10.0(j) attached hereto, Borrower is not a party to any labor dispute or any collective bargaining contract.

Appears in 2 contracts

Samples: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc), Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)

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