No Defaults definition

No Defaults. Borrower is not in default with respect to any agreement to which it is a party or by which it is bound. The execution and performance of this Restated Agreement and any other document or instrument to be delivered hereunder or as a supplement hereto will not violate any law or the terms of the incorporation documents or bylaws of Borrower, nor will it violate or result in a default or in the creation or imposition of any lien or encumbrance upon any of the assets of Borrower (immediately, with the passage of time, or with the giving of notice and the passage of time) under any other contract, agreement or instrument to which Borrower is a party or by which Borrower is bound, nor will it result in the acceleration of any obligation under any mortgage, lien, lease, franchise, license, permit, agreement, instrument, order, arbitration award, judgment, or decree, or in the termination of any license, franchise, lease, or permit, to which Borrower is a party or by which it is bound; and it will not violate or conflict with any other restriction of any kind or character to which Borrower is subject.
Sample 1
No Defaults. The Corporation is not in default of any material term, covenant or condition under or in respect of any judgment, order, agreement or instrument to which it is a party or to which it or any of the property or assets thereof are or may be subject, and no event has occurred and is continuing, and no circumstance exists which has not been waived, which constitutes a default in respect of any commitment, agreement, document or other instrument to which the Corporation is a party or by which it is otherwise bound entitling any other party thereto to accelerate the maturity of any amount owing thereunder or which could have a material adverse effect upon the condition (financial or otherwise), capital, property, assets, operations or business of the Corporation.
Sample 1
No Defaults. Except as set forth on SCHEDULE 3.17 no Seller is in default (nor is any such default alleged to exist) under the terms of any written or oral contract, agreement, lease, license, mortgage, deed of trust, note, guaranty, instrument or understanding (collectively, "Contracts") to which it is a party or to which any of its assets, business or operations is subject, nor has any condition or event occurred, nor, to Sellers' knowledge is any condition or event threatened, which, after notice or the passage of time, or both, would constitute a default under any Contract. To Sellers' knowledge, no such default, condition or event exists or is alleged to exist with respect to the performance of any obligation of any other party to any of the Contracts.
Sample 1

Examples of No Defaults in a sentence

  • No Defaults or Events of Default exist or occur upon authorization, execution or delivery of this Contract.

  • No Defaults or Events of Default exist, other than the Noticed Events of Default.

  • Section 4.02 Authority, Approval and Enforceability Section 4.03 No Defaults or Consents Section 4.04 No Proceedings Section 4.05 Securities ARTICLE V.

  • No Defaults or Events of Default exist or occur upon authorization, execution or delivery of this Agreement.

  • Section 4.11 Payment of Taxes Section 4.12 Properties Section 4.13 Environmental Matters Section 4.14 No Defaults Section 4.15 Governmental Regulation Section 4.16 Margin Stock Section 4.17 Employee Benefit Plans Section 4.18 Solvency Section 4.19 Compliance with Statutes, Etc.

  • No Defaults or Violations..........................................

  • No Defaults on Outstanding Judgments or Orders.....................................................

  • CONDITIONS TO FUNDING 29 4.1 Representations True and No Defaults 29 4.2 Intentionally Omitted 30 4.3 Compliance With Law 30 4.4 Notice of Borrowing and Other Documents.

  • The Repeated Representations (being each of the representations set out in Clause 15.1 (Status) to Clause 15.9 (No Defaults)) shall be deemed to be repeated by the Borrower by reference to the facts and circumstances then existing on the date on which each Advance is made or is to be made.

  • No Defaults...................................................................


More Definitions of No Defaults

No Defaults. None of the Corporation or any Subsidiary is in default of any material term, covenant or condition under or in respect of any judgement, order, agreement or instrument to which it is a party or to which it or any of the property or assets thereof are or may be subject, and no event has occurred and is continuing, and no circumstance exists which has not been waived, which constitutes a default in respect of any commitment, agreement, document or other instrument to which the Corporation or any Subsidiary is a party or by which it is otherwise bound entitling any other party thereto to accelerate the maturity of any amount owing thereunder or which could have a material adverse effect upon the condition (financial or otherwise), capital, property, assets, operations or business of the Corporation or any Subsidiary.
Sample 1

Related to No Defaults

  • Material Leases has the meaning set forth in Section 3.7(a).

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Material Lease has the meaning set forth in Section 3.17(a).

  • Default means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Ground Leases shall have the meaning set forth in Section 4.15.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • Subject Leases means, for any Asset Review, all 20[•]-[•] Leases which are 60-Day Delinquent Leases as of the end of the Collection Period immediately preceding the related Review Satisfaction Date.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Material Agreements has the meaning set forth in Section 2.6.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Other Leases means, collectively, the Lease Agreements between Landlord, or an Affiliate of Landlord, and Tenant with respect to the properties described on Exhibit B, but excluding any Lease Agreements terminated pursuant to their terms or by mutual agreement of the parties.

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Event of Default has the meaning specified in Section 8.01.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Facility Leases means agreements for the lease by the Company or any of its Subsidiaries or Joint Ventures of real estate utilized as a vehicle parking facility and/or for ancillary parking and transportation services.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Lease Documents has the meaning set forth in the Basic Servicing Agreement; provided that such definition shall refer only to lease documents related to Leases allocated to the 2016-B Lease SUBI.

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.