Common use of Absence of Existing Defaults Clause in Contracts

Absence of Existing Defaults. The Company is not in violation or default of (i) any provision of its amended and restated certificate of incorporation and bylaws, (ii) the terms of any indenture, contract, lease, mortgage, deed of trust, note agreement, loan agreement or other agreement, obligation, condition, covenant or instrument to which it is a party or bound or to which its property is subject, except for any such violation or default that would not, singly or in the aggregate, result in a Material Adverse Effect or (iii) any (x) statute, law, rule, regulation, or (y) judgment, order or decree of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Company or any of its properties, assets or operations (each, a “Governmental Entity”), except for any such conflict, breach or violation that would not, singly or in the aggregate, result in a Material Adverse Effect.