Conflicting Transactions of Borrower Sample Clauses
The "Conflicting Transactions of Borrower" clause defines restrictions or prohibitions on the borrower entering into agreements or transactions that would conflict with the terms of the current loan or financing arrangement. Typically, this clause prevents the borrower from taking on additional debt, granting security interests, or making commitments to other parties that could undermine the lender's rights or the priority of their claim. By setting these boundaries, the clause ensures that the lender's interests are protected and reduces the risk of the borrower's obligations to others interfering with their ability to fulfill the terms of the current agreement.
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Conflicting Transactions of Borrower. The consummation of the transactions hereby contemplated and the performance of the obligations of the Borrower under and by virtue of the Loan Documents will not result in any breach of, or constitute a default under, any mortgage, deed of trust, promissory note, lease, loan or credit agreement, partnership agreement or other instrument, document or agreement to which the Borrower or any Guarantor is a party or by which it is bound or affected.
Conflicting Transactions of Borrower. The consummation of the transactions hereby contemplated and the performance of the obligations of Borrower and the Guarantor under and by virtue of the Loan Documents will not result in any breach of, or constitute a default under, any mortgage, deed of trust, lease, loan or credit agreement, corporate charter, bylaws, articles of partnership or other instrument to which Borrower or the Guarantor is a party or by which it or the Premises may be bound or affected.
Conflicting Transactions of Borrower. That the consummation of the transactions hereby contemplated and the performance of the obligations of Borrower under and by virtue of the Loan Documents will not result in any breach of, or constitute a default under any lease, bank loan or credit agreement, partnership agreement, or other instrument to which Borrower is a party or by which it may be bound or affected. Pending Litigation. That there are no actions, suits, or proceedings pending, or to the knowledge of Borrower threatened against or affecting it or involving the validity or enforceability of any of the Loan Documents at law or in equity, or before or by any governmental authority.
Conflicting Transactions of Borrower. The execution and delivery of this Agreement by Borrower and the performance of its obligations hereunder will not, to the best of Borrower’s knowledge, conflict with any provision of any law or regulation to which Borrower is subject, or conflict with, result in a breach of, or constitute a default under, any of the terms, conditions or provisions of any of Borrower’s organizational documents or any agreement or instrument to which Borrower a party or by which it is bound, or any order or decree applicable to the Borrower, or result in the creation or imposition of any lien on any of the Borrower’s assets or property.