Common use of Conflicting Transactions of Borrower Clause in Contracts

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.

Appears in 1 contract

Sources: Construction Loan Agreement (Emeritus Corp\wa\)

Conflicting Transactions of Borrower. The consummation of the transactions transaction hereby contemplated and the performance of the obligations of Borrower and the or 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, bank 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.;

Appears in 1 contract

Sources: Loan Agreement (JLM Industries Inc)