No Event of Default; Compliance with Instruments. No Event of Default or Potential Default has occurred and is continuing. Neither the Company nor any of its Subsidiaries is in violation of (i) any term of its certificate of incorporation, by-laws, or other organizational documents or (ii) any agreement or instrument or order, writ, judgment, injunction or decree to which it is a party or by which it or any of its Properties may be subject or bound where such violation individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Sources: Multicurrency Revolving Credit Facility (Borders Group Inc), Credit Agreement (Borders Group Inc)
No Event of Default; Compliance with Instruments. No Event of Default or Potential Default has occurred and is continuing. Neither the Company nor any of its Subsidiaries is in violation of (i) any term of its certificate of incorporation, by-laws, or other organizational documents or (ii) any agreement or instrument or order, writ, judgment, injunction or decree to which it is a party or by which it or any of its Properties properties may be subject or bound where such violation individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract