Not In Default Clause Samples

Not In Default. No Event of Default or other event which, with the giving of notice or the passage of time or both, would constitute an Event of Default under any Loan Document has occurred and is continuing.

Not In Default. BORROWER is not in default of any obligation, covenant or condition contained in any bond, debenture, note, or other indebtedness or any mortgage of collateral instrument securing the same.

Not In Default. Seller has not received any notice of default and, to the knowledge of any of its officers or directors, is not in default under: (a) Any order, writ, injunction, or decree of any court or any commission or other administrative agency. (b) Any Agreement or obligation to which it is a party or by which it is bound or to which it may be subject.

Not In Default. In the event of Tenant's default, said security deposit shall be applied, as a partial payment, on account of damages and loss or rent sustained by Landlord due to Tenant's default.

Not In Default. No Event of Default or Potential Default under any Loan Document has occurred and is continuing.

Not In Default. ▇▇▇▇ has not received any notice of default and, to the knowledge of any of its officers or directors, is not in default under:

Not In Default. The Lessee is not in default of any obligation, -------------- covenant or condition contained in any bond, debenture, note, or other evidence of indebtedness of any mortgage or collateral instrument securing the same.

Not In Default. Lessee warrants, to the best of its knowledge and belief, that it is not in arrears to the State for taxes or upon debt or contract and is not in default as surety, contractor or otherwise on any obligation to the State.

Not In Default. The Undersigned is not in default of any obligation, covenant, or condition contained in any bond, debenture, note, or other evidence of indebtedness or any mortgage, trust deed or collateral instrument securing the same.