Common use of Not In Default Clause in Contracts

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

Appears in 14 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement

Not In Default. The No Borrower is not in default of any obligation, covenant, covenant or condition contained in any bond, debenture, note, or other evidence of indebtedness or any mortgage or collateral instrument securing the samesame or any other material agreement.

Appears in 3 contracts

Sources: Term Promissory Note (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp)

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

Appears in 1 contract

Sources: Loan Agreement (Tetridyn Solutions Inc)

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

Appears in 1 contract

Sources: Loan Agreement (Lynch Corp)

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

Appears in 1 contract

Sources: Loan Agreement (Ricex Co)

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

Appears in 1 contract

Sources: Credit Facility Agreement (Gas Transmission Northwest Corp)