Conflicting Transactions. The consummation of the transaction hereby contemplated and the performance of the obligations of Borrower and the Guarantor under and by virtue of the other Loan Documents will not result in any breach of, or constitute a default under, any lease, bank loan or credit agreement, or other agreement or instrument to which either the Borrower or the Guarantor is a party, bound or affected.
Appears in 2 contracts
Samples: Lot Acquisition Loan Agreement (Newmark Homes Corp), Lot Acquisition Loan Agreement (Newmark Homes Corp)
Conflicting Transactions. The consummation of the transaction hereby contemplated and the performance of the obligations of Borrower and the Guarantor under and by virtue of the other Loan Documents will not result in any breach of, or constitute a default under, any lease, bank loan or credit agreement, or other agreement or instrument to which either the Borrower or the Guarantor is a party, party or by which they may be bound or affected.
Appears in 2 contracts
Samples: Loan and Security Agreement (ARC Group, Inc.), Loan and Security Agreement (ARC Group, Inc.)
Conflicting Transactions. The consummation of the transaction hereby contemplated and the performance of the obligations of Borrower and the Guarantor under and by virtue of the other Loan Documents will not result in any breach of, or constitute a default under, any lease, bank loan or credit agreement, or other agreement or instrument to which either the Borrower or the Guarantor is a party, party or by which they may be bound or affected.
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