Contractual Defaults. Neither it nor any of its Subsidiaries is in default under any contract, agreement, commitment, arrangement, lease, insurance policy, or other instrument to which it is a party, by which its assets, business, or operations may be bound or affected, or under which it or its respective assets, business, or operations receives benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.
Contractual Defaults. It is not in default under any contract, agreement, commitment, arrangement, lease, insurance policy, or other instrument to which it is a party, by which its assets, business, or operations may be bound or affected, or under which it or its respective assets, business, or operations receives benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default. (k)
Contractual Defaults. The Corporation will not permit to exist any default or breach by the Corporation or any subsidiary of any contract provision beyond any period of grace provided for in any contract to which the Corporation or any subsidiary is a party, if the default or breach will result in an amount in excess of one hundred thousand dollars ($100,000) becoming due and payable by the Corporation or any subsidiary prior to its date of maturity, or if the default or breach will result in the loss of any rights of the Corporation or any subsidiary to intellectual property or other valuable rights. However, the existence of any default or breach may be contested in good faith by the Corporation or any subsidiary by appropriate proceedings if adequate reserves (as determined in accordance with GAAP) have been established on its books with respect to the contested default or breach.
Contractual Defaults. 12 Section 4.12. Reserved ................................................ 12 Section 4.13. Insurance Policies ...................................... 12 Section 4.14.
Contractual Defaults. Except as disclosed on the Disclosure Schedule, neither 183.8 nor 1838, L.P. is in default, and no event has occurred which, with the passage of time or the giving of notice, or both, will constitute a default on the part of 1838 or 1838, L.P., under any agreement, indenture, loan agreement or other instrument to which it is a party or by which it or any of its assets is bound or to which any of its assets is subject, except where such default would not have an 1838, L.P. Material Adverse Effect. All parties with whom 1838 and/or 1838, L.P. have material leases, agreements or contracts or who owe material obligations to 1838 and 1838, L.P. are in compliance therewith in all material respects.
Contractual Defaults. There are no defaults by Borrower or, to the knowledge of Borrower, by any other Person under any contract to which Borrower is a party relating to the Property, including any management, rental, service, supply, security, maintenance, or similar contract, including without limitation the Property Management Agreement and the Franchise Agreement. Neither Borrower nor, to the knowledge of Borrower, any other Person, has received written notice or has any knowledge of any existing circumstances in respect of which it could receive any notice of default or breach in respect of any contracts affecting or concerning the Property.
Contractual Defaults. Neither the Company nor the Bank is in default, and no event has occurred which, with the passage of time or the giving of notice, or both, would constitute a default on its part, in any respect under any agreement, indenture, loan agreement or other instrument to which it is a party or by which it or any of its assets is bound or to which any of its assets is subject, the result of which would have an adverse effect upon the Company or the Bank, and to the best knowledge of the Company and the Trust, all parties with whom the Company and the Bank have leases, agreements or contracts or who owe obligations to the Company and the Bank (other than under the Loan Documents) are in compliance therewith in all respects.
Contractual Defaults. 6 4.7 Full Disclosure.................................................................................7 4.8 Outstanding Security Interests..................................................................7 4.9 Use of Proceeds.................................................................................7 4.10 Corporate Existence.............................................................................7 4.11 Legal Authority to Conduct Business.............................................................7
Contractual Defaults. To Borrower's and each other Credit Party's knowledge, Borrower and each other Credit Party are not in default of or in breach in any material respect under any Contractual Obligation to which Borrower or each other Credit Party are a party or by which they or any of their properties may be bound.
