Common use of No Breach or Default Clause in Contracts

No Breach or Default. The consummation of the transactions contemplated hereby and the execution, delivery, and performance of this Agreement and the other Related Documents by the Member will not violate, or constitute or result in a material breach of or a default under, any agreement, mortgage, deed of trust, lease, loan or security agreement, corporate charter, articles, or bylaws, as applicable, or any other instrument to which the Member is a party or by which it may be bound or affected. To the best of the Member’s knowledge, the Member is not in default under the Advances and Security Agreement.

No Breach or Default. The consummation of the transactions contemplated hereby and the execution, delivery, and performance of this Agreement and the other Related Documents by the Member will not violate, or constitute or result in a material breach of or a default under, any agreement, mortgage, deed of trust, lease, loan or security agreement, corporate charter, articles, or bylaws, as applicable, or any other instrument to which the Member is a party or by which it may be bound or affected. To the best of the Member’s 's knowledge, the Member is not in default under the Advances and Security Agreement.

No Breach or Default. The consummation of the transactions contemplated hereby and the execution, delivery, delivery and performance of this Agreement and the other Related Documents by the Member will not violate, violate or constitute or result in a material breach of or a default under, under any agreement, mortgage, deed of trust, lease, loan or security agreement, corporate charter, articles, or bylaws, as applicable, or any other instrument to which the Member is a party or by which it may be bound or affected. To the best of the Member’s knowledge, the Member is not in default under the Advances and Security Agreement.