Common use of No Burdensome Agreements Clause in Contracts

No Burdensome Agreements. Borrower warrants that Borrower is not a party to any contract or agreement and is not subject to any contingent liability that does or may impair Borrower's ability to perform under the terms of this Agreement. Borrower further warrants that the execution and performance of this Agreement will not cause a default, acceleration or other event under any other contract or agreement to which Borrower or any property of Borrower is subject, and will not result in the imposition of any charge, penalty, lien or other encumbrance against any of Borrower's property except in favor of Lender.

Appears in 3 contracts

Samples: Loan Agreement (Volunteer Capital Corp / Tn /), Stock Pledge Agreement (Renal Care Group Inc), Security Agreement (HLM Design Inc)

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No Burdensome Agreements. Borrower warrants that Borrower is not a party to any material contract or agreement and is not subject to any material contingent liability that does or may impair Borrower's the ability of Borrower to perform under the terms of this Agreement. Borrower further warrants that the execution and performance of this Agreement will not cause a default, acceleration or other event under any other contract or agreement to which Borrower or any property of Borrower is subject, and will not result in the imposition of any charge, penalty, lien or other encumbrance against any property of Borrower's property Borrower except in favor of Lender.

Appears in 2 contracts

Samples: Loan Agreement (MS Carriers Inc), Loan Agreement (Alexanders J Corp)

No Burdensome Agreements. Borrower warrants that Borrower is not a party to any contract or agreement and is not subject to any contingent liability that does or may impair Borrower's ability to perform under the terms of this Agreement. Borrower further warrants that the execution and performance of this Agreement will not cause a default, acceleration or other event default under any other contract or agreement to which Borrower or any property securing the Obligations or any other property of Borrower is subject, and will not result in the imposition of any charge, penalty, lien or other encumbrance against any of Borrower's property except in favor of Lender.

Appears in 1 contract

Samples: Construction Loan Addendum (American Retirement Corp)

No Burdensome Agreements. Borrower warrants that Borrower is ------------------------ not a party to any contract or agreement and is not subject to any contingent liability that does or may impair Borrower's ability to perform under the terms of this Agreement. Borrower further warrants that the execution and performance of this Agreement will not cause a default, acceleration or other event under any other contract or agreement to which Borrower or any property of Borrower is subject, and will not result in the imposition of any charge, penalty, lien or other encumbrance against any of Borrower's property except in favor of Lender.

Appears in 1 contract

Samples: Security Agreement (Onepoint Communications Corp /De)

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No Burdensome Agreements. Borrower warrants that Borrower is not a party to any contract or agreement and is not subject to any contingent liability that does or may impair Borrower's ability to perform under the terms of this AgreementAssignment. Borrower further warrants that the execution and performance of this Agreement Assignment will not cause a default, acceleration or other event under any other contract or agreement to which Borrower or any property of Borrower is subject, and will not result in the imposition of any charge, penalty, lien or other encumbrance against any of Borrower's property except in favor of Lender.

Appears in 1 contract

Samples: HLM Design Inc

No Burdensome Agreements. Borrower warrants that that, to the best of its knowledge, information and belief, Borrower is not a party to any contract or agreement and is not subject to any contingent liability that does or may impair Borrower's ability to perform under the terms of this Agreement. Borrower further warrants that the execution and performance of this Agreement will not cause a default, acceleration or other event under any other contract or agreement to which Borrower or any property of Borrower is subject, and will not result in the imposition of any charge, penalty, lien or other encumbrance against any of Borrower's property property, except in favor of Lender.

Appears in 1 contract

Samples: Loan Agreement (Obsidian Enterprises Inc)

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