Common use of No Default on Outstanding Judgments or Orders Clause in Contracts

No Default on Outstanding Judgments or Orders. The Borrowers and each of their Subsidiaries have satisfied all judgments and none of the Borrowers nor any of their Subsidiaries is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which are not material in amount and are being contested in good faith by the Borrowers in appropriate proceedings.

Appears in 3 contracts

Samples: Credit Agreement (Computer Task Group Inc), Credit Agreement (Computer Task Group Inc), Credit Agreement (Act Manufacturing Inc)

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No Default on Outstanding Judgments or Orders. The Borrowers Each of the Borrower and each of their its Significant Subsidiaries have has satisfied all judgments and none of neither the Borrowers Borrower nor any of their its Subsidiaries is in default with respect to any judgment, writ, injunction, decree, law, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which are not material in amount and are being contested in good faith by the Borrowers in appropriate proceedingsdefault has or may reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Seneca Foods Corp /Ny/), Credit Agreement (Seneca Foods Corp /Ny/)

No Default on Outstanding Judgments or Orders. The Each of the Borrowers and each of their respective Subsidiaries have has satisfied all judgments and none of the Borrowers neither such Borrower nor any of their its Subsidiaries is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which are not material in amount and are being contested in good faith by the Borrowers in appropriate proceedings.

Appears in 2 contracts

Samples: Credit Agreement (Cannondale Corp /), Credit Agreement (Cannondale Corp /)

No Default on Outstanding Judgments or Orders. The Each of the Borrowers and each of their Subsidiaries have has satisfied all judgments against it and none of neither the Borrowers nor any of their Subsidiaries is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which are not material in amount and are being contested in good faith by other than as of a result of the Borrowers in appropriate proceedingsChapter 11 Cases.

Appears in 1 contract

Samples: Credit Agreement (Chatterjee Purnendu)

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No Default on Outstanding Judgments or Orders. The Borrowers and each of their Subsidiaries have satisfied all judgments against them and none of the Borrowers nor any of their Subsidiaries is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which are not material in amount and are being contested in good faith by the Borrowers in appropriate proceedings.

Appears in 1 contract

Samples: Credit and Security Agreement (Option Care Inc/De)

No Default on Outstanding Judgments or Orders. The Borrowers Each of the Borrower and each of their its Subsidiaries have has satisfied all judgments and none of neither the Borrowers Borrower nor any of their its Subsidiaries is in default with respect to any judgment, writ, injunction, decree, rule or regulation of any court, arbitrator or federal, state, municipal or other governmental authority, commission, board, bureau, agency or instrumentality, domestic or foreign, except for judgments which are where any such defaults in the aggregate would not result in a material in amount adverse effect on the business, financial condition or operations of the Borrower and are being contested in good faith by the Borrowers in appropriate proceedingsits Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Movado Group Inc)

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