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

No Defaults on Outstanding Judgments or Orders. Borrower and each Subsidiary have satisfied all unstayed and unappealed judgments, and neither Borrower nor any Subsidiary is in default with respect to any judgment, or any material 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 applicable to Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Ashton Houston Residential L.L.C.)

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No Defaults on Outstanding Judgments or Orders. The Borrower and each Subsidiary its Subsidiaries have satisfied all unstayed and unappealed judgments, and neither the Borrower nor any Subsidiary is in default with respect to any judgment, or any material 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 applicable to Borrower or any Subsidiaryforeign.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (First State Corp /Ga/)

No Defaults on Outstanding Judgments or Orders. Borrower and each Subsidiary its Subsidiaries have satisfied all unstayed and unappealed judgments, and neither Borrower nor any Subsidiary is in default with respect to any judgment, or any material 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 applicable to Borrower or any Subsidiaryforeign.

Appears in 1 contract

Samples: Term Loan Agreement (Citizens Bancshares Corp /Ga/)

No Defaults on Outstanding Judgments or Orders. Borrower and each Subsidiary have satisfied all unstayed and unappealed judgments, and neither Neither the Borrower nor any Subsidiary is in default with respect to any judgment, or any material writ, injunction, decree, rule, or regulation of any court, arbitrator, or federal, state, municipal, or other governmental authorityGovernmental Authority, commission, board, bureau, agency, agency or instrumentality, domestic or foreign applicable to Borrower or any Subsidiaryexcept where such default would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Landmark Bancorp Inc)

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No Defaults on Outstanding Judgments or Orders. The Borrower and each Subsidiary its Subsidiaries have satisfied all unstayed and unappealed judgments, and neither the Borrower nor any Subsidiary is in default with respect to any judgment, or any material 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 applicable to Borrower or any Subsidiary.foreign. H.

Appears in 1 contract

Samples: Credit Loan Agreement (Magellan Technology Inc)

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