Common use of No Defaults or Restrictions Clause in Contracts

No Defaults or Restrictions. Neither the execution and delivery of the Agreement or the Senior Notes nor compliance with their terms and conditions will (a) violate, conflict with or result in a breach of, or constitute a default under: (i) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, charter, bylaw or any other agreement or instrument to which Borrower, Bank or any other Subsidiary is now a party or by which any of them or any of their properties may be bound or affected; (ii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency; or (iii) any statute, rule or regulation applicable to Borrower or Bank, except, in each such case, for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on such Person, or (b) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of Borrower, Bank or any other Subsidiary. None of Borrower, Bank or any other Subsidiary is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or other agreement or instrument to which Borrower, Bank or any other Subsidiary is a party or by which Borrower, Bank or any other Subsidiary or their respective properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on Borrower, Bank or any other Subsidiary.

Appears in 1 contract

Samples: Senior Note Purchase Agreement (Luther Burbank Corp)

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No Defaults or Restrictions. Neither the execution and delivery of the Agreement or the Senior Notes Transaction Documents nor compliance with their terms and conditions will (a) violate, conflict with or result in a breach of, or constitute a default under: (i) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, charter, bylaw or any other agreement or instrument to which Borrower, Bank or any other Subsidiary of Borrower or Bank is now a party or by which any of them or any of their properties may be bound or affected; (ii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency; or (iii) any statute, rule or regulation applicable to Borrower or Bank, except, in each such case, for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on such PersonBorrower or Bank, or (b) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of Borrower, Bank or any other SubsidiarySubsidiary of Borrower or Bank, except for such liens, charges and encumbrances that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on Borrower or Bank. None of Borrower, Bank or any other Subsidiary of Borrower or Bank is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or other agreement or instrument to which Borrower, Bank or any other Subsidiary of Borrower or Bank is a party or by which Borrower, Bank or any other Subsidiary of Borrower or Bank or their respective properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on Borrower, Bank Borrower or any other SubsidiaryBank.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Enterprise Bancorp Inc /Ma/)

No Defaults or Restrictions. Neither the execution and delivery of the Agreement or the Senior Subordinated Notes nor compliance with their terms and conditions will (a) violate, conflict with or result in a breach of, or constitute a default under: (i) the articles of incorporation or bylaws of Borrower, Bank or any other Subsidiary of Borrower; (ii) any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any material contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, charter, bylaw or any other agreement or instrument to which Borrower, Bank or any other Subsidiary of Borrower is now a party or by which any of them or any of their properties may be bound or affected; (iiiii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency; or (iiiiv) any statute, rule or regulation applicable to Borrower or Bank, except, in each such casethe case of items (ii), (iii) or (iv), for such violations and conflicts that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on such Person, or (b) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of Borrower, Bank or any other SubsidiarySubsidiary of Borrower. None of Borrower, Bank or any other Subsidiary of Borrower is in default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is issued, or other agreement or instrument to which Borrower, Bank or any other Subsidiary of Borrower is a party or by which Borrower, Bank or any other such Subsidiary or their respective properties may be bound or affected, except, in each case, only such defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on Borrower, Bank or any other such Subsidiary.

Appears in 1 contract

Samples: Form of Subordinated Note Purchase Agreement (Bay Banks of Virginia Inc)

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No Defaults or Restrictions. Neither the execution and execution, delivery or performance by Borrower of any of the Agreement or the Senior Notes Loan Documents, nor compliance by it with their the terms and conditions will provisions hereof or thereof: (a) violatewill contravene any provision of any applicable law, statute, rule or regulation or any order, writ, injunction or decree of any court or governmental instrumentality; (b) will conflict with or result in a any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under: , or result in the creation or imposition of (ior the obligation to create or impose) any lien upon any of the terms, obligations, covenants, conditions property or provisions assets of Borrower or any of its Subsidiaries pursuant to the terms of any corporate restriction or of any contract, agreement, indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, charter, bylaw loan agreement or any other agreement agreement, contract or instrument to which Borrower, Bank Borrower or any other Subsidiary of its Subsidiaries is now a party or by which any of them it or any of their properties its property or assets is bound or to which it may be bound or affected; (ii) any judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agencysubject; or (iiic) will violate any statute, rule provision of the charter or regulation applicable to bylaws of Borrower or Bankthe organizational documents, exceptcharter or bylaws of any of its Subsidiaries, except in each the case of (a), (b) or (c), any such casecontravention, for such violations and conflicts that conflict, breach, default, lien or violation which would not reasonably be expected to havehave a material adverse effect on the financial condition, singularly results of operations or in the aggregatebusiness of Borrower and its Subsidiaries, taken as a Material Adverse Effect on such Personwhole, or (b) result which would not prevent Borrower from fulfilling its obligations under the Loan Documents in the creation or imposition any material respect. Neither Borrower nor any of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of Borrower, Bank or any other Subsidiary. None of Borrower, Bank or any other Subsidiary its Subsidiaries is in material default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing Indebtedness indebtedness of any kind or pursuant to which any such Indebtedness indebtedness is issued, or other agreement or instrument to which Borrower, Bank Borrower or any other Subsidiary of its Subsidiaries is a party or by which Borrower, Bank it or any other Subsidiary or their respective its properties may be bound or affected, except, in each case, only such defaults that which default would not reasonably be expected to havehave a material adverse effect on the financial condition, singularly results of operations or in the aggregatebusiness of Borrower and its Subsidiaries, taken as a Material Adverse Effect on Borrower, Bank or any other Subsidiarywhole.

Appears in 1 contract

Samples: Loan Agreement (Anchor Bancorp Wisconsin Inc)

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