Defaults Under Agreements. The Borrower shall fail to pay any principal of or premium or interest on any agreements, contracts or financial instruments with DBNY or its Affiliates or any other Lender or their respective Affiliates or any other person having an aggregate principal amount of $250,000 or greater, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) or shall otherwise default in any material respect in its obligations under any such agreements, contracts or financial instruments, and such failure to pay or other material default shall continue after the applicable grace period, if any, specified in the related agreement, contract or financial instrument.
Defaults Under Agreements. Neither BIF nor any BIF Subsidiary is in default or alleged to be in default, under any loan or credit agreement, conditional sales contract or other title retention agreement or security agreement relating to money borrowed by BIF or any BIF Subsidiary, agreements pursuant to which it leases real or personal property or any other instrument or obligation, which would reasonably be expected to have a Material Adverse Effect on BIF. Neither BIF nor any BIF Subsidiary is in default in any material respect and BIF has no knowledge of any material default under such instruments by any other party thereto and has no knowledge of any event which with notice or lapse of time or both would constitute a material default.
Defaults Under Agreements. Neither FDB nor any FDB Subsidiary is in default or alleged to be in default, under any loan or credit agreement, conditional sales contract or other title retention agreement or security agreement relating to money borrowed by FDB or any FDB Subsidiary, agreements pursuant to which it leases real or personal property or any other instrument or obligation, which would reasonably be expected to have a Material Adverse Effect on FDB. Neither FDB nor any FDB Subsidiary is in default in any material respect and FDB has no knowledge of any material default under such instruments by any other party thereto and has no knowledge of any event which with notice or lapse of time or both would constitute a material default.
Defaults Under Agreements. The Borrower shall fail to pay any principal of or premium or interest on any agreements, contracts or financial instruments with the Administrative Agent or its Affiliates or any other Lender or their respective Affiliates or any other Person having an aggregate principal amount of $250,000 (or the Dollar Equivalent thereof if denominated in any other currency) or greater, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) or shall otherwise default in any material respect in its obligations under any such agreements, contracts or financial instruments, and such failure to pay or other material default shall continue after the applicable grace period, if any, specified in the related agreement, contract or financial instrument.
Defaults Under Agreements. (A) On or prior to the Closing Date, none of the NZR Group Companies is (and that none of them will become with the lapse of time):-
Defaults Under Agreements. (A) On or prior to the Closing Date, the Group Companies are not and will not with the lapse of time become:-
Defaults Under Agreements. The Bank is not in default or, to the best of Seller's knowledge, alleged to be in default, under any loan or credit agreement, conditional sales contract or other title retention agreement or security agreement relating to money borrowed by the Bank, agreements pursuant to which it leases real or personal property or any other instrument or obligation, which would reasonably be expected to have a material adverse effect on the financial condition, assets or business of the Bank. The Bank is not in default in any material respect and Seller has no knowledge of any material default under such instruments by any other party thereto and has no knowledge of any event which with notice or lapse of time or both would constitute a material default.
Defaults Under Agreements. 3.3.1 The Vendor is not nor would it, if the sale of the Business did not take place, with the lapse of time become:
Defaults Under Agreements. (a) Neither Seller is in material default under any of the Business Contracts or, so far as either Seller is aware, in respect of other material obligations and restrictions binding upon it in relation to the Business, and it has not waived rights or privileges under any of them.
Defaults Under Agreements. Except as described in Exhibit 2.14 hereof, neither Corporation nor Kellenberger Inc. is in default under any contract or agreement ("Xxxxxxxx") xhich default would materially adversely affect its condition (financial or otherwise), operations, properties, assets, liabilities, earnings or business, and none of Corporation, any Seller or Kellenberger Inc. knows of any fact, circumstance or event, includxxx xxx xxxxsactions contemplated by the Agreement and related documents, which reasonably can be expected in the future to cause Corporation or Kellenberger Inc. to be in default under any Contract, and no persxx xxxxxx xxy material Contract with Corporation or Kellenberger Inc. is in default thereunder, and there is no fact, xxxxxxxxxxxx or event, including the transactions contemplated by the Agreement and related documents, which reasonably can be expected in the future to cause any such person (other than distributors or agents pursuant to an existing agreement) to be in default under, or permit any such person to terminate, any such Contract.
