Common use of No Breach or Default Clause in Contracts

No Breach or Default. As of the time of acceptance hereof and as of the Closing Date, except as otherwise disclosed in the Official Statement, the District is not, nor will it be, in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District is a party or is otherwise subject, and no event has occurred and is continuing that, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the ability of the District to perform its respective obligations under the CFD Authorizing Resolution or the CFD Documents and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the CFD Documents and compliance by the District with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District (or any of their respective officers) is subject, or by which it or any of its properties are bound, nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing DateClosing, except as otherwise disclosed in the Official Statement, the District Authority is not, nor and as of the time of the Closing the Authority will it not be, in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District Authority is a party or is otherwise subject; and to the Authority’s knowledge, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the Authority’s ability of the District to perform its respective obligations under the CFD Authorizing Resolution Bonds or the CFD Documents Authority Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the CFD Bonds and the other Authority Documents and compliance by the District Authority with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District Authority (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, ; nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Authority Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing Date, except as otherwise disclosed in the Official Statement, the District is not, nor City are not or will it be, not be in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District City is a party or is otherwise subject, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, default or event could have an a material adverse effect on the City’s ability of the District to perform its respective obligations under the CFD Authorizing Resolution Reassessment Bonds or the CFD Documents City Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, execution and delivery of the CFD Reassessment Bonds and the City Documents and compliance by the District City with the provisions of obligations on its part to be performed in each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District (or any of their respective officers) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD City Documents.

No Breach or Default. As of the time of acceptance hereof hereof, (A) the City is not in default, nor has it been in default, as to principal or interest with respect to an obligation issued by the City, and as of (B) the Closing Date, except as otherwise disclosed in the Official Statement, the District City is not, nor will it bein any manner which would materially adversely affect the transactions contemplated by the City Documents, in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District City is a party or is otherwise subject, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute constitute, in any manner which would materially adversely affect the transactions contemplated by the City Documents, a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the ability of the District to perform its respective obligations under the CFD Authorizing Resolution or the CFD Documents instrument; and, as of such times, except as disclosed in the Official Statementtime, the authorization, execution, execution and delivery of the CFD City Documents and compliance by the District with the provisions of each of such agreements or instruments does do not and will not in any manner which would materially adversely affect the transactions contemplated by the City Documents, conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District City (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD City Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing Date, except as otherwise disclosed in the Official Statement, the District Authority is not, nor not or will it be, not be in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Authority is a party or is otherwise subject, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, default or event could have an a material adverse effect on the Authority’s ability of the District to perform its respective obligations under the CFD Authorizing Resolution Bonds or the CFD Documents Authority Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, execution and delivery of the CFD Bonds and the Authority Documents and compliance by the District Authority with the provisions of obligations on its part to be performed in each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesStates of America, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Authority (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Authority Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing DateClosing, except as otherwise disclosed in the Official Statement, the District Authority is not, nor and as of the time of the Closing the Authority will it not be, in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District Authority is a party or is otherwise subject; and to the Authority’s knowledge, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, default or event could have an adverse effect on the Authority’s ability of the District to perform its respective obligations under the CFD Authorizing Resolution Bonds or the CFD Documents other Authority Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the CFD Bonds and the other Authority Documents and compliance by the District Authority with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District Authority (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, ; nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Authority Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing DateClosing, except as otherwise disclosed in the Official Statement, the District CFD No. 2000-3 is not, nor and as of the time of the Closing CFD No. 2000-3 will it be, not be in breach of or in default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District CFD No. 2000-3 is a party or is otherwise subject, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the CFD No. 2000-3’s ability of the District to perform its respective obligations under the CFD Authorizing Resolution or the CFD Documents No. 2000-3 Documents; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, and delivery of the CFD No. 2000-3 Documents and compliance by the District CFD No. 2000-3 with the provisions of each of such agreements or instruments does not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, or other instrument to which the District CFD No. 2000-3 (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, or compliance result in the creation or imposition of any lien, charge, or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD No. 2000-3 Documents.

No Breach or Default. As of the time of acceptance hereof and as of hereof, (A) the Closing Date, except as otherwise disclosed Agency is not in the Official Statement, the District is notdefault, nor has it been in default, as to principal or interest with respect to an obligation issued by the Agency, and (B) the Agency is not and will it not be, in any manner which would materially adversely affect the transactions contemplated by the Agency Documents, in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Agency is a party or is otherwise subject, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute constitute, in any manner which would materially adversely affect the transactions contemplated by the Agency Documents, a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the ability of the District to perform its respective obligations under the CFD Authorizing Resolution or the CFD Documents instrument; and, as of such times, except as disclosed in the Official Statementtime, the authorization, execution, execution and delivery of the CFD Agency Documents and compliance by the District with the provisions of each of such agreements or instruments does do not and will not not, in any manner which would materially adversely affect the transactions contemplated by the Agency Documents, conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Agency (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Agency Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing Datetime of the Closing, except as otherwise disclosed in the Official Statement, the District Authority is not, nor not and will it be, not be in breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesState, or any applicable judgment or decree or any trust agreementindenture, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Authority is a party or is otherwise subject, which breach or default adversely affects the ability of the Authority to perform its obligations under the Authority Documents, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute such a default or event of default under any such instrument which breach, default, or event could have an adverse effect on the ability of the District to perform its respective obligations under the CFD Authorizing Resolution or the CFD Documents instrument; and, as of such times, except as disclosed in the Official Statement, the authorization, execution, execution and delivery by the Authority of the CFD Authority Documents and compliance by the District Authority with the provisions of each of such agreements or instruments does do not and will not conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United StatesState, or any applicable judgment, decree, license, permit, trust agreementindenture, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Authority (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Authority Documents.

No Breach or Default. As of the time of acceptance hereof and as of the Closing Datetime of the Closing, except as otherwise disclosed in the Official Statement, to the District best of the Agency's knowledge, the Agency is not, nor not and will it be, not be in material breach of or in default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment or decree or any trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Agency is a party or is otherwise subject, and no event has occurred and is continuing thatwhich, with the passage of time or the giving of notice, or both, would constitute a material default or event of default under any such instrument which breach, default, or event could have an adverse effect on the ability of the District to perform its respective obligations under the CFD Authorizing Resolution or the CFD Documents instrument; and, as of such times, except as disclosed in the Official Statement, to the best of the Agency’s knowledge, the authorization, execution, execution and delivery of the CFD Agency Documents and compliance by the District with the provisions of each of such agreements or instruments does do not and will not materially conflict with or constitute a breach of or default under any applicable constitutional provision, law, law or administrative rule or regulation of the State or the United States, or any applicable judgment, decree, license, permit, trust agreement, loan agreement, bond, note, resolution, ordinance, agreement, agreement or other instrument to which the District Agency (or any of its officers in their respective officerscapacities as such) is subject, or by which it or any of its properties are is bound, nor will any such authorization, execution, delivery, delivery or compliance result in the creation or imposition of any lien, charge, charge or other security interest or encumbrance of any nature whatsoever upon any of its assets or properties or under the terms of any such law, regulation, regulation or instrument, except as may be provided by the CFD Authorizing Resolution or the CFD Agency Documents.