Common use of Non-Default Clause in Contracts

Non-Default. Borrower shall be in compliance with all of the terms and conditions set forth herein and an Event of Default as specified herein, or an event which upon notice or lapse of time or both would constitute such an Event of Default, shall not have occurred or be continuing at the time of such Advance. (b)

Appears in 5 contracts

Samples: Loan Agreement (Bluegreen Corp), Loan Agreement (Bluegreen Corp), Loan Agreement (Bluegreen Corp)

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Non-Default. Borrower shall be in compliance with all of the terms and conditions set forth herein and an Event of Default as specified herein, or an event which upon notice or lapse of time or both would constitute such an Event of Default, shall not have occurred or be continuing at the time of such Advance. (b)) Borrowing Resolution. Bank shall have received all certified resolutions authorizing borrowings by

Appears in 1 contract

Samples: Loan Agreement (Bluegreen Corp)

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Non-Default. The Borrower shall be in compliance with all of the terms and conditions set forth herein and an Event of Default as specified herein, or an event which upon notice or lapse of time or both would constitute such an Event of Default, Default shall not have occurred or be continuing at the time of such Advance. (b).

Appears in 1 contract

Samples: Offering Basis Loan Agreement (Omniquip International Inc)

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