Common use of Not in Default Clause in Contracts

Not in Default. The Borrower is not in default of any obligation, covenant, or condition contained in any bond, debenture, note, or other evidence of indebtedness or any mortgage or collateral instrument securing the same.

Appears in 11 contracts

Samples: Loan Agreement, Security Agreement, Loan Agreement

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Not in Default. The No Borrower is not in default of any obligation, covenant, covenant or condition contained in any bond, debenture, note, or other evidence of indebtedness or any mortgage or collateral instrument securing the samesame or any other material agreement.

Appears in 3 contracts

Samples: Loan Agreement (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp), Security Agreement (Pioneer Railcorp)

Not in Default. The Borrower is not in default of any obligation, covenant, or condition condition, contained in any bond, debenture, note, or other evidence of indebtedness or any mortgage or collateral instrument securing the same.

Appears in 1 contract

Samples: Loan Agreement (Ricex Co)

Not in Default. The Borrower is not in default of any obligation, covenant, or condition contained in any bond, debenture, note, note or other evidence of indebtedness or any mortgage mortgage, deed of trust or collateral Collateral instrument securing the same.

Appears in 1 contract

Samples: Loan Agreement (Tetridyn Solutions Inc)

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Not in Default. The Borrower is not in default of any obligation, covenant, or condition contained in any bond, debenture, note, note or other evidence of indebtedness or any mortgage or collateral instrument securing the same.

Appears in 1 contract

Samples: Loan Agreement (Lynch Corp)

Not in Default. The Borrower is not in default of any obligation, covenant, or condition contained in any bond, debenture, note, note or other evidence of indebtedness or any mortgage or collateral instrument securing the same.

Appears in 1 contract

Samples: Credit Facility Agreement (Gas Transmission Northwest Corp)

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