Common use of Existing Defaults Clause in Contracts

Existing Defaults. Borrower is not in default under any material term of any Operative Document or any agreement relating to any obligation of Borrower for or with respect to borrowed money, and to the best of Borrower's knowledge, no other party to any Project Document is in default thereunder.

Existing Defaults. Borrower is not in default under any material term Project Document, any of any Operative Document the Construction Loan Documents or any other material agreement relating to any obligation of Borrower for or with respect to borrowed money, and to the best of Borrower's ’s knowledge, no other party to any Project Document is in default under any material term thereunder.

Existing Defaults. Borrower is not in default under any material term of any Operative Document relating to the Initial Projects and the Funded Subsequent Projects or any agreement relating to any obligation of Borrower for or with respect to borrowed money, and to the best of Borrower's knowledge, no other party to any Project Document is in default thereunder.

Existing Defaults. Borrower is not in default under any material term of any Operative Document relating to the Approved Projects, the Funded Working Capital Assets or the Acquisitions or any agreement relating to any obligation of Borrower for or with respect to borrowed money, and to . To the best knowledge of Borrower's knowledge, no other party to any Project Operative Document is in default thereunder, which default could reasonably be expected to have a Borrower Material Adverse Effect.