No Default or Event of Default with respect to Sample Clauses

The "No Default or Event of Default with respect to" clause establishes that, as of a certain date or under specified circumstances, neither a default nor an event of default has occurred under the agreement or related agreements. In practice, this clause is often included in representations and warranties, requiring a party to confirm that they are not currently in breach of any obligations that would trigger default remedies. This helps assure the other party that the contract is being properly performed and that there are no existing issues that could jeopardize the agreement, thereby reducing the risk of unforeseen contract termination or enforcement actions.
No Default or Event of Default with respect to the Notes shall have occurred and be continuing on the date of such deposit (other than a Default or Event of Default resulting from the incurrence of Debt, the proceeds of which are applied to such deposit) or, insofar as paragraphs (g) and (h) of Section 501 hereof are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period).
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No Default or Event of Default with respect to the Notes shall have occurred and be continuing on the date of such deposit.
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Related to No Default or Event of Default with respect to

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • Default or Event of Default Seller shall notify Buyer of the occurrence of any Default or Event of Default with respect to Seller as soon as possible but in no event later than two (2) Business Days after obtaining Knowledge of such event.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • No Default or Event of Default has occurred and is continuing as of the date hereof or after giving effect to the Loans to be made on the date hereof. [Borrower only]

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."