Common use of No default under other Indebtedness Clause in Contracts

No default under other Indebtedness. the Borrower is not (nor would with the giving of notice or lapse of time or the satisfaction of any other condition or combination thereof be) in breach of or in default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 1 contract

Sources: Loan Facility Agreement (Bookham, Inc.)

No default under other Indebtedness. none of the Borrower Borrowers is not (nor would with the giving of notice or lapse of time or the satisfaction of any other condition or combination thereof be) in material breach of or in default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Appears in 1 contract

Sources: Loan Agreement (Teekay LNG Partners L.P.)

No default under other Indebtedness. the Borrower is not (nor would with the giving of notice or lapse of time or the satisfaction of any other condition or combination thereof be) in breach of or in default under any agreement relating to Indebtedness indebtedness to which it is a party or by which it may be bound;

Appears in 1 contract

Sources: Loan Facility Agreement (Bookham, Inc.)