Common use of No Event of Default or Inchoate Default Clause in Contracts

No Event of Default or Inchoate Default. No Event of Default or Inchoate Default has occurred and is continuing or will result from such Credit Event and no Non-Fundamental Project Default or Non-Fundamental Project Inchoate Default in respect of the Project for which funds are being requested has occurred and is continuing or will result from such Credit Event.

No Event of Default or Inchoate Default. No Event of Default or Inchoate Default has occurred and is continuing or will result from such Credit Event and no Non-Fundamental Project Default or Non-Fundamental Project Inchoate Default in respect of the Project for which funds are being the issuance, extension or increase in Stated Amount of a Letter of Credit is requested has occurred and is continuing or will result from such Credit Event.