No Event of Default or Potential Event Sample Clauses

The "No Event of Default or Potential Event" clause serves to confirm that, at a specific point in time, neither an actual default nor a situation that could lead to a default has occurred under the agreement. In practice, this clause is often included as a representation or condition precedent, requiring the parties—typically the borrower or obligor—to affirm that they are not currently in breach of any contractual obligations and that no circumstances exist which, with the passage of time or notice, could become a default. Its core function is to provide assurance to the other party, usually a lender or counterparty, that the agreement is being complied with and that there are no hidden risks of default, thereby supporting trust and risk management in the contractual relationship.
No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.
View SourceView Similar (2)
No Event of Default or Potential Event of Default is continuing, or will occur as a result of Accession, other than any waived in accordance with Clause 29.2 of the Credit Agreement. [INSERT ANY ADDITIONAL PROVISIONS AS REFERRED TO IN CLAUSE 2.5 OF THE CREDIT AGREEMENT]
View Source
No Event of Default or Potential Event of Default has occurred or is existing, and this disbursement will not result in any Event of Default or Potential Event of Default.
View Source
No Event of Default or Potential Event of Default has occurred or is continuing, and the disbursement of such Loan Fund will not result in any Event of Default or Potential Event of Default.
View Source
No Event of Default or Potential Event. OF DEFAULT No Event of Default or Potential Event of Default has occurred and remains unremedied or unwaived and none will occur as a result of the exercise of its rights or the performance of its obligations under the Finance Documents.
View Source

Related to No Event of Default or Potential Event

  • 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 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.

  • 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."

  • No Event of Default No Default or Event of Default has occurred and is continuing.