No Event of Default or Unmatured Event Clause Samples

The 'No Event of Default or Unmatured Event' clause establishes that, as of a specific date or during a particular period, neither a default nor a situation that could lead to a default (an unmatured event) has occurred under the agreement. In practice, this clause is often included as a representation or condition precedent, requiring the party to confirm that they are not currently in breach of any obligations and that no circumstances exist that would soon result in a breach. Its core function is to assure the other party that the agreement is being properly performed and that there are no existing or impending issues that could jeopardize the contractual relationship.
No Event of Default or Unmatured Event of Default shall have occurred and be continuing or will occur after giving effect to the making of the Initial Loans and the consummation of the transactions contemplated by the Basic Agreements.
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No Event of Default or Unmatured Event of Default shall have occurred and be continuing either at the time an option to extend is exercised or at the commencement of the extension period;
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No Event of Default or Unmatured Event of Default shall have occurred and be continuing; and
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No Event of Default or Unmatured Event of Default shall have occurred and be continuing under the Existing Agreement and the representations and warranties of the Borrower in SECTION 4 of the Existing Agreement and in SECTION 9 hereof shall be true and correct on and as of the Effective Date assuming for purposes hereof that the representations and warranties were made as of the Effective Date except for representations and warranties which relate to a specific date and the Borrower shall have provided to the Lender a certificate of a senior officer of the Borrower to that effect.
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No Event of Default or Unmatured Event of Default shall have occurred and be continuing, and the representations and warranties of the Company contained in Section 3 shall be true and correct as of the date of this Agreement and as of the date of each Advance, except that after the date of this Agreement: (i) the representations contained in Section 3.d will be construed so as to refer to the latest financial statements furnished to the Bank by the Company pursuant to the requirements of this Agreement, (ii) the representations contained in Section 3.k (with respect to Hazardous Substances) will be construed so as to apply not only to the Company, but also to any Subsidiaries, (iii) the representation contained in Section 3.l will be construed so as to except any Subsidiary which may hereafter be formed or acquired by the Company with the consent of the Bank, and (iv) all other representations will be construed to have been amended to conform with any changes of which the Bank shall previously have been given notice in writing by the Company.
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No Event of Default or Unmatured Event of Default has occurred and is continuing as of the date hereof.
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No Event of Default or Unmatured Event of Default has occurred and is continuing, and neither the Company nor any of its Subsidiaries is in material violation of any law or governmental regulation or court order or decree;
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No Event of Default or Unmatured Event of Default shall have occurred and be continuing or would result from the transactions contemplated by this Amendment.
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Related to No Event of Default or Unmatured 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.

  • 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.

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

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (b) through (d) of Section 8.1.5 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all of the outstanding principal amount of the Loan and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan and other Obligations shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.