Common use of No Existing Default Clause in Contracts

No Existing Default. Immediately after the making of the requested borrowing, no Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect to the issuance of such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date Borrowing Date with respect to such Loan or after giving effect to the Loans Loan to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect to such Letters Letter of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on or the issue date with respect to such Letter of Credit or after giving effect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default ------------------- shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on or the issue date with respect to such Letter of Credit or after giving effect affect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (iA) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (iiB) on the issue date with respect to such Letter of Credit or after giving effect to such Letters of Credit on such date.. M#368727 36

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made on such date or (ii) on or the issue issuance date with respect to such Letter of Credit to be issued or after giving effect affect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter the Letters of Credit or after giving effect to such the issuance of Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of ------------------- Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect affect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) or on the issue date with respect to such Letter of Credit or after giving effect affect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect to such Letters Letter of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (iA) on the borrowing date with respect to such Revolving Loan or after giving effect to the Revolving Loans to be made on such date or (iiB) on the issue date with 56 respect to such Letter of Credit or after giving effect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter Letters of Credit or after giving effect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect affect to such Letters of Credit on such date, or (iii) on the date Borrowers submit a Notice of Continuation/Conversion, Notice of Borrowing, or Application.

No Existing Default. Immediately after the making of the requested borrowing, no Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date of issuance with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default ------------------- shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issue date with respect to such Letter of Credit or after giving effect to such Letters of Credit on such date.

No Existing Default. Immediately after the making of the requested borrowing, no No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on or the issue date with respect to such Letter of Credit or after giving effect to the issuance of such Letters Letter of Credit on such date.