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Common use of No Material Impairment Clause in Contracts

No Material Impairment. The Bank shall have determined that the prospect of payment of the Loans has not been materially impaired.

Appears in 3 contracts

Sources: Credit Agreement (Harmon Industries Inc), Credit Agreement (Bha Group Inc), Credit Agreement (Bha Group Inc)

Related Clauses

  • No Material Change
  • No Material Litigation
  • No Material Defaults
  • No Material Default
  • No Material Misstatements

Parent Clauses

  • Miscellaneous
  • CONDITIONS TO MAKING LOANS
  • AMENDMENTS
  • Conditions Precedent
  • No Territorial Restrictions

Sub-Clauses

  • Loss or Destruction of Aircraft
  • Governmental Actions
  • Required Alterations
  • Owner Participant's Representations and Warranties
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