Common use of No Material Loss or Liability Clause in Contracts

No Material Loss or Liability. OFID shall have received a certificate from an Authorized Representative of the Borrowers and the Guarantor that since the date of this Agreement none of the Borrowers, the Guarantor or any other Guarantor Subsidiary has incurred any material loss or liability (except such liabilities as may be incurred in accordance with Section 5.02 (Negative Covenants));

No Material Loss or Liability. OFID shall have received a certificate from an Authorized Representative of the Borrowers Borrower and the Guarantor that since the date of this Agreement none of the BorrowersBorrower, the Guarantor or any other Guarantor Subsidiary has incurred any material loss or liability (except such liabilities as may be incurred in accordance with Section 5.02 (Negative Covenants)5.02);