NO POTENTIAL DEFAULT Sample Clauses

NO POTENTIAL DEFAULT. No event has occurred and is continuing which constitutes a Potential Default or an Event of Default.
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NO POTENTIAL DEFAULT. No event shall have occurred which, with notice or lapse of time or both, would constitute an Event of Default under any Loan Document, unless such potential default shall have been cured to the satisfaction of Bank prior to the ripening of such potential default into actual default.
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NO POTENTIAL DEFAULT. No event has occurred and is continuing which constitutes a Potential Default or an Event of Default. Revolving Credit and Term Loan Agreement 17
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NO POTENTIAL DEFAULT. No Potential Default shall have occurred and be continuing, or would result from the occurrence of such Credit Event. On the date of each Credit Event, the Borrower shall be deemed to have represented that all of the conditions to the occurrence of such Credit Event have been satisfied.
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Related to NO POTENTIAL DEFAULT

  • 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.

  • 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 Material Default Neither the Seller nor any of its Affiliates is in material default under any agreement, contract, instrument or indenture of any nature whatsoever to which the Seller or any of its Affiliates is a party or by which it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Seller to perform under this Agreement, nor, to the best of the Seller's knowledge, has any event occurred which, with notice, lapse of time or both, would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement;

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

  • No Existing Default No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.