Common use of Outstanding Defaults Clause in Contracts

Outstanding Defaults. No event has occurred which constitutes a default of any Borrower or any Restricted Subsidiary, or to Borrowers’ Knowledge, any counterparty, under or in respect of any material agreement, undertaking or instrument to which such Borrower or such Restricted Subsidiary is a party or to which its property or assets may be subject, and which could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.

Outstanding Defaults. No event has occurred which constitutes a default of any the Borrower or any Restricted Subsidiary, or to Borrowers’ the Borrower’s Knowledge, any counterparty, under or in respect of any material agreement, undertaking or instrument to which such the Borrower or such Restricted Subsidiary is a party or to which its property or assets may be subject, and which could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.

Outstanding Defaults. No event has occurred which constitutes a default of any theany Borrower or any Restricted Subsidiary, or to Borrowersthe Borrower’sBorrowers’ Knowledge, any counterparty, under or in respect of any material agreement, undertaking or instrument to which such thesuch Borrower or such Restricted Subsidiary is a party or to which its property or assets may be subject, and which could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.