Common use of 07No Default Clause in Contracts

07No Default.  (a) Neither the Company nor any Subsidiary is in default under or with respect to any Contractual Obligation that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.  (b) No Default has occurred and is continuing. 

Appears in 1 contract

Sources: Credit Agreement (Wd 40 Co)

07No Default.  (a) Neither the Company nor any Subsidiary is in default under or with respect to any Contractual Obligation that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.  (b) No Default has occurred and is continuing. 

Appears in 1 contract

Sources: Credit Agreement (Wd 40 Co)