Common use of 7No Default Clause in Contracts

7No Default. The Borrower is not in default under or with respect to any of its Contractual Obligations, including without limitation, those under the Indenture in any respect which would have a Material Adverse Effect. No Event of Default has occurred and is continuing.

7No Default. The Neither the Borrower nor any of its Subsidiaries is not in default under or with respect to any of its Contractual Obligations, including without limitation, those under the Indenture Obligations in any respect which would could be reasonably expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.