Common use of 7No Default Clause in Contracts

7No Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 

Appears in 1 contract

Sources: Amendment No. 1 (World Wrestling Entertainmentinc)

7No Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. , nor shall either immediately result from the making of a requested credit extension.

Appears in 1 contract

Sources: Credit Agreement (Axcelis Technologies Inc)