Default; Event of Default. No Default or Event of Default under the Credit Agreement has occurred and is continuing.
Default; Event of Default. After the occurrence and during the continuance of any default under a Credit Document, Guarantor shall, if Administrative Agent or Hermes Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Lender Parties and deliver such payments to Administrative Agent on account of the Guaranteed Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty. After the occurrence and during the continuance of an Event of Default, Administrative Agent is authorized and empowered (but without any obligation to so do), in its discretion, to require Guarantor (a) to collect and enforce, and to submit claims in respect of, the Subordinated Obligations, and (b) to pay any amounts received on such obligations to Administrative Agent for application to the Guaranteed Obligations (including any and all Post-Petition Interest).
Default; Event of Default. The occurrence of any Default or Event of Default;
Default; Event of Default. For purposes of this Agreement the terms “Default” and “Event of Default” shall have the following meanings:
Default; Event of Default. No Default or Event of Default has occurred and is continuing.
Default; Event of Default. A Default or Event of Default shall exist;
Default; Event of Default. The occurrence or existence of any Default or Event of Default, or any event or circumstance that could reasonably be expected to become a Default or Event of Default;
Default; Event of Default. The occurrence of any Default or Event of Default, and of the occurrence or existence of any event or circumstance that is likely to become a Default or Event of Default;
Default; Event of Default. The occurrence of any Default or Event of Default, and of the occurrence or existence of any event or circumstance that is likely to become a Default or Event of Default. Each notice under this Section 6.3(a) shall describe with particularity the clause or provision of this Agreement or other Loan Documents that have been breached or violated.
Default; Event of Default. Except as set forth in Schedule 4.02, at the time of and immediately after the Closing Date, no Default or Event of Default shall have occurred and be continuing.
