Common use of no Default exists Clause in Contracts

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.5) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the Lenders.

Appears in 3 contracts

Sources: Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 2 contracts

Sources: 364 Day Credit Agreement (Oneok Inc /New/), 364 Day Credit Agreement (Oneok Inc /New/)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Sources: 364 Day Amended and Restated Credit Agreement (Hillenbrand Industries Inc)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Revolving Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Meritage Homes CORP)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Ferrellgas Partners Finance Corp)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.5SECTION 3.05) to the extent necessary to keep outstanding Committed Revolving Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Meritage Corp)