No Default; No Event of Loss Sample Clauses

No Default; No Event of Loss. No Event of Default, or event that with the passage of time or giving of notice or both would constitute an Event of Default has occurred or will occur upon or as a consequence of the execution and delivery of the Operative Documents. No Event of Loss (other than a Regulatory Event of Loss) has occurred or will occur upon the execution and delivery of the Operative Documents, and PPL Montana does not have Actual Knowledge of any event that could reasonably be expected to result in a Regulatory Event of Loss.
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No Default; No Event of Loss. Borrower shall have performed all of its agreements and paid all sums to be performed or paid under the Additional Commitment Documents, including sums payable under Sections 12.1 and 12.2, on or before the Additional Commitment Closing Date. No Default shall have occurred and be continuing, and no Lease Default shall have occurred and be continuing. No Event of Loss and no event that, with the passage of time or the making of any determination, might constitute an Event of Loss shall have occurred with respect to either Airframe N806US or any Engine N806US.
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No Default; No Event of Loss. No Default shall have occurred and be continuing, and no Lease Default shall have occurred and be continuing. No Event of Loss and no event that, with the passage of time or the making of any determination, might constitute an Event of Loss shall have occurred with respect to either Airframe.
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No Default; No Event of Loss. As of the Exercise Date and the Maturity Date, respectively, no Default shall have occurred and be continuing and no Lease Default shall have occurred and be continuing.
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No Default; No Event of Loss. Borrower and Beneficiary shall have performed all of their respective agreements to be performed and paid all sums when due under the Financing Documents and/or Transaction Documents, including sums payable on or before the Amendment Date. An officer of each of Borrower and Beneficiary shall certify that no Default shall have occurred and be continuing and no Event of Loss or event that, with the passage of time or the making of any determination, might constitute an Event of Loss shall have occurred with respect to the Airframe or any Engine. Representations and Warranties. -------------------------------- The representations and warranties of Borrower, Trust Company, Lessee and Beneficiary contained in the Financing Documents (other than the Lease Assignment) and/or Transaction Documents (other than the Lease) shall be true and correct as of the Amendment Date as if made on and as of the Amendment Date and shall have been so certified by an officer of each of the foregoing.
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No Default; No Event of Loss. On such Drawing Date, no Event of Default or Default shall have occurred and be continuing and no Event of Loss with respect to such Designated Aircraft shall have occurred.
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No Default; No Event of Loss. No Event of Default, or event that with the passage of time or giving of notice or both would constitute an Event of Default, has occurred or will occur upon or as a consequence of the execution and delivery of the Operative Documents. No Event of Loss of the type described in clause (a) or (b) of the definition of Event of Loss has occurred or will occur upon the execution and delivery of the Operative Documents.
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No Default; No Event of Loss. To the best of Seller's knowledge, ---------------------------- there is no Default, Event of Default or Event of Loss or event that, with the passage of time or the giving of notice or both, would constitute an Event of Loss with respect to the Aircraft.
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Related to No Default; No Event of Loss

  • No Event of Loss No Event of Loss with respect to the Airframe or any Engine shall have occurred and no circumstance, condition, act or event that, with the giving of notice or lapse of time or both, would give rise to or constitute an Event of Loss with respect to the Airframe or any Engine shall have occurred.

  • Event of Loss Grantor shall at its expense promptly repair all repairable damage to any tangible Collateral. In the event that any tangible Collateral is damaged beyond repair, lost, totally destroyed or confiscated (an "Event of Loss") and such Collateral had a value prior to such Event of Loss of $25,000.00 or more, then, on or before the first to occur of (i) 90 days after the occurrence of such Event of Loss, or (ii) 10 Business Days after the date on which either Grantor or MLBFS shall receive any proceeds of insurance on account of such Event of Loss, or any underwriter of insurance on such tangible Collateral shall advise either Grantor or MLBFS that it disclaims liability in respect of such Event of Loss, Grantor shall, at Grantor's option, either replace the Collateral subject to such Event of Loss with comparable Collateral free of all liens other than Permitted Liens (in which event Grantor shall be entitled to utilize the proceeds of insurance on account of such Event of Loss for such purpose, and may retain any excess proceeds of such insurance), or pay to MLBFS on account of the Obligations an amount equal to the actual cash value of such Collateral as determined by either the applicable insurance company's payment (plus any applicable deductible) or, in absence of insurance company payment, as reasonably determined by MLBFS. Notwithstanding the foregoing, if at the time of occurrence of such Event of Loss or any time thereafter prior to replacement or payment, as aforesaid, an Event of Default shall have occurred and be continuing hereunder, then MLBFS may at its sole option, exercisable at any time while such Event of Default shall be continuing, require Grantor to either replace such Collateral or make a payment on account of the Obligations, as aforesaid.

  • No Default, etc No Default, Event of Default or Material Adverse Change has occurred and is continuing.

  • Payment Permitted If No Default Nothing contained in this Article XII or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time, except during the pendency of the conditions described in paragraph (a) of Section 12.2 or of any Proceeding referred to in Section 12.2, from making payments at any time of principal of and any premium or interest (including any Additional Interest) on the Securities or (b) the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of and any premium or interest (including any Additional Interest) on the Securities or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge (in accordance with Section 12.8) that such payment would have been prohibited by the provisions of this Article XII, except as provided in Section 12.8.

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • No Default No Default or Event of Default has occurred and is continuing.

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

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