Common use of No Default or Event of Default exists Clause in Contracts

No Default or Event of Default exists. Neither the Borrower nor any Subsidiary is in default under or with respect to its Organization Documents in any respect which, individually or together with all other such defaults, would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: 364 Day Credit Agreement (Citgo Petroleum Corp), Term Loan Agreement (Citgo Petroleum Corp)