No Default or Event of Default has occurred and is continuing Clause Samples

No Default or Event of Default has occurred and is continuing. The Lenders and the Administrative Agent and their respective successors and assigns may rely on the truth and accuracy of the foregoing in connection with the extensions of credit to the Borrowers pursuant to the Credit Agreement. * * *
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No Default or Event of Default has occurred and is continuing. In this regard, the compliance with the provisions of SECTION 7.3 is as follows: (i) SECTION 7.3(A) -- CONSOLIDATED ADJUSTED NET WORTH ACTUAL REQUIRED $___________ $___________ (ii) SECTION 7.3(B) -- DEBT TO CAPITALIZATION RATIO ACTUAL REQUIRED ______ to 1.00 0.55 to 1.00 (iii) SECTION 7.3(C) -- FIXED CHARGE COVERAGE RATIO ACTUAL REQUIRED ______ to 1.00 1.50 to 1.00 (iv) SECTION 7.3(D) -- INTEREST COVERAGE RATIO ACTUAL REQUIRED ______ to 1.00 2.50 to 1.00 (v) SECTION 7.3(E) -- DEBT TO CONSOLIDATED NET WORTH RATIO -------------- ACTUAL REQUIRED ______ to 1.00 0.30 to 1.00
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No Default or Event of Default has occurred and is continuing. There has been no material adverse change in the business, properties, condition (financial or otherwise) or operations, present or prospective, of the Borrower and the Subsidiaries, taken as a whole, since March 2, 2024.
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Related to No Default or Event of Default has occurred and is continuing

  • 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.

  • Default or Event of Default Seller shall notify Buyer of the occurrence of any Default or Event of Default with respect to Seller as soon as possible but in no event later than two (2) Business Days after obtaining Knowledge of such event.

  • No Default or Event of Default has occurred and is continuing as of the date hereof or after giving effect to the Loans to be made on the date hereof. [Borrower only]

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Actions following an Event of Default On, or at any time after, the occurrence and during the continuation of an Event of Default: (a) the Agent may, and if so instructed by the Majority Lenders, the Agent shall: (i) serve on the Borrowers a notice stating that all or part of the Commitments and of the other obligations of each Lender to the Borrowers under this Agreement are cancelled; and/or (ii) serve on the Borrowers a notice stating that all or part of the Loan together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii), the Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law; and/or (b) the Security Trustee may, and if so instructed by the Agent, acting with the authorisation of the Majority Lenders, the Security Trustee shall take any action which, as a result of the Event of Default or any notice served under paragraph (a)(i) or (a)(ii), the Security Trustee, the Agent and/or the Lenders and/or the Swap Counterparties are entitled to take under any Finance Document or any applicable law.