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Common use of No Event of Default exists Clause in Contracts

No Event of Default exists. The Bank is satisfied that there has been no material or adverse change in the financial condition of the Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Daisytek International Corporation /De/), Credit Agreement (Daisytek International Corporation /De/)

Related Clauses

  • No Event of Default
  • Event of Default
  • Event of Default; Notice
  • No Default or Event of Default
  • Additional Event of Default

Parent Clauses

  • Representations and Warranties
  • Conditions Precedent
  • Miscellaneous
  • Partial Releases
  • OTHER DEFINITIONAL PROVISIONS

Sub-Clauses

  • COUNTERPART ORIGINALS
  • NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS
  • INTERPRETATION OF AGREEMENT
  • HEADINGS
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