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

No Event of Default or Unmatured Event of Default. shall arise as a result of any limitation or threshold set forth in Dollars in Section 9 or Section 10 under this Agreement being exceeded solely as a result of changes in currency exchange rates from those rates applicable on the last day of the Fiscal Quarter of the Company immediately preceding the Fiscal Quarter of the Company in which such transaction requiring a determination occurs.

Appears in 2 contracts

Sources: Credit Agreement (Rexnord Corp), Credit Agreement (Regal Beloit Corp)