Common use of No Event of Default; Satisfaction of Financial Covenants Clause in Contracts

No Event of Default; Satisfaction of Financial Covenants. On the Closing Date and after giving effect to the initial disbursements of the Loans, no Event of Default or Unmatured Event of Default shall exist, and the covenant contained in Section 8.5, and each of the financial covenants contained in Article IX, shall be satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Spieker Properties Inc), Credit Agreement (Spieker Properties Inc)

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No Event of Default; Satisfaction of Financial Covenants. On the Closing Date and after giving effect to the initial disbursements of the Loans, no Event of Default or Unmatured Event of Default shall exist, exist and the covenant contained in Section 8.5, and each all of the financial covenants contained in Article IX, Articles VIII and IX shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Manufactured Home Communities Inc)

No Event of Default; Satisfaction of Financial Covenants. On the Closing Date and after giving effect to the initial disbursements of the Loans, no Event of Default or Unmatured Event of Default shall exist, exist and the covenant contained in Section 8.5, and each all of the financial covenants contained in Article IXArticles 6, 7, 8 and 9 shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Paragon Group Inc)

No Event of Default; Satisfaction of Financial Covenants. On the Closing Date and after giving effect to the initial disbursements of the Loans, no Event of Default or Unmatured Event of Default shall exist, exist and the covenant contained in Section 8.5, and each all of the financial covenants contained in Article IX, IX shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Excel Realty Trust Inc)

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No Event of Default; Satisfaction of Financial Covenants. On the Closing Date and after giving effect to the initial disbursements of the Loans, no Event of Default or Unmatured Event of Default shall exist, exist and the covenant contained in Section 8.5, and each all of the financial covenants contained in Sections 8.05 and 8.06 and Article IX, IX shall be satisfied.

Appears in 1 contract

Samples: Credit Agreement (Prudential Bache Equitec Real Estate Partnership)

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