Common use of No Existing Default Clause in Contracts

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) hereunder on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit made on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made, continued or converted made on such date or (ii) on the issuance issue, extension or extension renewal date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit made on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, conversion or continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, converted or continued or converted on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such datedate or on such continuation or conversion date after giving effect to such continuation or conversion.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date of such borrowing with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the date of such issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Except with respect to the initial Extensions of Credit on the Closing Date, no Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date borrowing with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.. (c)

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance date of issuance, extension or extension date increase with respect to such Letter of Credit or after giving effect to the issuance issuance, extension or extension increase of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have ------------------- occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default or, to the knowledge of Borrower, Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation date of such borrowing or conversion date exercise with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit made on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing under this Agreement (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such any Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) in the case of each Loan, on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) in the case of each Letter of Credit, on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have ------------------- occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date made or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, conversion or continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Immediately after the making of the requested borrowing, no Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation continuation, conversion, issuance or conversion extension date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on 47 made one such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and no Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such a Revolving Loan or after giving effect to the Revolving Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such a Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, initial borrowing date of a Loan or any date of conversion of any Loan to or a continuation or conversion date with respect to such of any Loan as a LIBOR Rate Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion date Borrowing Date with respect to such Loan or after giving effect to the Loans Loan to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder on (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Revolving Credit Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit to be issued on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or immediately after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or immediately after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.. 57

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension Issuance date with respect to such Letter of Credit or after giving effect to the issuance or extension Issuance of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have has occurred and be is continuing (i) on the borrowing, continuation or conversion date with respect to such Loan Loans or after giving effect to the Loans to be made, continued or converted on such date date, or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance issuance, increase or extension date with respect to such Letter of Credit or after giving effect to the issuance issuance, increase or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made, continued or converted made on such date or (ii) on the issuance issue, extension or extension renewal date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.. ARTICLE VII

No Existing Default. No Potential Event of Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be be(b) continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance issuance, amendment or extension date with respect to such Letter of Credit or after giving effect to the issuance issuance, amendment or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan Loans or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of ------------------- Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) or on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such any Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default ------------------- shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit to be issued on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made (and the use of proceeds thereof) on such date or (ii) on the issuance issuance, extension or extension increase date with respect to such Letter of Credit or after giving effect to the issuance issuance, extension or extension increase of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (iA) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (iiB) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.. M#368727 36

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date, or (iii) on the date Borrowers submit a Notice of Continuation/Conversion, Notice of Borrowing, or Application.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.. (c)

No Existing Default. No Default or Event of Default shall have ------------------- occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit to be issued on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance issuance, increase or extension date with respect to such Letter of Credit or after giving effect to the issuance issuance, increase or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have ------------------- occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or Aggregator Letter of Credit, as applicable, or after giving effect to the issuance or extension of such Letter Letters of Credit or Aggregator Letters of Credit, as applicable, on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension date with respect to such Letter of Credit to be issued or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the making of the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter the Letters of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or date, (ii) on the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date, or (iii) on the issue date with respect to such Acceptance or after giving effect to such Acceptance on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion date with respect to such Loan or after giving effect to the Loans to be made, continued or converted on such date or (ii) on the issuance issuance, increase or extension date with respect to such Letter of Credit or after giving effect to the issuance issuance, increase in the face amount or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default ------------------- shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or after giving effect affect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such a Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such a Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have ------------------- occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance or extension issue date with respect to such Letter Letters of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance issuance, extension, renewal or extension increase date with respect to such Letter of Credit or after giving effect to the issuance issuance, extension, renewal or extension increase of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on or the issuance or extension issue date with respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing, continuation or conversion borrowing date with respect to such Loan or after giving effect to the Loans to be made, continued or converted made on such date or (ii) on the issuance issuance, extension or extension increase date with respect to such Letter of Credit or after giving effect to the issuance issuance, extension or extension increase of such Letter of Credit on such date.

No Existing Default. No Default or Event of Default shall have occurred and be continuing hereunder (iA) on the borrowing, continuation or conversion borrowing date with respect to such Revolving Loan or after giving effect to the Revolving Loans to be made, continued or converted made on such date or (iiB) on the issuance or extension issue date with 56 respect to such Letter of Credit or after giving effect to the issuance or extension of such Letter Letters of Credit on such date.