No New Defaults Sample Clauses
No New Defaults. No Default or Event of Default has occurred other than the Existing Default and the Potential Defaults.
No New Defaults. During the Forbearance Period, there shall occur no Default under any Loan Document or this Agreement, nor shall there be a breach or failure of any warranty, representation or covenant as described in this Agreement.
No New Defaults. Except as set forth in prior amendments to the Loan Agreement, no Default or Event of Default has occurred. No Default or Event of Default is continuing.
No New Defaults. During the Forbearance Period, there will occur no new event which would allow Banks with or without notice to accelerate Obligations, to discontinue extending credit to Borrower under applicable Credit Documents, or to exercise any rights or remedies against any collateral for Obligations owed to any Bank or an event which, with the passage of time or the giving of notice or both, would constitute an Event of Default under any one or more of the Credit Documents, or a default occurs under the Forbearance Agreement (collectively, an "Incipient Default"), and there will be no breach or failure of any warranty, representation or covenant contained in this Forbearance Agreement.
No New Defaults. No new default or Event of Default shall occur under the Loan Documents, as amended by this Agreement. Notwithstanding the foregoing, Lender will not be deemed to have waived any rights or remedies arising as a result of any new default or Event of Default by Borrowers under the Loan Documents.
No New Defaults. No Default or Event of Default has occurred other than the Existing Event of Default and the Excluded Defaults referred to in Sections 3.2(c) and (e) of the First Amendment.
No New Defaults. The accommodations provided by Lender are limited to the exercise of Lender's rights and remedies arising as a result of the Existing Defaults, and Lender will not be deemed to have waived or suspended any rights or remedies arising as a result of a new default or Event of Default by Borrower under the Loan Documents (as amended). Borrower will not commit any new default or Event of Default under any of the Loan Documents (as modified).