Common use of No New Defaults Clause in Contracts

No New Defaults. No Default or Event of Default has occurred other than the Existing Default and the Potential Defaults.

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Sport Chalet Inc)

No New Defaults. No Other than the Existing Defaults and the Potential Defaults, no Default or Event of Default has occurred other than the Existing Default and the Potential Defaultsoccurred.

Appears in 1 contract

Sources: Loan and Security Agreement (Sport Chalet Inc)