There exists no Event of Default Sample Clauses

There exists no Event of Default. (6) Under lender entrusted payment arrangement, the Borrower will provide evidence for the purpose of the Loan Fund acceptable to the Syndicate to the Agent Bank before provision of Loan Fund. Under Borrower direct payment arrangement, the Borrower will provide a Loan Fund payment plan acceptable to the Syndicate to the Agent Bank before provision of Loan Fund.
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There exists no Event of Default. 4.5 The execution, delivery and performance by the Borrower of the Loan Documents executed by it do not (i) violate the Borrower’s organizational documents, (ii) violate any law applicable to the Borrower or any order of any court binding on the Borrower or (iii) violate any material agreement to which such Person is a party
Sample 1
There exists no Event of Default. Requests for releases shall be submitted by Borrower in writing at least sixty (60) days prior to the proposed release date, and Borrower shall include in such request the anticipated date of the closing of the sale, the name of the proposed buyer, a copy of the applicable terms of sale, and a calculation by Borrower of what it believes the Debt Service Coverage Ratio of the Properties has been over the most recent 12-month period (with supporting financial information showing NOI on a Property-by-Property basis over such period).
Sample 1
There exists no Event of Default. Requests for substitution shall be submitted by Borrower in writing at least sixty (60) days prior to the proposed substitution date, and Borrower shall include in such request all financial and other descriptive information provided to Lender with respect to the Properties in connection with the Application and a calculation by Borrower of what it believes the Debt Service Coverage Ratio of the Properties has been over the most recent 12-month period (with supporting financial information showing NOI on a Property-by-Property basis over such period).
Sample 1
There exists no Event of Default. 11.1.2 A copy of the Board resolution of the Borrower authorising the Borrower to enter into this Agreement and appointing authorised persons to sign all applications notices and documents to be delivered hereunder and for the operation of the Facility; and specimen signatures of the authorised persons appointed under the Board resolution referred to herein.
Sample 1

Related to There exists no Event of Default

  • No Event of Default No Default or Event of Default has occurred and is continuing.

  • Event of Default Any of the following shall constitute an “Event of Default”:

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (i) through (iv) of Section 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Lender may, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate.

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • After Event of Default Borrower further agrees to pay, or reimburse Lender, for all reasonable out-of-pocket costs and expenses, including without limitation reasonable attorneys’ fees and disbursements incurred by Lender after the occurrence of an Event of Default (i) in enforcing any Obligation or in foreclosing against the Collateral or exercising or enforcing any other right or remedy available by reason of such Event of Default; (ii) in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or in any insolvency or bankruptcy proceeding; (iii) in commencing, defending or intervening in any litigation or in filing a petition, complaint, answer, motion or other pleadings in any legal proceeding relating to Borrower and related to or arising out of the transactions contemplated hereby; (iv) in taking any other action in or with respect to any suit or proceeding (whether in bankruptcy or otherwise); (v) in protecting, preserving, collecting, leasing, selling, taking possession of, or liquidating any of the Collateral; or (vi) in attempting to enforce or enforcing any Lien in any of the Collateral or any other rights under the Security Instrument.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Consequences of Event of Default In every such event (other than an event with respect to the Borrower described in clause (l) of Section 7.01), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (l) of Section 7.01, (i) the Commitments shall automatically terminate, and (ii) the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

  • Default or Event of Default No Default or Event of Default hereunder has occurred or is continuing or will occur as a result of the giving effect hereto.

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