Common use of 07No Default Clause in Contracts

07No Default. Neither Borrower nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that would, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

07No Default. Neither the Borrower nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that wouldcould, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

07No Default. Neither the U.S. Borrower nor any Subsidiary thereof is in default under or with respect to to, or a party to, any Contractual Obligation that wouldcould, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

07No Default. Neither the Borrower nor any Subsidiary thereof is in default under or with respect to to, or a party to, any Contractual Obligation that wouldcould, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document..