Common use of Absence of Default or Event of Default Clause in Contracts

Absence of Default or Event of Default. There shall be no Event of Default (as defined in the Notes) or any event which, with the passage of time and/or the giving of notice, would constitute an Event of Default (“Default”);

Absence of Default or Event of Default. There shall be no Event of Default (as defined in the Convertible Notes) or any event which, with the passage of time and/or the giving of notice, would constitute an Event of Default (“Default”);