Absence of Defaults and Events of Default. No continuing Default or Event of Default shall exist, or would result from such requested advance or issuance.
Absence of Defaults and Events of Default. At the time of and immediately after giving effect to such Borrowing, no Default or Event of Default shall have occurred and be continuing.
Absence of Defaults and Events of Default. (a) No Default or Event of Default has occurred and is continuing.
(b) No defaults by the Borrower exist under any Contract, except for defaults that, singly or in the aggregate, have not had and will not have (i) a Material Adverse Effect or (ii) an adverse effect on the validity or enforceability of this Agreement or any of the other Related Documents to which it is a party, or on the Borrower’s ability to perform under this Agreement or any of the other Related Documents to which it is a party. The Borrower is not in breach of any financial covenant or other material provision of any Contract entered into in connection with any Debt.
Absence of Defaults and Events of Default. (a) No Default or Event of Default has occurred and is continuing.
(b) The Authority is not in material default under (i) any order, writ, injunction or decree of any court or governmental body, agency or other instrumentality applicable to the Authority, or (ii) any law or regulation applicable to the Authority, or (iii) any Contract, default under which would have an adverse effect on the Properties, business, condition (financial or other), results of operations or prospects of the Authority or the Transactions, or which would have an adverse effect on the validity or enforceability of this Agreement or any of the other Related Documents, or on the authority or ability of the Authority to perform its obligations under this Agreement or any of the other Related Documents to which the Authority is a party. The Authority is not in breach of any rate or financial covenant or any other material provision of any Contract entered into in connection with any Debt.
Absence of Defaults and Events of Default. No continuing Default or Event of Default shall exist, or would result from such Loan.
Absence of Defaults and Events of Default. With respect to (a) any request for Term Loans or Mortgage Loans, no continuing Default or Event of Default shall exist, or would result from, such Borrowing or from application of the proceeds thereof and (b) any request for Floor Plan Committed Loans, (i) no continuing Event of Default under Sections 7.01.1, 7.01.4(a), (b), and (c) (in each case under Section 7.01.4, solely to the extent the repayment, repurchase, defeasance or redemption of such Indebtedness has been demanded by the holders thereof), 7.01.5, 7.01.6, 7.01.7, 7.01.8, 7.01.9, 7.01.11, 7.01.12, 7.01.13 or 7.01.14 shall exist, or would result from, such Borrowing or from application of the proceeds thereof and (ii) after giving effect to such Borrowing and the application of proceeds thereof, no other Event of Default shall be occurring and continuing for more than 60 consecutive calendar days (measured as to each Event of Default individually).
Absence of Defaults and Events of Default. No event has occurred and is continuing and no condition exists or will exist after giving effect to the borrowings or other extensions of credit to be made on the Closing Date under or pursuant to the Related Documents which constitutes an Event of Default or Default.
Absence of Defaults and Events of Default. (a) No Default or Event of Default has occurred and is continuing.
(b) No defaults by the Borrower or any of its Affiliates exist under any Contracts or judgments, decrees or orders, except for defaults that, singly or in the aggregate, have not had and will not have a Material Adverse Effect (as defined in the Continuing Covenant Agreement) or an adverse effect on the Borrower or the Borrower’s ability to perform its obligations under this Agreement or any of the other Bond Documents.
Absence of Defaults and Events of Default. (a) No Default or Event of Default has occurred and is continuing.
(b) No defaults by the Borrower or any other Obligated Group Member exist under any Contracts or judgments, decrees or orders, except for defaults that, singly or in the aggregate, have not had and will not have a Material Adverse Effect.
Absence of Defaults and Events of Default. No Default or Event of Default has occurred and is continuing.
