Common use of Absence of Defaults Clause in Contracts

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (b), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (bii), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Loan Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Loan Party or any Subsidiary thereof is a party or by which any Credit Loan Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Loan Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (bii), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, Default or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Loan Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Loan Party or any Subsidiary thereof is a party or by which any Credit Loan Party or any Subsidiary thereof or any of their respective properties Properties may be bound or which would require any Credit Loan Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor under such judgment, decree or order that, in any case under this clause (b), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, constitutes a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract (after the expiration of any applicable grace or notice periods) or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (bii), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor thattherefor, in any the case under of this clause (b), could, either individually or in the aggregate, where such default could reasonably be expected to have result in a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under any (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor thattherefor, where such default or event of default, in any the case under this of clause (bii), couldcould individually, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor thattherefor, in any the case under of this clause (b), could, either individually or in the aggregate, where such default could reasonably be expected to have result in a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract Indebtedness or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (b)case, could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (ai) which constitutes a Default or an Event of Default, or (bii) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Restricted Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof its Restricted Subsidiaries is a party or by which any Credit Party or any Subsidiary thereof its Restricted Subsidiaries or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof its Restricted Subsidiaries to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (b), ii) could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or an Event of Default, Default or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract or (ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor under such judgment, decree or order that, in any case under this clause (b), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.