Absence of Specified Events Sample Clauses

Absence of Specified Events. None of the actions referred to in Section 4.1(a) through Section 4.1(o) shall have occurred and be continuing, except to the extent permitted under Section 4.1 hereof; provided, that if any such actions have occurred at any time after August 31, 2003, the date specified in Section 7.1(g) hereof shall, in Buyer's sole discretion, be extended to a date 30 days after the date the Buyer first receives notice of such occurrence.
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Absence of Specified Events. No Amortization Event, Event of Default or Potential Default has occurred and is continuing or would result from the Borrower receiving the Loan or from the application of the proceeds therefrom.
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Absence of Specified Events. 7.1 As of 31 March 2012 until the Closing Date, except as expressly permitted in the Agreement, the Seller has caused the Group Companies to be managed only in the ordinary course of business, consistent with past practice, and has caused the Group Companies not to take any of the following actions:
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Related to Absence of Specified Events

  • XXXX Events Notwithstanding anything to the contrary set forth herein, no XXXX Event may be closed until the date that is (a) if there are no Collateral Properties in a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), twenty (20) days or (b) if there are any Collateral Properties in a “special flood hazard area”, sixty (60) days, after the Administrative Agent has delivered to the Lenders the following documents in respect of such Property: (i) a completed flood hazard determination from a third party vendor; (ii) if such Property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Parties of that fact and (if applicable) notification to the applicable Loan Parties that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Parties of such notice; and (iii) if required by applicable Flood Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Laws; provided that any such XXXX Event may be closed prior to such period expiring if the Administrative Agent shall have received confirmation from each Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction.

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