Common use of Compliance with Agreements; No Defaults Clause in Contracts

Compliance with Agreements; No Defaults. (a) No Loan Party or Subsidiary thereof is in default in any material respect under or with respect to any contract, agreement, lease, or other instrument to which a Loan Party or Subsidiary thereof is a party which is continuing and which, if not cured, could reasonably be expected to result in a Material Adverse Change. (b) No Default has occurred and is continuing.

Appears in 3 contracts

Samples: Master Assignment, Borrowing Base Increase Agreement, and Amendment No. 6 to Credit Agreement (Penn Virginia Corp), Credit Agreement (CVR Energy Inc), Credit Agreement (Penn Virginia Corp)

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Compliance with Agreements; No Defaults. (a) No Loan Party or Restricted Subsidiary thereof is in default in any material respect under or with respect to any contract, agreement, lease, or other instrument to which a Loan Party or Restricted Subsidiary thereof is a party which is continuing and which, if not cured, could reasonably be expected to result in a Material Adverse Change. (b) No Default has occurred and is continuing. Section 4.14 [Environmental Condition].

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Compliance with Agreements; No Defaults. (a) No Loan Party or Restricted Subsidiary thereof is in default in any material respect under or with respect to any contract, agreement, lease, or other instrument to which a Loan Party or Restricted Subsidiary thereof is a party which is continuing and which, if not cured, could reasonably be expected to result in a Material Adverse Change. (b) No Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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Compliance with Agreements; No Defaults. (a) No NoNeither Holdings nor any Loan Party or ornor any Subsidiary thereof is in default in any material respect under or with respect to any contract, agreement, lease, or other instrument to which a aHoldings, any Loan Party or any Subsidiary thereof is a party which is continuing and which, if not cured, could reasonably be expected to result in a Material Adverse Change. (b) No Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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