Common use of Confirmation of no default Clause in Contracts

Confirmation of no default. The Borrower will, within two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by an officer of the Borrower and which states that: (i) no Event of Default or Potential Event of Default has occurred; or (ii) no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.1(c) from time to time but only if asked to do so by a Lender or Lxxxxxx having Contributions exceeding 50.1% of the Loan or (if no Advances have been made) Commitments exceeding 50.1% of the Total Commitments, and this Clause 11.1(c) does not affect the Borrower’s obligations under Clause 11.1(b).

Confirmation of no default. The Borrower Xxx Xxxrower will, within two (2) 2 Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by an officer 2 directors of the Borrower and which states thatwhich: (ia) states that no Event of Default or Potential Event of Default has occurred; or (iib) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.1(c) 11.14 from time to time but only if asked to do so by a Lender or Lxxxxxx Lenders having Contributions exceeding 50.1% 10 percent of the Loan or (if no Advances have Advance has been made) Commitments exceeding 50.1% 10 percent of the Total Commitments, ; and this Clause 11.1(c) 11.14 does not affect the Borrower’s 's obligations under Clause 11.1(b)11.I5.

Confirmation of no default. The Borrower will, within two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by an officer of the Borrower and which states that: (i) no Event of Default or Potential Event of Default has occurred; or (ii) no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.1(c) from time to time but only if asked to do so by a Lender or Lxxxxxx Lenders having Contributions exceeding 50.133% of the Loan or (if no Advances have been madeare outstanding) Commitments exceeding 50.133% of the Total Commitments, and this Clause 11.1(c) does not affect the Borrower’s obligations under Clause 11.1(b).

Confirmation of no default. The Borrower Borrowers will, within two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by an officer of each of the Borrower Borrowers and which states that: (i) no Event of Default or Potential Event of Default has occurredoccurred and is continuing; or (ii) no Event of Default or Potential Event of Default has occurredoccurred and is continuing, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.1(c) from time to time but only if asked to do so by a Lender or Lxxxxxx Lenders having Contributions exceeding 50.133% of the Loan or (if no Advances have been made) Commitments exceeding 50.133% of the Total Commitments, and this Clause 11.1(c) does not affect the Borrower’s Borrowers’ obligations under Clause 11.1(b).

Confirmation of no default. The Borrower will, within two (2) Business Days after service by the Agent of a written request, serve on the Agent a notice which is signed by an officer of the Borrower and which states that: (i) no Event of Default or Potential Event of Default has occurred; or (ii) no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given. The Agent may serve requests under this Clause 11.1(c) from time to time but only if asked to do so by a Lender or Lxxxxxx Lenders having Contributions exceeding 50.133% of the Loan or (if no Advances have been made) Commitments exceeding 50.133% of the Total Commitments, and this Clause 11.1(c) does not affect the Borrower’s 's obligations under Clause 11.1(b).