Common use of Continuing Compliance Clause in Contracts

Continuing Compliance. At the time of the Term Loan, there shall not exist any event, condition or act that constitutes an Event of Default hereunder or any condition, event or act which with notice, lapse of time or both would constitute such Event of Default. There would not exist any such event, condition, or act immediately after the disbursement, were it to be made.

Continuing Compliance. At the time of the Term Loan, there shall not exist any event, condition or act that which constitutes an Event of Default hereunder or any condition, event or act which with notice, lapse of time or both would constitute such Event of Default. There would not exist any such event, condition, or act immediately after the disbursement, were it to be made.