Default of Indebtedness. No Company is in default in the payment of the principal of or interest on any Indebtedness with an outstanding principal balance in excess of $2,500,000 or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.
Appears in 3 contracts
Samples: Revolving Credit, Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.), Reimbursement, Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.), Reimbursement, Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)
Default of Indebtedness. No Company is not in default in the payment of the principal of or interest on any Indebtedness with an outstanding principal balance in excess of $2,500,000 or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Infinity Augmented Reality, Inc.), Securities Purchase Agreement (Infinity Augmented Reality, Inc.), Securities Purchase Agreement (Infinity Augmented Reality, Inc.)
Default of Indebtedness. No Except with respect to the CDC Loans, the Company is not in default in the payment of the principal of or interest on any Indebtedness with an outstanding principal balance in excess of $2,500,000 or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.
Appears in 2 contracts
Samples: Note Purchase Agreement (Sagent Technology Inc), Note Purchase Agreement (Group 1 Software Inc)
Default of Indebtedness. No Company is in default in the payment of the principal of or interest on any Indebtedness with an outstanding principal balance in excess of $2,500,000 or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder. 5.12.
Appears in 1 contract
Samples: Revolving Credit, Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)
Default of Indebtedness. No The Company is not in default in the payment of the principal of or interest on any Indebtedness with an outstanding principal balance in excess of $2,500,000 or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Sagent Technology Inc)
Default of Indebtedness. No The Company is not in default in the payment of the principal of or interest (i) on any Indebtedness with an outstanding principal balance in excess of $2,500,000 indebtedness or (ii) under any instrument or agreement under or subject to which any Indebtedness indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder, except for such defaults for which the Company has obtained an effective waiver at least through December 31, 2004.
Appears in 1 contract
