Common use of Defaults; Material Adverse Effect Clause in Contracts

Defaults; Material Adverse Effect. No Default, Event of Default or Material Adverse Effect shall have occurred and be continuing on the date of such Revolving Loan or could reasonably be expected to result from making such Revolving Loan. The acceptance by the Borrower of the proceeds of such Revolving Loan shall be deemed to be a representation and warranty by the Borrower to the Lender to such effect.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Allegro Microsystems Inc), Revolving Credit Agreement (Talbots Inc), Revolving Credit Agreement (Talbots Inc)

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Defaults; Material Adverse Effect. No Default, Event of Default or Material Adverse Effect shall have occurred and be continuing on the date of such Revolving Loan or could reasonably be expected to would result from making such Revolving Loan. The acceptance by the Borrower of the proceeds of such Revolving Loan shall be deemed to be a representation and warranty by the Borrower to the Lender to such effect.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (Talbots Inc), Revolving Loan Credit Agreement         credit Agreement (Talbots Inc)

Defaults; Material Adverse Effect. No Default, Event of Default or Material Adverse Effect shall have occurred and be continuing on the date of such Revolving Loan or could reasonably be expected to would result from making such Revolving Loan. The acceptance by the Borrower of the proceeds of such Revolving Loan shall be deemed to be a representation and warranty by the Borrower to the Lender to such effect.. (b)

Appears in 1 contract

Samples: Revolving Loan Credit Agreement         credit Agreement (Talbots Inc)

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Defaults; Material Adverse Effect. No Default, Event of Default or event that may have a Material Adverse Effect shall have occurred and be continuing on the date of such Revolving Loan or could reasonably be expected to result from making such Revolving Loan. The acceptance by the Borrower of the proceeds of such Revolving Loan shall be deemed to be a representation and warranty by the Borrower to the Lender to such effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Talbots Inc)

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