Defaults Under Material Contracts. Promptly upon any officer of any Loan Party or any of its Subsidiaries obtaining knowledge of any condition or event that constitutes a default or an event of default under any Material Contract or that notice has been given to any Loan Party or any of its Subsidiaries with respect thereto, a certificate of an Authorized Officer of such Loan Party specifying the nature and period of existence of such condition or event and the nature of such claimed default or event of default, and what action such Loan Party has taken, is taking and proposes to take with respect thereto; and
Defaults Under Material Contracts. Any default or event of default shall occur under any Material Contract, and, if subject to a cure right, shall fail to be cured or corrected within the applicable cure period.
Defaults Under Material Contracts. Any Note Party, Managed Company or any other Affiliate of a Note Party that is party to a Managed Company Document shall breach or default in the performance of or compliance with any material term contained in any Material Contract or Managed Company Document, beyond any grace period without remedy or waiver, if the effect of such breach or default is to cause the counterparty to such Material Contract to terminate such Material Contract prior to its stated term; provided, that no Event of Default shall exist pursuant to this Section 8.1(o) with respect to any breach of or default in compliance with a Material Contract to the extent that Company would be in pro forma compliance with Section 6.8 as of the last day of the most recent Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.1(b) after deducting the revenue from such Material Contract from Consolidated Recurring Revenue, as applicable.
Defaults Under Material Contracts. Promptly upon any officer of Holdings or any of its Subsidiaries receiving written notice of a default or event of default under any Material Contract that would reasonably be expected to have a Material Adverse Effect, a certificate of an Authorized Officer of the Borrower Representative specifying the nature and period of existence of such condition or event and the nature of such claimed default or event of default, and what action the Borrower Representative has taken, is taking and proposes to take with respect thereto;
Defaults Under Material Contracts. There is not existing any default or event of default under any Material Contract which might reasonably be expected to have a Material Adverse Effect.
Defaults Under Material Contracts. 1. See Litigation Schedule 4.7, which refers to various leases under which defaults may exist.
Defaults Under Material Contracts. Any default or event of default by the Borrower, any Guarantor or NN Italy shall occur under any Material Contract, and, if subject to a cure right, shall fail to be cured or corrected within the applicable cure period.
Defaults Under Material Contracts. (a) So far as the Vendors are aware, the Company is not in default in any material respect under any material contract to which it is a party nor has the Company received any written notice that it is in default under any material contract to which it is a party. ________________________________________________________________________________ ________________________________________________________________________________ (b) So far as the Vendors are aware, no party to any material contract with the Company is in default in any material respect under such contract and, so far as the Vendors are aware, there are no circumstances which are likely to give rise to any such default.
Defaults Under Material Contracts. 40 3.28 AH Industries and Haul Insurance........................... 40
Defaults Under Material Contracts. Except as set forth on Disclosure Schedule (3.27) or except as a result of the commencement of the Chapter 11 Cases, as of the Closing Date, no default or breach by any Credit Party has occurred under any Material Contract.
