Common use of Indebtedness Default Clause in Contracts

Indebtedness Default. No Loan Party is in default under any Indebtedness nor does it reasonably believe that it will be in default under any Indebtedness.

Appears in 3 contracts

Samples: Credit and Security Agreement (1847 Holdings LLC), Master Credit and Security Agreement (Salona Global Medical Device Corp), Credit and Security Agreement (1847 Holdings LLC)

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Indebtedness Default. No Loan Party is in default under any Indebtedness nor does it reasonably believe that it will any condition exists which, with the giving of notice or the lapse of time or both, would reasonably be expected to result in a default under any Indebtedness.

Appears in 1 contract

Samples: Credit and Security Agreement (Danimer Scientific, Inc.)

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