No Debt Default each member of the Group is currently in compliance with all financial covenants in its outstanding indebtedness and is not in breach or potential breach of any provision of such indebtedness, nor will be in breach or potential breach of any provision of such indebtedness following issuance of the Bonds, except for any such breach or potential breach that would not, individually or in aggregate, have a Material Adverse Effect;
No Debt Default save as disclosed by the Company in any public announcement or in the Prospectus Documents, each member of the Group is currently in compliance with, or has received a waiver (which has not been revoked) in relation to, all financial covenants in its outstanding indebtedness and is not in breach or potential breach of any provision of such indebtedness, nor will be in breach or potential breach of any provision of such indebtedness following completion of the Rights Issue, save in each case where non-compliance, breach or potential breach would not result in a Material Adverse Effect;
No Debt Default. As of immediately prior to the Closing, the Company shall not be in default under or breach of the Pius Agreement that is not the subject of a forbearance agreement or similar waiver (including as may be set forth in the consent to be delivered pursuant to Section 7.4).
No Debt Default. (i) the Issuer is currently in compliance in all material respects with all financial covenants in its outstanding indebtedness and is not in breach or potential breach of any provision of such indebtedness in any material respects;
No Debt Default. The Bank shall have received a certificate, in form and substance satisfactory to the Bank, dated and effective as of the Date of Issuance, and executed by an Authorized Issuer Representative, and stipulating that no default or event of default exists with respect to any Debt of the Issuer.
