Common use of No Debt Default Clause in Contracts

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;

Appears in 2 contracts

Samples: Agency Agreement, www.mengniuir.com

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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;

Appears in 1 contract

Samples: Execution

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 or, to the best of the knowledge of the Issuer, 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;

Appears in 1 contract

Samples: Subscription Agreement

No Debt Default. each Each member of the Group is currently in compliance with all financial and other 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;.

Appears in 1 contract

Samples: Exchangeable Bond Subscription Agreement

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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;

Appears in 1 contract

Samples: www.mengniuir.com

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 completion of the Bonds, except for Placing provided that any such breach or potential breach that violation thereof would not, individually or in aggregate, not have a Material Adverse Effect;

Appears in 1 contract

Samples: Placing Agreement

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