No Default; Event of Default Sample Clauses
No Default; Event of Default. No Default or Event of Default shall have occurred and be continuing on the Amendment Effective Date or result from this Amendment becoming effective in accordance with its terms.
No Default; Event of Default. No Default or Event of Default exists as of the date hereof or will result from the continuation/conversion of the Loan; and
No Default; Event of Default. [Except as expressly set forth in attached SCHEDULE 2,] no Default or Event of Default exists as of the date hereof or existed at any time during the Reporting Period. [SCHEDULE 2 sets forth a true, correct and complete description of the nature and period of existence of each Default or Event of Default that exists as of the date hereof or existed at any time during the Reporting Periods and the actions that the Company, the REIT, or their respective Subsidiaries have taken, are taking and propose to take with respect thereto].
No Default; Event of Default. Other than the Specified Defaults, no Default or Event of Default shall have occurred and be continuing on the Effective Date or result from this Agreement becoming effective in accordance with its terms.
No Default; Event of Default. After giving effect to this Seventh Amendment and the transactions contemplated hereby, no Default or Event of Default shall have occurred and be continuing on the Seventh Amendment Effective Date or result from this Seventh Amendment becoming effective in accordance with its terms.
No Default; Event of Default. After giving effect to this Second Amendment, no Default or Event of Default shall have occurred and be continuing on the Second Amendment Effective Date or result from this Second Amendment becoming effective in accordance with its terms.
No Default; Event of Default. No Default or Event of Default has occurred and is continuing.
No Default; Event of Default. None of the Borrower or any ---------------------------- other Loan Party is in default under any System Contract or Loan Document as of the Closing Date. As of any date representations and warranties are made or deemed made under this Agreement subsequent to the Closing Date, (a) none of the Borrower or any other Loan Party is in default under any System Contract which could reasonably be expected to have a Material Adverse Effect and (b) no Default, Event of Default or Designated Event has occurred and is continuing.
No Default; Event of Default. After giving effect to this Consent, no Default or Event of Default shall have occurred and be continuing on the Consent Effective Date or result from this Consent becoming effective in accordance with its terms.
No Default; Event of Default. Neither the partial payment of the Original Principal Amount through issuance of the Shares, nor the extension of the Maturity Date to the Extended Maturity Date with respect to the Remaining Principal Amount, shall constitute an Event of Default under the Agreement or this Amendment. However, if Frontstep Solutions fails to cause Parent to issue the Shares to MVC as contemplated hereby, or fails to pay the Remaining Principal Amount and interest thereon on or prior to the Extended Maturity Date, an Event of Default shall exist and MVC shall have the right:
(a) to demand that the Shares be immediately issued in accordance herewith and that the entire unpaid Remaining Principal Amount, all accrued interest thereon, and all other sums payable hereunder to be immediately due and payable, whereupon the same shall become immediately due and payable, without presentment, demand, protest of further notice of any kind, all of which are hereby expressly waived by Frontstep Solutions; or
(b) to convert all, but not less than all, of the unpaid Remaining Principal Amount, accrued but unpaid interest thereon, and all other sums payable hereunder into common shares of Parent at the Amended Conversion Price (defined in SECTION 6 of this Amendment) in accordance with SECTION 4 of the Agreement. If Parent fails to issue the Shares in accordance herewith, or Frontstep Solutions fails to pay any amount payable under this Amendment, whether of the Shares, the Remaining Principal Amount or otherwise, on the due date thereof, Frontstep shall, except in case of exercise of the conversion right specified in SECTION 5(b) of this Amendment, pay MVC interest on the entire outstanding Remaining Principal Amount and accrued and unpaid interest at the rate of sixteen percent (16%) per annum.