Common use of NO DEFAULT, EVENT OF DEFAULT OR EVENT OF LOSS Clause in Contracts

NO DEFAULT, EVENT OF DEFAULT OR EVENT OF LOSS. (a) No Default or Event of Default has occurred and is continuing. No Event of Loss has occurred and is continuing as of the Closing Date (and, as of any date after the Closing Date on which representations and warranties are made or deemed made under this Agreement, no Event of Loss has occurred and is continuing or, if an Event of Loss has occurred and is continuing as of such date, an EOL Compliance Certificate has been delivered by the Company to the Administrative Agent pursuant to Section 5.20(a)).

Appears in 3 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Global Telesystems Group Inc)

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NO DEFAULT, EVENT OF DEFAULT OR EVENT OF LOSS. (a) No Default or Event of Default has occurred and is continuing. No Event of Loss has occurred and is continuing as of the Closing Date (and, as of any date after the Closing Date on which representations and warranties are made or deemed made under this Agreement, no Event of Loss has occurred and is continuing or, if an Event of Loss has occurred and is continuing as of such date, an EOL Compliance Certificate has been delivered by the Company Borrower to the Administrative Agent pursuant to Section 5.20(a5.19(a)).

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)

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NO DEFAULT, EVENT OF DEFAULT OR EVENT OF LOSS. (a) No Default or Event of Default has occurred and is continuing. No Event of Loss has occurred and is continuing as of the Closing Date (and, as of any date after the Closing Date on which representations and warranties are made or deemed made under this Agreement, no Event 69 of Loss has occurred and is continuing or, if an Event of Loss has occurred and is continuing as of such date, an EOL Compliance Certificate has been delivered by the Company to the Administrative Agent pursuant to Section 5.20(a)).

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)

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