Common use of no Default exists Clause in Contracts

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.5) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp)

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no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 2 contracts

Samples: Assignment and Assumption (Oneok Inc /New/), Credit Agreement (Oneok Inc /New/)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Hillenbrand Industries Inc)

no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Revolving Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Meritage Homes CORP)

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no Default exists. The Borrower shall prepay any Committed Revolving Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.5SECTION 3.05) to the extent necessary to keep outstanding Committed Revolving Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Meritage Corp)

no Default exists. The Borrower shall prepay any Committed Loans outstanding on the Revolving Extension Effective Date (and pay any additional amounts required pursuant to Section 3.53.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the LendersLenders effective as of the Extension Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Ferrellgas Partners Finance Corp)

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