Common use of No Default For Borrowed Money Clause in Contracts

No Default For Borrowed Money. No default with respect to any agreement pursuant to which the Borrower has borrowed money or guaranteed the obligations of others has occurred and is continuing as of the date hereof nor has any such event occurred which with the passage of time and/or giving of notice would constitute such a default.

Appears in 3 contracts

Samples: Loan Agreement (Tasty Baking Co), Loan Agreement (Power Medical Interventions, Inc.), Loan Agreement (Tasty Baking Co)

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No Default For Borrowed Money. No default with respect to any agreement pursuant to which the Borrower has borrowed money or guaranteed the obligations of others has occurred and is continuing as of the date hereof nor has any such event occurred which with the passage of time and/or giving of notice would constitute such a default.. Loan Agreement

Appears in 1 contract

Samples: Loan Agreement (Tengion Inc)

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No Default For Borrowed Money. No default with respect to any agreement pursuant to which the Borrower has borrowed money or guaranteed the obligations of others has occurred and is continuing as of the date hereof that has not been waived in writing nor has any such event occurred which with the passage of time and/or giving of notice would constitute such a defaultdefault that has not been waived in writing.

Appears in 1 contract

Samples: Loan Agreement (Tasty Baking Co)

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