No Default or Event of Loss Sample Clauses

No Default or Event of Loss. Neither the Borrower nor the General --------------------------- Partner is in default under or with respect to any Contractual Obligation in any respect which could reasonably be expected to (i) have a material adverse effect on the business, operations, property, condition (financial or otherwise) or prospects of the Borrower or the General Partner or (ii) materially adversely affect the ability of the Borrower or the General Partner to perform its obligations under the Transaction Documents to which it is a party. No Default or Event of Default has occurred and is continuing. No Event of Loss has occurred which has not been notified in writing to the Lender pursuant to subsection 6.12.
Sample 1
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No Default or Event of Loss. No event has occurred which constitutes, or with the giving of notice and/or the passage of time and/or a relevant determination would constitute, a contravention of, or default under, any agreement or instrument by which the Borrower or any of its assets is bound or affected, including but not limited to the Loan and Security Documents. No Default or Event of Default has occurred or will occur solely as a result of the consummation of the transactions contemplated hereby. To the best of the Borrower’s knowledge, no Event of Loss or event which, with the passage of time, would become an Event of Loss, has occurred.
Sample 1
No Default or Event of Loss. Neither the Partnership nor the General Partner is in default in any material respect under or with respect to any Contractual Obligation, including without limitation, any Transaction Document; and no notice of default has been given to the Partnership or the General Partner under any of the Project Documents. To the best knowledge of the Partnership and the General Partner, no other party to a Project Document is in default thereunder. No Default or Event of Default has occurred and is continuing; no Event of Loss has occurred; and no Event of Regulation has occurred.
Sample 1
No Default or Event of Loss. The Borrower is not in default under or with respect to any Contractual Obligation in any respect which could be materially adverse to the business, operations, property or financial or other condition of the Borrower, or which could materially adversely affect the ability of the Borrower to perform its obligations under this Agreement, the Term Notes or any of the other Project Documents to which it is or is to become a party. No Default or Event of Default has occurred and is continuing; no Event of Loss has occurred.
Sample 1
No Default or Event of Loss. The Borrower is not in default under or with respect to any Contractual Obligation in any respect which could be materially adverse to its business, operations, property or financial or other condition, or which could materially adversely affect the ability of the Borrower to perform its obligations under this Agreement, the Notes or any of the other Project Documents to which it is a party. No Default or Event of Default as to the Borrower or the Parent or Cogentrix Energy and, to the best of the Borrower's knowledge, no Default or Event of Default arising from the acts or omissions of any other Project Participant, has occurred and is continuing; no Event of Loss has occurred.
Sample 1
No Default or Event of Loss. Lessor will not be in default of any of its obligations under the Operative Documents and no Event of Loss, or event, condition or circumstance that would with the giving of notice or passage of time become or give rise to an Event of Loss, will have occurred.
Sample 1
No Default or Event of Loss. The Borrower is not in default in any material respect under or with respect to any Contractual Obligation, including without limitation, any Project Document; and no notice of default has been given to the Borrower under any of the Project Documents. To the best knowledge of the Borrower, no other party to a Project Document is in default thereunder. No Default or Event of Default has occurred and is continuing; and no Event of Loss has occurred.
Sample 1
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No Default or Event of Loss. Neither the Borrower nor the General Partner is in default under or with respect to any Contractual Obligation (including without limitation, any Basic Document to which it is a party) in any respect which could reasonably be expected to (i) have a material adverse effect on the business, operations, property, condition (financial or otherwise) or prospects of the Borrower or the General Partner or (ii) materially adversely affect the ability of the Borrower or the General Partner to perform its obligations under the Basic Documents to which it is a party. No notice of default has been given to the Borrower or the General Partner under any of the Basic Documents to which it is a party. To the best knowledge of the Borrower, no other party to a Basic Document is in default thereunder in any respect which could reasonably be expected to (i) have a material adverse effect on the business, operations, property, condition (financial or otherwise) or prospects of such party or (ii) materially adversely affect the ability of such party to perform its obligations under the Basic Documents to which it is a party. No Default or Event of Default has occurred and is continuing. No Event of Loss has occurred which has not been notified in writing to the Agents and the Lenders pursuant to subsection 7.18(a).
Sample 1

Related to No Default or Event of Loss

  • No Default or Event of Default has occurred and is continuing as of the date hereof or after giving effect to the Loans to be made on the date hereof. [Borrower only]

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • Default or Event of Default Seller shall, as soon as possible but in no event later than two (2) Business Days after obtaining actual knowledge of such event, notify Purchaser of the occurrence of any Default or Event of Default.

  • Event of Loss Grantor shall at its expense promptly repair all repairable damage to any tangible Collateral. In the event that any tangible Collateral is damaged beyond repair, lost, totally destroyed or confiscated (an "Event of Loss") and such Collateral had a value prior to such Event of Loss of $25,000.00 or more, then, on or before the first to occur of (i) 90 days after the occurrence of such Event of Loss, or (ii) 10 Business Days after the date on which either Grantor or MLBFS shall receive any proceeds of insurance on account of such Event of Loss, or any underwriter of insurance on such tangible Collateral shall advise either Grantor or MLBFS that it disclaims liability in respect of such Event of Loss, Grantor shall, at Grantor's option, either replace the Collateral subject to such Event of Loss with comparable Collateral free of all liens other than Permitted Liens (in which event Grantor shall be entitled to utilize the proceeds of insurance on account of such Event of Loss for such purpose, and may retain any excess proceeds of such insurance), or pay to MLBFS on account of the Obligations an amount equal to the actual cash value of such Collateral as determined by either the applicable insurance company's payment (plus any applicable deductible) or, in absence of insurance company payment, as reasonably determined by MLBFS. Notwithstanding the foregoing, if at the time of occurrence of such Event of Loss or any time thereafter prior to replacement or payment, as aforesaid, an Event of Default shall have occurred and be continuing hereunder, then MLBFS may at its sole option, exercisable at any time while such Event of Default shall be continuing, require Grantor to either replace such Collateral or make a payment on account of the Obligations, as aforesaid.

  • No Default or Violation Neither the Company nor any Subsidiary (i) is in default under or in violation of (and no event has occurred which has not been waived which, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary under), nor has the Company or any Subsidiary received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, in each case of clauses (i), (ii) or (iii) above, except as could not individually or in the aggregate, have or result in a Material Adverse Effect.

  • No Event of Loss No Event of Loss with respect to the Airframe or any Engine shall have occurred and no circumstance, condition, act or event that, with the giving of notice or lapse of time or both, would give rise to or constitute an Event of Loss with respect to the Airframe or any Engine shall have occurred.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • No Default or Breach Neither the Company nor any of its Subsidiaries shall have been in default under or with respect to any Contractual Obligation in any respect, which, individually or together with all such defaults, would be materially adverse to the Condition of the Company or which could materially adversely affect the ability of the Company to perform its obligations under this Agreement, the Preferred Shares or the Registration Rights Agreement.

  • No Default or Consents Neither the execution and delivery of this Agreement nor the carrying out of the transactions contemplated hereby will:

  • Remedies Upon Occurrence of Event of Default 13 7.1. Remedies; Obtaining the Collateral Upon Default............. 13 7.2. Remedies; Disposition of the Collateral..................... 14 7.3.

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