Common use of No Defaults; Adverse Restrictions Clause in Contracts

No Defaults; Adverse Restrictions. No Default or Unmatured Default exists or will exist immediately after the funding of the Loans. No default exists under or with respect to any of the Credit Parties’ contractual or other obligations in any respect that, individually or in the aggregate, has resulted in, or could reasonably be expected to result in, a Material Adverse Change.

Appears in 3 contracts

Samples: Credit Agreement (Axtel Sab De Cv), Assignment and Assumption (Axtel Sab De Cv), Credit Agreement (Axtel Sab De Cv)

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No Defaults; Adverse Restrictions. No Default or Unmatured Default exists or will exist immediately after the funding of the Loans. No default exists under or with respect to any of the Credit Parties’ contractual or other obligations in any respect that, individually or in the aggregate, has resulted in, or could reasonably be expected to result in, a Material Credit Agreement 42 Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Axtel Sab De Cv)

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