Common use of No Material Adverse Effect; No Default Clause in Contracts

No Material Adverse Effect; No Default. Neither the Borrower nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

Appears in 12 contracts

Samples: Revolving Credit Agreement (Power Solutions International, Inc.), Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp)

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No Material Adverse Effect; No Default. Neither the Borrower nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation contractual obligation that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

Appears in 2 contracts

Samples: Trust Note Amendment Agreement (Torchlight Energy Resources Inc), Foundation Note Amendment Agreement (Torchlight Energy Resources Inc)

No Material Adverse Effect; No Default. Neither None of the Borrower Obligor nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Credit Document.;

Appears in 1 contract

Samples: Revolving Loan Agreement (Grupo Aeromexico, S.A.B. De C.V.)

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No Material Adverse Effect; No Default. Neither the Borrower Company nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would immediately result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Pricesmart Inc)

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