No Material Event. No Material Event with respect to BG or BG Parent shall have occurred and be continuing and no material default by BG or BG Parent under any BG Debt Instrument (including any payment default or default under any debt to equity financial covenant or other financial ratio) or acceleration of debt under any BG Debt Instrument shall have occurred and be continuing.
Appears in 4 contracts
Samples: Membership Interest Transfer Agreement, Membership Interest Transfer Agreement, Membership Interest Transfer Agreement (Exco Resources Inc)