No Potential Termination Event Sample Clauses
The "No Potential Termination Event" clause establishes that, at the time of entering into the agreement, neither party is aware of any circumstances that could lead to a termination event under the contract. In practice, this means each party represents that there are no existing breaches, defaults, or other conditions that would trigger early termination or require remedial action. This clause helps ensure that both parties are starting the contractual relationship on a clear and stable footing, reducing the risk of immediate disputes or contract instability due to pre-existing issues.
No Potential Termination Event. No Potential Termination Event that will not be cured by this Amendment becoming effective has occurred and is continuing.
No Potential Termination Event. (A) no Potential Termination Event or Termination Event is continuing or might reasonably be expected to result from any Obligor’s entry into, or performance of the transactions contemplated by any Transaction Document to which such Obligor is a party; and
(B) no other event or circumstance is outstanding which constitutes a default under any other agreement or instrument which is binding on any Obligor or to which such Obligor’s assets are subject and which might have a Material Adverse Effect;
No Potential Termination Event. No Potential Termination Event has occurred and is continuing.