Common use of No Regulatory Event Clause in Contracts

No Regulatory Event. No Regulatory Event (in either Borrower's or Lender's reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 5 contracts

Samples: Equipment Loan and Security Agreement (Econophone Inc), Equipment Loan and Security Agreement (Econophone Inc), Loan and Security Agreement (Startec Global Communications Corp)

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No Regulatory Event. No Regulatory Event (in either Borrower's or Lender's Requisite Lenders' reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Us Lec Corp), Loan and Security Agreement (Us Lec Corp)

No Regulatory Event. No Regulatory Event (in either the reasonable determination of Lender or any Borrower's or Lender's reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Econophone Inc)

No Regulatory Event. No Regulatory Event (in either Borrower's or Lender's the Requisite Lenders' reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Eschelon Telecom Inc)

No Regulatory Event. No Regulatory Event (in either the reasonable determination of Lender or any Borrower's or Lender's reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Viatel Inc)

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No Regulatory Event. No Regulatory Event (in either Borrower's, Guarantor's or Lender's reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Ixc Communications Inc)

No Regulatory Event. No Regulatory Event (in either Borrower's or Lender's the Requisite Lenders' reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.. (f)

Appears in 1 contract

Samples: Loan and Security Agreement (Us Xchange LLC)

No Regulatory Event. No Regulatory Event (in either Borrower's ------------------- or Lender's reasonable determination) shall have occurred and be continuing or would exist upon the consummation of transactions to occur on such Borrowing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Telscape International Inc)

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