Non-existence of Event of Default Sample Clauses

Non-existence of Event of Default. No event of default as defined in Article 7 shall have happened.
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Non-existence of Event of Default. No event of default as defined in Article 7 of this agreement shall have happened and no event, which with the lapse of time, or notice and lapse of time, would become an event of default, has happened and been continuing.
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Non-existence of Event of Default. The Borrower shall have complied with each and every covenant, condition precedent or condition subsequent required hereunder and no Event of Default shall have occurred and be continuing, no condition exists (or would exist after giving effect to the Advances requested to be made on such date) which would constitute a Default but for the giving of notice or passage of time or both.
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Non-existence of Event of Default. The Borrower shall satisfy IREDA that no event of default as defined in Article IX hereof and no event which, with the lapse of time or notice and lapse of time as specified in Article IX, would become an event of default, has happened and been continuing.
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Non-existence of Event of Default. The Borrower shall satisfy the Lender that no Event of Default and no event which, with the lapse of time or giving of notice and lapse of time as specified in Article V, would become an Event of Default, has happened and been continuing.
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Non-existence of Event of Default. The Borrower shall satisfy the Lenders that no event of default as defined in Article X hereof and no event which with the lapse of time or notice and lapse of time as specified in Article X would become an event of default, has happened and been continuing.
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Non-existence of Event of Default. The company shall satisfy the Debenture Holders that no event of default as defined in Article IX hereof and no event which, with the lapse of time as specified in the said Article IX would become an event of default shall have happened and be continuing.
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Related to Non-existence of Event of Default

  • Consequences of Event of Default 7.2.1 If an Event of Default occurs, Lender may, by notice to Borrower, declare the unpaid principal amount of the Note and interest accrued thereon and all other Obligations and liabilities of Borrower hereunder or under the Note or the Loan Documents to be immediately due and payable and the same shall thereupon become and be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. 7.2.2 In addition, if an Event of Default occurs, Lender shall have all rights and remedies granted herein and in the other Loan Documents and all rights or remedies available at law (including, without limitation, the UCC) or equity, whether as a secured party or otherwise (including specifically those granted by the Uniform Commercial Code as in effect in the jurisdiction or jurisdictions where the Collateral is located) and, except as limited by Law, all remedies of Lender (i) shall be cumulative and concurrent; (ii) may be pursued separately, successively or concurrently against Borrower or against all or any portion of the Collateral, at the sole discretion of Lender; (iii) may be exercised as often as occasion therefor shall arise, it being agreed by Borrower that the exercise or failure to exercise any rights or remedies shall in no event be construed as a waiver or release thereof or of any other right, remedy or recourse; and (iv) are intended to be, and shall be, nonexclusive. To the fullest extent permitted by applicable Law, Lender may resort to the rights, remedies and recourses set forth herein and any other security therefor in such order and manner as Lender may elect.

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