Outstanding Defaults. (i) No Default or Event of Default exists or would result from the incurring of any Secured Obligations by any Obligor. (ii) No event has occurred which constitutes or which, with the giving of notice, lapse of time or both, would constitute a default under or in respect of any Material Agreement, Mining License, or material undertaking or instrument to which any Obligor or Specified Entity is a party or to which its respective property or assets may be subject, and which could reasonably be expected to have a Material Adverse Effect.
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Samples: Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.)
Outstanding Defaults. (i) No Default or Event of Default exists or would result from the incurring of any Secured Obligations by any Obligor.
(ii) No event has occurred which constitutes or which, with the giving of notice, lapse of time or both, would constitute a default under or in respect of any Material Agreement, Mining License, or material undertaking or instrument to which any Obligor or Specified Entity is a party or to which its respective property or assets may be subject, and which could reasonably be expected to have a Material Adverse Effect, other than the Mineral Reserves Overestimate.
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