Example ContractsClausesno default fundingVariants
No Default Funding
No Default Funding contract clause examples

No Default. On the date the Extension Request is given and on the then applicable Revolving Credit Maturity Date (as determined without regard to such extension) no Default or Event of Default shall have occurred and be continuing, and Borrower shall deliver to Agent a certificate signed on behalf of Borrower by an Authorized Officer stating the same.

No Default. On the date the Extension Request is given and on the then applicable Revolving Credit Maturity Date (as determined without regard to such extension) no Default or Event of Default shall have occurred and be continuing, and the Borrowers shall deliver to Agent a certificate signed on behalf of Parent Borrower by an Authorized Officer stating the same.

No Default. On the date the Revolving Credit Extension Request is given and on the Revolving Credit Maturity Date (as determined without regard to such extension) there shall exist no Default or Event of Default.

no Default or Event of Default shall have occurred and be continuing either on the date that the Borrower delivers the Extension Request, or on the original Revolving Credit Termination Date immediately prior to or after giving effect to such extension, provided that, the Borrower shall deliver # a certificate from a Responsible Officer together with the Extension Request certifying that no Default or Event of Default shall have occurred and be continuing on the date the Borrower delivers such Extension Request and # on the original Revolving Credit Termination Date, a certificate from a Responsible Officer certifying that no Default or Event of Default shall have occurred and be continuing on the original Revolving Credit Termination Date; and

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