No event of default or potential event of default: Difference between revisions

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(Created page with "{{repanat|No default or potential event of default}} This is a classis loo paper rep: soft, durable, comfy, absorbent — super cute when a wee labrador pub grabs one end...")
 
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Revision as of 17:04, 13 June 2019

Representations and Warranties Anatomy™

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A “typical” No default or potential event of default clause:

No event of default or potential event of default: there has been no event of default or potential event of default under this agreement, and none would occur as a result of you executing or performing your obligations under this agreement.

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This is a classis loo paper rep: soft, durable, comfy, absorbent — super cute when a wee labrador pub grabs one end of the streamer and charges round the Italian sunken garden with it — but as a credit mitigant or contractual protection, only good for wiping your behind on.