Breach of certain obligations. Notwithstanding anything in Section 15(d) to the contrary, the occurrence of a Travmed Subordinated Debt Default.
Breach of certain obligations. If the Borrower fails to comply with any of its obligations according to the Finance Documents and such breach if capable of remedy continues unremedied for 5 (five) Business Days after receipt of a notice thereof from the Lender; or
Breach of certain obligations. Any requirement of Clause 28 (Financial covenant) is not satisfied.
Breach of certain obligations any Obligor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 10.18.2, 10.18.3, 12.1.6, 12.1.7, 12.1.8, 12.1.9(c), 12.1.16 and 12.2 or, subject to being cured in accordance with clause 13.3, clause 13.1; or
Breach of certain obligations. By either First Charter or GBC, if its Board of Directors determines in good faith by a majority vote that the other party has substantially engaged in bad faith in breach of its obligations under Section 6.13 of this Agreement;
Breach of certain obligations any Borrower or any Guarantor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 21.1.3 (Pari passu), 21.1.4 (Financial statements), 21.1.5(b) (Delivery of reports), 21.2 (Negative undertakings) or 21.3 (Financial undertakings); or
Breach of certain obligations. (i) The Executive acknowledges and agrees that in the event that the Executive breaches or threatens to breach Sections 5 or 9 of this Agreement, all compensation and benefits otherwise payable pursuant to this Agreement and the vesting and/or exercisability of all stock options, restricted stock and other forms of equity compensation previously awarded to the Executive, notwithstanding the provisions of any agreement evidencing any such award to the contrary, shall immediately cease.
(ii) The Company shall give prompt notice to the Executive of its discovery of a breach by the Executive of Section 9 of this Agreement. If it is determined by a vote of not less than two-thirds of the members of the Board that the Executive has breached Section 9 of this Agreement and has not cured such breach within ten (10) business days of such notice, then:
(1) the Executive shall forfeit to the Company (A) all stock options, stock appreciation rights and other equity compensation awards (other than shares of restricted stock, restricted stock units or similar awards) granted to the Executive by the Company which remain outstanding and unexercised or unpaid as of the date of such determination by the Board (the “Breach Determination Date”) and (B) all shares of restricted stock, restricted stock units and similar awards granted to the Executive by the Company which continue to be held by the Executive as of the Breach Determination Date to the extent that such awards vested during the Forfeiture Period (as defined below); and
(2) the Executive shall pay to the Company all gains realized by the Executive upon (A) the exercise by or payment in settlement to the Executive on and after the commencement of the Forfeiture Period of stock options, stock appreciation rights and other equity compensation awards (other than shares of restricted stock, restricted stock units or similar awards) granted to the Executive by the Company and (B) the sale on and after the commencement of the Forfeiture Period of shares or other property received by the Executive pursuant to awards of restricted stock, restricted stock units or similar awards granted to the Executive by the Company and which vested during the Forfeiture Period. For purposes of this Section, the gain realized by the Executive upon the exercise or payment in settlement of stock options, stock appreciation rights and other equity compensation awards shall be equal to (A) the closing sale price on the date of exercise (as rep...
Breach of certain obligations any Obligor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 12.1(c), (d), (e), (f), (g), (h), (i)(ii), (k) and (y), clause 12.2(a), (b), (c), (f),(g), (h), (i) and (k) and clause 13; or
Breach of certain obligations. Any requirement of Clause 21.1 (Financial covenants) is not satisfied within 10 Business Days of the date upon which the Company becomes aware or ought to have become aware thereof.
Breach of certain obligations. (a) Any requirement of Clause 22 (Financial covenants) is not satisfied.
(b) An Obligor does not comply with any of the provisions of this Agreement in Clause 23.5 (Pari passu ranking), Clause 23.8 (Merger), Clause 23.12 (Negative pledge), Clause 23.13 (Disposals), Clause 23.10 (Acquisitions), Clause 23.28 (Redemption of the High Yield Bonds) and Clause 23.33 (Conditions Subsequent).
