Common use of Breach of Financial Covenants Clause in Contracts

Breach of Financial Covenants. Borrower shall (i) fail to satisfy any financial covenant set forth in Article 8 other than the financial covenants set forth in Sections 8.3, 8.4 and 8.6, and such failure shall continue for thirty (30) days, or (ii) fail to satisfy any of the financial covenants set forth in Section 8.3, 8.4 or 8.6 (as to which there shall be no cure period).

Appears in 3 contracts

Samples: Term Loan Agreement (Arden Realty Limited Partnership), Term Loan Agreement (Arden Realty Limited Partnership), Revolving Credit Agreement (Arden Realty Limited Partnership)

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Breach of Financial Covenants. Borrower shall (i) fail to satisfy any financial covenant set forth in Article 8 other than the financial covenants set forth in Sections 8.3, 8.4 and 8.6, and such failure shall continue for thirty (30) days, or (ii) fail to satisfy any of the financial covenants set forth in Section Sections 8.3, 8.4 or 8.6 (as to which there shall be no cure period).

Appears in 2 contracts

Samples: Senior Unsecured Credit Agreement (Arden Realty Inc), Revolving Credit Agreement (Arden Realty Inc)

Breach of Financial Covenants. Borrower shall (i) fail to satisfy any financial covenant set forth in Article 8 other than the financial covenants set forth in Sections 8.3, 8.4 and 8.6, and such failure shall continue for thirty (30) days, or (ii) fail to satisfy any of the financial covenants set forth in Section 8.3, 8.4 or 8.6 (as to which there shall be no cure period).

Appears in 1 contract

Samples: Revolving Credit Agreement (Arden Realty Inc)

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Breach of Financial Covenants. Borrower shall (i) fail to satisfy any financial covenant set forth in Article ARTICLE 8 other than the financial covenants set forth in Sections SECTIONS 8.3, 8.4 and 8.6, and such failure shall continue for thirty (30) days, or (ii) fail to satisfy any of the financial covenants set forth in Section SECTIONS 8.3, 8.4 or 8.6 (as to which there shall be no cure period).

Appears in 1 contract

Samples: Revolving Credit Agreement (Arden Realty Inc)

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