Common use of Breach of Negative Covenants Clause in Contracts

Breach of Negative Covenants. The Borrower or any Subsidiary fails to perform, observe or comply with any of the covenants or conditions contained in Section 8.2 and, with respect to such covenants or conditions which are capable of rectification, if such failure continues for a period of 15 days after notice in writing has been given to the Borrower specifying such failure and requiring the Borrower or the Subsidiary to rectify the same;

Appears in 2 contracts

Samples: Convertible Loan Agreement, Convertible Loan Agreement

AutoNDA by SimpleDocs

Breach of Negative Covenants. The Borrower or any Subsidiary fails to perform, observe or comply with any of the covenants or conditions contained in Section 8.2 6.2 of this Agreement and, with respect to such covenants or conditions which are capable of rectification, if such failure continues for a period of 15 fifteen (15) days after notice in writing has been given to the Borrower specifying such failure and requiring the Borrower or the Subsidiary to rectify the same;

Appears in 1 contract

Samples: Credit Agreement (Timmins Gold Corp.)

AutoNDA by SimpleDocs

Breach of Negative Covenants. The Borrower or any Subsidiary fails to perform, observe or comply with any of the covenants or conditions contained in Section 8.2 and, with respect to such covenants 6.2 or conditions which are capable Section 6.3 of rectification, if such failure continues for a period of 15 days after notice in writing has been given to the Borrower specifying such failure and requiring the Borrower or the Subsidiary to rectify the samethis Agreement;

Appears in 1 contract

Samples: Credit Agreement (Timmins Gold Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!