Breach or Failure to Comply with Obligations Sample Clauses

Breach or Failure to Comply with Obligations. If (A) Borrower fails to timely submit any Budget Reconciliation Report on or before the applicable date and time required under this Section 5.17(h) for delivery thereof or (B) Borrower fails to comply with any other obligation under this Section 5.17(h), then, in each case, and in addition to all other rights and remedies of the Agent and Lenders under this Agreement, the other Loan Documents and applicable law (and without limitation of any remedies set forth in Section 7.02), Agent shall be permitted to immediately, and without notice to Borrower or any other Loan Party, exercise exclusive control over all bank or securities accounts of the Loan Parties subject to a Control Agreement including, without limitation, (1) to direct the withdrawals and transfers of all funds on deposit in such accounts and (2) to deliver an “Exclusive Access Notice” to Republic Bank & Trust Company pursuant to that certain Deposit Account Control Agreement dated as of May 16, 2023 and exercise all rights of the “Secured Party” thereunder with respect to all “Accounts” and “Account Collateral” as such terms are defined therein.
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Related to Breach or Failure to Comply with Obligations

  • Obligation to comply with notice The Borrower or any Security Party shall comply with a notice under Clause 6.1 by the date specified in the notice.

  • Failure to Comply with the 1934 Act So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934 Act.

  • Failure to Comply If the Developer fails to observe or perform any condition of this Agreement after the Municipality has given the Developer thirty (30) days written notice of the failure or default, then in each such case:

  • Covenant to Comply with Applicable Laws Upon Repurchase of Notes In connection with any repurchase offer, the Company will, if required:

  • Compliance with the Laws and Agreements; No Defaults (a) Each of the Borrower and each Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  • Effect of Failure to Comply Failure to comply with reporting requirements shall result in the withholding of funds, the return of improper payments or Unallowable Costs, will be considered a material breach of this Agreement and may be the basis to recover Grant Funds. Grantee's failure to comply with this ARTICLE XIII, ARTICLE XIV, or ARTICLE XV shall be considered prima facie evidence of a breach and may be admitted as such, without further proof, into evidence in an administrative proceeding before Grantor, or in any other legal proceeding. Grantee should refer to the State of Illinois Grantee Compliance Enforcement System for policy and consequences for failure to comply.

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