Common use of Continuance of Default Clause in Contracts

Continuance of Default. For purposes of all Loan Documents, a Default shall be deemed to have continued and exist until the Agent shall have actually received evidence satisfactory to the Agent that such Default shall have been remedied.

Appears in 18 contracts

Samples: Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc), Day Credit Agreement (Williams Sonoma Inc)

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Continuance of Default. For purposes of all Loan Documents, a Default shall be deemed to have continued and exist until the Agent shall have actually received evidence satisfactory to the Agent that such Default shall have been remedied.

Appears in 4 contracts

Samples: Credit Agreement (Horizon Health Corp /De/), Credit Agreement (Horizon Health Corp /De/), Credit Agreement (Intervoice Inc)

Continuance of Default. For purposes of all Loan ---------------------- Documents, a Default shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence satisfactory to the Administrative Agent that such Default shall have been remedied.

Appears in 2 contracts

Samples: Credit Agreement (Imperial Financial Group Inc), Credit Agreement (Imperial Financial Group Inc)

Continuance of Default. For purposes of all Loan Documents, a Default shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence satisfactory to the Administrative Agent that such Default shall have been remedied.

Appears in 2 contracts

Samples: Credit Agreement (First Investors Financial Services Group Inc), Credit Agreement (Firstmerit Corp /Oh/)

Continuance of Default. For purposes of all Loan Documents, a Default shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence satisfactory to the Administrative Agent that such Default shall have been remedied.

Appears in 2 contracts

Samples: Credit Agreement (Monarch Dental Corp), Credit Agreement (Peregrine Systems Inc)

Continuance of Default. For purposes of all Loan Documents, (a) a Default which is capable of being remedied shall be deemed to have continued and exist until the Agent shall have actually received evidence reasonably satisfactory to the Agent that such Default shall have been remediedremedied and (b) a Default not capable of being remedied shall be deemed to exist until waived in accordance with the Loan Document.

Appears in 2 contracts

Samples: Loan Agreement (Uici), Loan Agreement (Uici)

Continuance of Default. For purposes of all Loan Documents, ---------------------- a Default shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence satisfactory to the Administrative Agent that such Default shall have been remedied.

Appears in 2 contracts

Samples: Credit Agreement (Renaissance Worldwide Inc), Credit Agreement (Renaissance Worldwide Inc)

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Continuance of Default. For purposes of all Loan ---------------------- Documents, a Default shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence satisfactory to the Administrative Agent that such Default shall have been remedied.

Appears in 1 contract

Samples: Credit Agreement (Renaissance Worldwide Inc)

Continuance of Default. For purposes of all Loan Documents, a Default shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence satisfactory to the Administrative Agent that such Default shall have been remedied.

Appears in 1 contract

Samples: Credit Agreement (Oreilly Automotive Inc)

Continuance of Default. For purposes of all Loan Documents, a Default shall be deemed to have continued and exist until the Agent shall have actually received evidence satisfactory to the Agent that such Default shall have been remedied.

Appears in 1 contract

Samples: Credit Agreement (Jotan Inc)

Continuance of Default. For purposes of all Loan Documents, a any Default that is capable of being remedied shall be deemed to have continued and exist until the Administrative Agent shall have actually received evidence which it in good fxxxx xxxxx satisfactory to the Agent that such Default shall have been remedied.

Appears in 1 contract

Samples: Credit Agreement (Galyans Trading Co Inc)

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