Common use of Continuance of Default Clause in Contracts

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

Appears in 11 contracts

Samples: Guaranty Agreement (Williams Sonoma Inc), Guaranty Agreement (Williams Sonoma Inc), Guaranty Agreement (Williams Sonoma Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Tufco Technologies Inc), Credit Agreement (Tufco Technologies Inc)

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