Common use of Covenant Default Clause in Contracts

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 or 5.14 or (ii) violate any covenant in Section 6; or

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement (Amicus Therapeutics, Inc.), Loan Agreement (Collegium Pharmaceutical, Inc)

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Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.125.13, 5.13 5.14, 5.17, 5.19 (if and only if such failure or 5.14 neglect does not directly arise from a failure of any Lender to exercise its rights pursuant thereto), 5.20(a) or 5.21 or (ii) violate or breach any covenant or agreement in Section 2.9(a) or Section 6; or

Appears in 4 contracts

Samples: Loan Agreement (LumiraDx LTD), Fifteenth Amendment (LumiraDx LTD), Loan Agreement (LumiraDx LTD)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 5.13, 5.14 5.16 or 5.14 5.17 or (ii) violate or breach any covenant or agreement in Section 6; or

Appears in 4 contracts

Samples: Loan Agreement (UroGen Pharma Ltd.), Loan Agreement (NovoCure LTD), Guaranty and Security Agreement (UroGen Pharma Ltd.)

Covenant Default. (a) The Credit Parties: (i) fail Any Credit Party fails to perform, comply with or neglect observe any term, covenant or agreement applicable to perform it contained in any obligation in Sections 5.2of Section 5.1, Section 5.2(a), Section 5.3, Section 5.4, 5.5Section 5.5(a), 5.6, Section 5.7, Section 5.9, Section 5.10, Section 5.12, 5.13 Section 5.14, Section 5.15, Section 5.17 or 5.14 Section 5.18 or (ii) violate any covenant in Section 6Article VI; or

Appears in 3 contracts

Samples: Credit Agreement (ARKO Corp.), Credit Agreement (ARKO Corp.), Credit Agreement (ARKO Corp.)

Covenant Default. (a) The Any Credit Parties: (i) fail Party fails or neglect neglects to perform any obligation in Sections 5.26.2, 5.36.6, 5.46.7, 5.56.10, 5.66.12, 5.7, 5.10, 5.12, 5.13 6.13 or 5.14 or (ii) violate violates any covenant in Section 67; or

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Tenable Holdings, Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 or 5.14 or (ii) violate any covenant in Section 6; or

Appears in 2 contracts

Samples: Loan Agreement (Epizyme, Inc.), Loan Agreement (Epizyme, Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 5.13, 5.14 5.16 or 5.14 5.17 or (ii) violate any covenant in Section 6; or

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Global Blood Therapeutics, Inc.), Guaranty and Security Agreement (Global Blood Therapeutics, Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.26.2, 5.36.4, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 6.5 or 5.14 6.6; or (ii) violate any covenant in Section 67; or

Appears in 1 contract

Samples: Loan and Security Agreement (Merrimack Pharmaceuticals Inc)

Covenant Default. (a) The Credit Parties: (i) Parties fail or neglect to perform any obligation in Sections 5.26.2, 5.36.4, 5.46.5, 5.56.6, 5.66.7(b), 5.7, 5.10, 5.12, 5.13 or 5.14 or (ii) violate any covenant in Section 67; or

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Pharma, Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.125.13, 5.13 5.14 or 5.14 5.17 or (ii) violate or breach any covenant or agreement in Section 2.9(a) or Section 6; or

Appears in 1 contract

Samples: Loan Agreement (LumiraDx LTD)

Covenant Default. (a) The Any Credit PartiesParty: (i) fail fails or neglect neglects to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 5.13, 5.14, 5.16 or 5.14 5.17 or (ii) violate violates or breaches any covenant or agreement in Section 6; or

Appears in 1 contract

Samples: Loan Agreement (Coherus BioSciences, Inc.)

Covenant Default. (a) a. The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.125.13, 5.13 5.14 or 5.14 5.17(a) or (ii) violate or breach any covenant or agreement in Section 6; or

Appears in 1 contract

Samples: Loan Agreement (INSMED Inc)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.25.2(b)(i), 5.35.2(b)(iii), 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 or 5.14 or (ii) violate any covenant in Section 6; or

Appears in 1 contract

Samples: Guaranty and Security Agreement (Sarepta Therapeutics, Inc.)

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Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 5.13, 5.14 or 5.14 5.16 or (ii) violate any covenant in Section 6; or

Appears in 1 contract

Samples: Loan Agreement (Biodelivery Sciences International Inc)

Covenant Default. (a) The Credit Parties: (i) Parties fail or neglect to perform any obligation in Sections 5.26.2, 5.36.4, 5.46.5, 5.56.6, 5.6, 5.7, 5.10, 5.12, 5.13 6.7(b) or 5.14 or (ii) violate any covenant in Section 67; or

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Pharma, Inc.)

Covenant Default. (a) The a)Any Credit PartiesParty: (i) fail fails or neglect neglects to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.12, 5.13 5.13, 5.14, 5.16 or 5.14 5.17 or (ii) violate violates or breaches any covenant or agreement in Section 6; or

Appears in 1 contract

Samples: Loan Agreement (Coherus BioSciences, Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.26.2, 5.36.4, 5.46.5, 5.56.6, 5.6, 5.7, 5.10, 5.12, 5.13 or 5.14 6.7; or (ii) violate any covenant in Section 67; or

Appears in 1 contract

Samples: Loan and Security Agreement (Novocure LTD)

Covenant Default. (a) The Credit Parties: (i) fail Any Loan Party fails or neglect neglects to perform any obligation in Sections 5.25.1, 5.35.2(a), 5.45.3(a)-(h), 5.3(l), 5.3(n), 5.4(d) (as it relates to Borrower’s making of payments), 5.5, 5.65.7, 5.75.8, 5.9, 5.10, 5.125.13, 5.13 5.15 or 5.14 5.16 or violates any covenant in Section 6 or (ii) violate any covenant of the entities described in Section 66.14 violates the covenant set forth in Section 6.14; or

Appears in 1 contract

Samples: Loan and Security Agreement (Sunlight Financial Holdings Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.75.8, 5.10, 5.12, 5.13 5.11 or 5.14 5.15 or (ii) violate any covenant in Section 6; or

Appears in 1 contract

Samples: Loan Agreement (Lexicon Pharmaceuticals, Inc.)

Covenant Default. (a) The Credit Parties: (i) fail or neglect to perform any obligation in Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.10, 5.125.13, 5.13 5.14 or 5.14 5.17 or (ii) violate or breach any covenant or agreement in Section 6; or.

Appears in 1 contract

Samples: Loan Agreement (Reata Pharmaceuticals Inc)

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