Common use of Covenant Defaults with Cure Clause in Contracts

Covenant Defaults with Cure. A Loan Party shall default in the due performance or observance of any other agreement contained in any Bond Document to which such Loan Party is party, and such default shall continue unremedied for a period of 30 days after the earlier to occur of (i) written notice thereof having been given to the Obligor by the Administrative Agent or any Bondholder or (ii) the date on which a Responsible Officer of the applicable Loan Party first obtains actual knowledge of such default or, solely in the case of a Loan Agreement Exclusive Default, if longer, such later period of time as is provided in the applicable Indenture.

Appears in 3 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement (SemGroup Corp), Continuing Covenant Agreement (SemGroup Corp)

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Covenant Defaults with Cure. A Loan Party shall default in the due performance or observance of any other agreement contained in any Bond Loan Document to which such Loan Party is party, and such default shall continue unremedied for a period of 30 thirty (30) days after the earlier to occur of (i) written notice thereof having been given to the Obligor Borrower by the Administrative Agent or any Bondholder or (ii) the date on which a Responsible Officer of the applicable Loan Party first obtains actual knowledge of such default or, solely in the case of a Loan Agreement Exclusive Default, if longer, such later period of time as is provided in the applicable IndentureLender.

Appears in 2 contracts

Samples: Credit Agreement (TransMontaigne Partners LLC), Credit Agreement (TransMontaigne Partners LLC)

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Covenant Defaults with Cure. A Loan Party shall default in the due performance or observance of any other agreement contained in any Bond Loan Document to which such Loan Party is party, and such default shall continue unremedied for a period of 30 days after the earlier to occur of (i) written notice thereof having been given to the Obligor Borrower by the Administrative Agent or any Bondholder Lender or Issuing Bank or (ii) the date on which a Responsible Officer of the applicable Loan Party first obtains actual knowledge of such default or, solely in the case of a Loan Agreement Exclusive Default, if longer, such later period of time as is provided in the applicable Indenturedefault.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

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