Common use of Default in Covenants Clause in Contracts

Default in Covenants. The Borrower shall default in the performance of any other term, covenant, or agreement contained in this Agreement, and such default shall continue unremedied for fifteen (15) days after either: (i) it becomes known to an executive officer of the Borrower; or (ii) written notice thereof shall have been given to the Borrower by the Lender.

Appears in 3 contracts

Samples: Note and Loan and Security Agreement, Note and Loan and Security Agreement, Note and Loan and Security Agreement

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Default in Covenants. The Borrower shall default in the performance of any other term, covenant, or agreement contained in this Loan Agreement, Notes, or Security Agreements and such default shall continue unremedied for fifteen (15) ten days after either: (i) it becomes known to an executive officer of the Borrower; or (ii) written notice thereof shall have been given to the Borrower by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Tetridyn Solutions Inc)

Default in Covenants. The Borrower Borrowers shall default in the performance of any other term, covenant, covenant or agreement contained in this Loan Agreement, and such default shall continue unremedied for fifteen twenty (1520) days after either: (i) it becomes known the mailing of notice of such default to an executive officer of the Borrower; or (ii) written notice thereof shall have been given to the Borrower by the LenderBorrowers.

Appears in 1 contract

Samples: Security Agreement (Snowdance Inc)

Default in Covenants. The If the Borrower shall default in the performance of any other term, covenant, or agreement contained in this Loan Agreement, and such default shall continue unremedied for fifteen thirty (1530) days after either: (i) l. it becomes known to Borrower or an executive officer of the BorrowerGuarantor; or (ii) 2. written notice thereof shall have been duly given to the Borrower by the Lender.;

Appears in 1 contract

Samples: Loan Agreement (Real Goods Trading Corp)

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Default in Covenants. The Borrower shall default in the performance of any other term, covenant, or agreement contained in this Loan Agreement, and such default shall continue unremedied for fifteen thirty (1530) days after either: (i1) it becomes known to an executive officer of the Borrower; or (ii) written notice thereof shall have been given to the Borrower by the Lender.it

Appears in 1 contract

Samples: Loan Agreement (Lynch Corp)

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