Common use of Default in Performance of Certain Covenants Clause in Contracts

Default in Performance of Certain Covenants. Any Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, such default shall continue for a period of ten (10) Business Days.

Appears in 5 contracts

Samples: Five Year Revolving Credit Agreement (BlackRock Inc.), Five Year Revolving Credit Agreement (BlackRock Inc.), Five Year Revolving Credit Agreement (BlackRock Inc.)

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Default in Performance of Certain Covenants. Any Borrower The Borrowers shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article XSections 7.1, 7.2 or 7.4(a) or Articles IX or X of this Agreement, and, in the case of any covenant contained in Sections 7.1, 7.2, or 7.4(a), such default shall continue remain uncured for a period of ten five (105) Business DaysDays after written notice thereof to the Borrower.

Appears in 2 contracts

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

Default in Performance of Certain Covenants. Any Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.2 or 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, such default shall continue for a period of ten (10) Business Days.

Appears in 2 contracts

Samples: Revolving Credit Agreement (BlackRock Inc.), Revolving Credit Agreement (BlackRock Inc.)

Default in Performance of Certain Covenants. Any The Borrower or any Subsidiary shall default in the performance or observance of (i) any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a8.5(e)(i) or Article IX Articles X or X, XI of this Agreement or (ii) any covenant or agreement contained in Sections 8.1 or 8.2 of this Agreement and, in the case of a default in the performance or observance of any covenant or agreement contained in Article Xthis clause (ii) only, such default shall continue for a period of ten fifteen (1015) Business Daysdays.

Appears in 2 contracts

Samples: Credit Agreement (Veridian Corp), Credit Agreement (Veridian Corp)

Default in Performance of Certain Covenants. Any Borrower or any Subsidiary shall default in the performance or observance of any covenant or agreement applicable to it contained in Section in: (i) Sections 7.1, 7.27.2 or 7.5(e) of this Agreement, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, and such default shall continue remain uncured for a period of ten five (105) Business DaysDays following the due date of each delivery thereunder, or (ii) Articles IX or X of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Access Financial Solutions Inc)

Default in Performance of Certain Covenants. Any The Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained (i) in Section 7.1, 7.2, 7.4(a) 7.1 or Article IX or X, and, in the case 7.2 of a default in the performance or observance of any covenant or agreement contained in Article X, this Agreement and such default shall continue unremedied for a period of ten three (103) Business DaysDays after written notice thereof from the Administrative Agent or any Lender or (ii) in Section 7.5(e)(i) or Articles IX or X of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Mindspring Enterprises Inc)

Default in Performance of Certain Covenants. Any The Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a) or Article IX or XIX, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, such default shall continue for a period of ten (10) Business Days.

Appears in 1 contract

Samples: Revolving Credit Agreement (BlackRock Inc.)

Default in Performance of Certain Covenants. Any The Borrower or any of its Subsidiaries shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article XSections 7.1, such default 7.2 or 7.4(b)(i) or Articles IX or X of this Agreement, and the Borrower’s failure to perform or observe any covenant or agreement in Section 7.1 or 7.2 shall continue unremedied for a period of ten (10) Business DaysDays (during which time the Applicable Margin shall be based on Pricing Level I).

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Default in Performance of Certain Covenants. Any The Borrower or any of its Subsidiaries shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article XSections 7.1, such default 7.2 or 7.4(b)(i) or Articles IX or X of this Agreement, and the Borrower's failure to perform or observe any covenant or agreement in Section 7.1 or 7.2 shall continue unremedied for a period of ten (10) Business DaysDays (during which time the Applicable Margin shall be based on Pricing Level I).

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Default in Performance of Certain Covenants. Any The Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.16.1, 7.26.2, 7.4(a6.4(a) or Article IX or XVIII, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article XIX, such default shall continue for a period of ten (10) Business Days.

Appears in 1 contract

Samples: Revolving Credit Agreement (BlackRock Inc.)

Default in Performance of Certain Covenants. Any Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section in: (i) Sections 7.1, 7.27.2 or 7.5(e) of this Agreement, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, and such default shall continue remain uncured for a period of ten five (105) Business DaysDays following the due date of each delivery thereunder, or (ii) Articles IX or X of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (JLG Industries Inc)

Default in Performance of Certain Covenants. Any The Borrower shall default in the performance or observance of any covenant or agreement applicable to it (i) contained in Section 7.1, 7.1 or 7.2, 7.4(a) or Article IX or Xin each case at such time as the Borrower is not required to file periodic reports under the Exchange Act, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, and such default shall continue unremedied for a period of ten (10) Business DaysDays or (ii) contained in (A) Section 7.1 or 7.2 (other than as described in clause (i) above) and (B) Section 7.4(d), 8.9 or Articles IX or X of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Default in Performance of Certain Covenants. Any The Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a(i) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, Sections 7.2 or 7.5(a) or Articles IX or X of this Agreement or (ii) default in the performance or observance of any of the covenants or agreements contained in Section 7.1 and such default shall continue for a period of ten fifteen (1015) Business Daysdays.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

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Default in Performance of Certain Covenants. Any Borrower The Borrowers shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Sections 7.1, 7.2 or 7.4(a) of the Revolving Credit Agreement, as incorporated by reference in Article XVII hereof, or Articles IX or X of this Agreement, and, in the case of any covenant contained in Sections 7.1, 7.2, or 7.4(a) of the Revolving Credit Agreement, such default shall continue remain uncured for a period of ten five (105) Business DaysDays after written notice thereof to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tessco Technologies Inc)

Default in Performance of Certain Covenants. Any Borrower The Borrowers shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a(i) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article XSections 5.4, 7.2 or 7.5(a) or Articles IX or X of this Agreement or (ii) default in the performance or observance of any of the covenants or agreements contained in Section 7.1 and such default shall continue for a period of ten fifteen (1015) Business Daysdays.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

Default in Performance of Certain Covenants. Any The Borrower shall default in the performance or observance of any covenant or agreement applicable to it (i) contained in Section 7.1, 7.2, 7.4(a) Sections 6.1 or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, 6.2 and such default shall continue unremedied for a period of ten (10) Business DaysDays or (ii) contained in Sections 6.3(e), 7.9, 7.10, 7.11, 7.12 or Articles VIII or IX of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Penske Motorsports Inc)

Default in Performance of Certain Covenants. Any Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1, 7.27.2 or7.2, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, such default shall continue for a period of ten (10) Business Days.

Appears in 1 contract

Samples: Five Year Revolving Credit Agreement (BlackRock Inc.)

Default in Performance of Certain Covenants. (i) Any Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1Sections 8.1, 7.2, 7.4(a8.2 or 8.5(e) or Article IX Articles X or X, and, in the case XI of a this Agreement and (ii) any Borrower shall default in the performance or observance of any covenant or agreement contained in Article X, Section 8.4(c) and such default shall continue for a period of ten not be cured within five (105) Business DaysDays after the Borrowers have received notice of such default.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Default in Performance of Certain Covenants. Any The Borrower or any Restricted Subsidiary shall default in the performance or observance of (i) any covenant or agreement applicable to it contained in Section 7.1, 7.2, 7.4(a8.5(e)(i) or Article IX Articles X or X, XI of this Agreement or (ii) any covenant or agreement contained in Sections 8.1 or 8.2 of this Agreement and, in the case of a default in the performance or observance of any covenant or agreement contained in Article Xthis clause (ii) only, such default shall continue for a period of ten fifteen (1015) Business Daysdays.

Appears in 1 contract

Samples: Credit Agreement (Veridian Corp)

Default in Performance of Certain Covenants. Any Borrower shall default in the performance or observance of any covenant or agreement applicable to it contained in Section 7.1in: (i) Sections 6.1, 7.26.2 or 6.5(e) of this Agreement, 7.4(a) or Article IX or X, and, in the case of a default in the performance or observance of any covenant or agreement contained in Article X, and such default shall continue remain uncured for a period of ten five (105) Business DaysDays following the due date of each delivery thereunder, or (ii) Articles VIII or IX of this Agreement.

Appears in 1 contract

Samples: Working Capital Credit Agreement (JLG Industries Inc)

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