Common use of Default of Covenants Clause in Contracts

Default of Covenants. The occurrence and continuance of a material default by Borrower under any material term, covenant or condition contained in this Agreement, any of the Line of Credit Documents or the Restated Operating Agreement, which default shall not be cured within thirty (30) days following notice of default.

Appears in 3 contracts

Samples: Line of Credit Agreement (Boxlight Corp), Line of Credit Agreement (Boxlight Corp), Line of Credit Agreement (Boxlight Corp)

AutoNDA by SimpleDocs

Default of Covenants. The occurrence and continuance of a material default by Borrower under any material term, covenant or condition contained in this Agreement, Agreement or any of the Line of Credit Documents or the Restated Operating AgreementDocuments, which default shall not be cured within thirty (30) days following notice of default.

Appears in 1 contract

Samples: Line of Credit Agreement (Med-X, Inc.)

AutoNDA by SimpleDocs

Default of Covenants. The occurrence and continuance of a material default by Borrower under any material term, covenant or condition contained in this Agreement, any of the Line of Credit Documents or the Restated Operating Agreement, which default shall not be cured within thirty (30) days following notice of default.

Appears in 1 contract

Samples: Line of Credit Agreement (Boxlight Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!