Effect of Non-Compliance. (1) Bank shall have the right to terminate the Agreement if the financial covenants set forth in paragraph A above (the “Financial Covenants”) are not met as of the end of any fiscal quarter pursuant to Section 10.2(p) which failure is not cured by posting the applicable Reserve Amount as provided in (2) below.
Appears in 5 contracts
Samples: Program Agreement, Program Agreement (Stein Mart Inc), Program Agreement (Stein Mart Inc)
