Common use of Failure to Comply with Covenants Clause in Contracts

Failure to Comply with Covenants. The failure of the Borrowers to perform, observe or comply with any covenant, condition or agreement contained in this Agreement. and, (i) only with respect to a failure under Section 6.1.1 (Financial Statement), such failure continues uncured for a period of five (5) days, or (ii) only with respect to a failure under Sections 6.1.3(b) (Bookkeeping), 6.

Appears in 2 contracts

Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

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Failure to Comply with Covenants. The failure of the Borrowers Borrower to perform, observe or comply with any covenant, condition or agreement contained in this Agreement. Agreement and, (i) only with respect to a failure under Section 6.1.1 (Financial Statementa) through (e), such failure continues uncured for a period of five (5) daysdays after notice thereof from the Lender to the Borrower, or (ii) only with respect to a failure under Sections 6.1.3(b6.1.2(a) (BookkeepingRecordkeeping), 6.

Appears in 1 contract

Samples: Financing and Security Agreement (Glasstech Inc)

Failure to Comply with Covenants. The failure of the Borrowers Borrower to perform, observe or comply with any covenant, condition or agreement contained in this Agreement. Agreement and, (i) only with respect to a failure under Section 6.1.1 6.1.1(a) through (Financial Statementf), such failure continues uncured for a period of five (5) daysdays after notice thereof from the Lender, or (ii) only with respect to a failure under Sections 6.1.3(b6.1.3(a) (BookkeepingRecordkeeping), 6.

Appears in 1 contract

Samples: Financing and Security Agreement (Paradise Color Inc)

Failure to Comply with Covenants. The failure of the Borrowers Borrower to perform, observe or comply with any covenant, condition or agreement contained in this Agreement. and, Agreement (iother than those specified in Sections 6.1.1 and 6.1.3 above) only with respect to a failure under Section 6.1.1 (Financial Statement), or any other Financing Document and such failure continues uncured shall remain unremedied for a period of five thirty (530) days, or (ii) only with respect to a failure under Sections 6.1.3(b) (Bookkeeping), 6.

Appears in 1 contract

Samples: Financing Agreement (MCG Capital Corp)

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Failure to Comply with Covenants. The failure of the Borrowers Borrower to perform, observe or comply with any covenant, condition or agreement contained in this Agreement. , and, (i) only with respect to a failure under Section 6.1.1 (Financial Statement)in case of the covenants contained in Sections 6.1.1, 6.1.8, 6.1.9 and 6.1.18, the continuation of such failure continues uncured for a period fifteen (15) days after Borrower acquires actual knowledge of five (5) daysthe failure, or (ii) and only with respect to a failure under in the case of the covenants contained in Sections 6.1.3(b) (Bookkeeping), 6.

Appears in 1 contract

Samples: Financing and Security Agreement (Weston Roy F Inc)

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