Common use of Failure to Comply with Specific Covenants Clause in Contracts

Failure to Comply with Specific Covenants. The failure of Borrowers to perform, observe or comply with any covenant, condition or agreement contained in Section 6.1.4 (Existence) or Section 6.1.8 (Insurance), which failure continues uncured for a period of thirty (30) days after Notice from Lender to Borrowers.

Appears in 2 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

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Failure to Comply with Specific Covenants. The failure of Borrowers to perform, observe or comply with any covenant, condition or agreement contained in Section 6.1.4 6.1.3 (Existence) or Section 6.1.8 6.1.7 (Insurance), which failure continues uncured for a period of thirty (30) days after Notice from Lender to Borrowers.

Appears in 2 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

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Failure to Comply with Specific Covenants. The failure of the Borrowers to perform, observe or comply with any covenant, condition or agreement contained in Section 6.1.4 (Existence) or Section 6.1.8 (Insurance), which failure continues uncured for a period of thirty (30) days after Notice from the Lender to the Borrowers.

Appears in 1 contract

Samples: Financing and Security Agreement (Gp Strategies Corp)

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