Common use of Failure to Observe Other Covenants Clause in Contracts

Failure to Observe Other Covenants. The Borrower shall (i) fail to perform or observe any agreement, covenant, condition, provision or term contained in Sections 11(b), 11(c) or 12 or (ii) fail to perform or observe any other term, covenant, warranty or agreement contained (or incorporated by reference) herein or in any other Loan Document and such failure shall continue for a period of 30 days after the earlier to occur of (i) the date upon which a Responsible Officer of the Borrower has actual knowledge of such default and (ii) the date upon which written notice thereof is given to Borrower by the Lender;

Appears in 8 contracts

Samples: Term Loan and Security Agreement (AeroGrow International, Inc.), Term Loan and Security Agreement (AeroGrow International, Inc.), Term Loan and Security Agreement (AeroGrow International, Inc.)

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Failure to Observe Other Covenants. The Borrower shall (i) fail to perform or observe any agreement, covenant, condition, provision or term contained in Sections 11(b), 11(c) or 12 or (ii) fail to perform or observe any other term, covenant, warranty or agreement contained (or incorporated by reference) herein or in any other Loan Document and such failure shall continue for a period of 30 days after the earlier to occur of (i) the date upon which a Responsible Officer of the Borrower has actual knowledge of such default and (ii) the date upon which written notice thereof is given to Borrower by the Lender;; (d)

Appears in 1 contract

Samples: Term Loan and Security Agreement

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