Common use of Failure to Perform Certain Covenants Clause in Contracts

Failure to Perform Certain Covenants. Failure by the ------------------------------------ Borrowers to observe or perform any other covenants, conditions or provisions contained in this Agreement or in any other Loan Document, provided that, except with respect to a violation of the covenants contained in Subsections 5.10 through 5.12, 6.4, and 6.5, such failure shall continue for a period of thirty (30) days.

Appears in 2 contracts

Samples: Loan Agreement (Physician Support Systems Inc), Loan Agreement (Physician Support Systems Inc)

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Failure to Perform Certain Covenants. Failure by the ------------------------------------ Borrowers Borrower to observe or perform any other covenants, conditions or provisions contained in this Agreement or in any other Loan Document, provided that, except with respect to a violation of the covenants contained in Subsections Sections 5.10 through 5.12and 5.11, 6.4, and 6.5or Section 6, such failure shall continue for a period of thirty fifteen (3015) daysdays after the earlier of (i) written notice thereof from Lender to the Borrower, or (ii) the date on which an officer of the Borrower knew, or should have known, of such failure.

Appears in 1 contract

Samples: Loan Agreement (Penn Engineering & Manufacturing Corp)

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Failure to Perform Certain Covenants. Failure by the ------------------------------------ Borrowers Borrower to observe or perform any other covenants, conditions or provisions contained in this Agreement or in any other Loan Document, provided that, except with respect to a violation of the covenants contained in Subsections 5.10 through 5.12, 6.4, and 6.5Subsection 6.1 which shall be an immediate Event of Default, such failure shall continue for a period of thirty (30) daysdays after written notice thereof from Lender to Borrower.

Appears in 1 contract

Samples: Loan Agreement (Unilife Corp)

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