Common use of Failure to Perform Covenant or Liability (Grace Period Clause in Contracts

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen (15) days written notice by the Lender, to cure the Borrower’s failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-1, 10-2, 10-3 or 10-4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)

AutoNDA by SimpleDocs

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen (15) days written notice by the LenderAgent, to cure the Borrower’s 's failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-1, 10-2, 10-3 or 10-4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Failure to Perform Covenant or Liability (Grace Period. The failure by the BorrowerBorrowers, upon fifteen ten (1510) days written notice by the LenderAgent to the Lead Borrower, to cure the Borrower’s Borrowers' failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-110.1, 10-210.2, 10-3 or 10-4 10.3 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Failure to Perform Covenant or Liability (Grace Period. The ------------------------------------------------------- failure by the BorrowerBorrowers, upon fifteen Ten (1510) days written notice by the Lender, to cure the Borrower’s Borrowers' failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-1, 10-2, or 10-3 or 10-4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Video City Inc)

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen Ten (1510) days written notice by the Lender, to cure the Borrower’s 's failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 109-1, 109-2, 10or 9-3 or 10-4 hereof.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Sun Television & Appliances Inc)

AutoNDA by SimpleDocs

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen Thirty (1530) days written notice by the LenderAgent, to cure the /October 28, 1997/ 51 Borrower’s 's failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-1, 10-2, 10-3 or 10-4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (CSS Trade Names Inc)

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen Ten (1510) days written notice by the LenderAgent, to cure the Borrower’s 's failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-1, 10-2, or 10-3 or 10-4 hereof.. 84

Appears in 1 contract

Samples: Revolving Credit Facility (Sun Television & Appliances Inc)

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen Ten (1510) days written notice by the LenderLender , to cure the Borrower’s 's failure to promptly, punctually and faithfully perform, discharge, or comply with any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 10-1, 10-2, or 10-3 or 10-4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Garden Botanika Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!