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)

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Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen within ten (1510) days written notice by Business Days following the Lender, to cure earlier of the Borrower’s failure to promptly, punctually and faithfully perform, discharge, or comply with knowledge of a breach of 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 hereofof its receipt of written notice from the Agent of the breach of any of such covenants or Liabilities to cure such breach.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower, upon fifteen within thirty (1530) days written notice by following the Lender, to cure earlier of the Borrower’s failure to promptly, punctually and faithfully perform, discharge, or comply with 's knowledge of a breach of any covenant hereunder or under any other Loan Document or with any Liability not described in any of Sections 1012-1, 1012-2, 10or 12-3 or 10-4 hereofof its receipt of written notice from the Lender of the breach of any of those Sections.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrys Farmers Market 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: Loan and Security Agreement (Sun Television & Appliances Inc)

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 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)

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)

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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 Thirty (1530) 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 10-1, 10-10- 2, or 10-3 or 10-4 hereof.

Appears in 1 contract

Samples: Number Nine Visual Technology Corp

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)

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