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 Credit Parties to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenants under any Loan Document or any other Liabilities in each case not described in Sections 10.1, 10.2 or 10.3, which failure continues for thirty (30) days after (i) the Lead Borrower's receipt of written notice from the Administrative Agent or (ii) the breach of any such covenant or Liabilities.

Failure to Perform Covenant or Liability (Grace Period. The failure by the Credit Parties to promptlyBorrower, punctually, faithfully and timely perform, discharge, within ten (10) Business Days following the earlier of the Borrower’s knowledge of a breach of any covenant or comply with any covenants under any Loan Document or any other Liabilities in each case Liability not described in any of Sections 10.110-1, 10.2 10-2, or 10.3, which failure continues for thirty (30) days after (i) the Lead Borrower's 10-3 or of its receipt of written notice from the Administrative Agent or (ii) of the breach of any of such covenant covenants or LiabilitiesLiabilities to cure such breach.