Common use of Failure to Perform Covenant or Liability (No Grace Period Clause in Contracts

Failure to Perform Covenant or Liability (No Grace Period. The failure by the Borrower to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability included in any of the following provisions hereof: Section Relates to: 4-7 Indebtedness 71 Section Relates to: 4-14 Pay taxes 4-19 Dividends, Investments, Other Corporate Actions 4-23 Affiliate Transactions 5-11 Financial Performance Covenant Article 7 Cash Management

Failure to Perform Covenant or Liability (No Grace Period. The failure by the Borrower to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability included in any of the following provisions hereof: Section Relates to: 4-7 Indebtedness 71 Section Relates to: 4-14 Pay taxes 4-19 Dividends, Investments, Other Corporate Actions 4-23 Affiliate Transactions 5-11 Financial Performance Covenant Article 7 Cash Management

Failure to Perform Covenant or Liability (No Grace Period. The failure by the any Borrower to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability included in any of the following provisions hereof: Section Relates to: 4-7 to 4.7 Indebtedness 71 Section Relates to: 4-14 4.14 Pay taxes 4-19 4.19 Dividends, . Investments, . Other Corporate Actions 4-23 Affiliate Transactions 5-11 Financial Performance Covenant Article 7 Cash ManagementActions

Failure to Perform Covenant or Liability (No Grace Period. The failure by the Borrower to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability not otherwise described in Section 9-1 or Section 9-2 hereof, and included in any of the following provisions hereof: Section Relates toto : ---------------------------------------------- 4-5 Location of Collateral 4-6 Title to Assets 4-7 Indebtedness 71 Section Relates to: 4-14 8 Insurance Policies 4-13 Pay taxes 4-19 Dividends, Investments, Other Corporate Actions 22 Affiliate Transactions 4-23 Affiliate Transactions 5Additional Assurances 6-11 1 Use of Collateral Article 5 Reporting Requirements and Financial Performance Covenant Article 7 Cash ManagementCovenants

Failure to Perform Covenant or Liability (No Grace Period. The failure by the any Borrower to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability included in any of the following provisions hereof: Section Relates toto : 4---------------------------------- 4:4-7 4 Indebtedness 71 Section Relates to: 44:4-14 Pay taxes 416-19 4:4-18 Dividends, . Investments, . Other Corporate Actions 44:4-23 20 Affiliate Transactions Article 5-11 : Reporting Requirements and Financial Performance Covenant Article 7 Cash ManagementCovenants

Failure to Perform Covenant or Liability (No Grace Period. The failure by the Borrower to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability included in any of the following provisions hereof: Section Relates to: 4-7 to 4.7 Indebtedness 71 Section Relates to: 4-14 4.14 Pay taxes 4-19 4.19 Dividends, . Investments, . Other Corporate Actions 4-23 4.23 Affiliate Transactions 5-11 Article 5 Reporting Requirements and Financial Performance Covenant Covenants Article 7 Cash Management