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 not otherwise described in Section 10-1 or Section 10-2 hereof, and included in any of the following provisions hereof: Section Relates to: ------- ----------- 4-5 Location of Collateral 4-6 Title to Assets 4-7 Indebtedness 4-8(b) Insurance Policies 6-1 Use of Collateral 5-12 Financial Covenants 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 not otherwise described in Section 10-1 or Section 10-2 hereof, and included in any of the following provisions hereof: Section Relates toto : ------- ----------- ------------------------------------------ 4-5 6 Location of Collateral 4-6 7 Title to Assets 4-7 8 Indebtedness 4-8(b) 9 Insurance Policies 4-14 Pay taxes 4-23 Affiliate Transactions 4-24 Additional Assurances 6-1 Use of Collateral 5-12 Article 5 Reporting Requirements and Financial Covenants 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 not otherwise described in Section 10-1 or Section 10-2 hereof, and included in any of the following provisions hereof: Section Relates to: ------- ----------- ___________________________________________ 4-5 Location of Collateral 4-6 Title to Assets 4-7 Indebtedness 4-8(b) Insurance Policies 4-13 Pay taxes 4-25 Affiliate Transactions 4-26 Additional Assurances 5-13 Financial Covenants 6-1 Use of Collateral 5-12 Financial Covenants 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 not otherwise described in Section 10-1 or Section 10-2 hereof, and included in any of the following provisions hereof: Section Relates to: ------- ----------- 4-5 Location of Collateral 4-6 Title to Assets 4-7 Indebtedness 4-8(b) 8 Insurance Policies 4-13 Pay taxes 4-22 Affiliate Transactions 4-23 Additional Assurances 6-1 Use of Collateral 5-12 Article 5 Reporting Requirements and Financial Covenants 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 not otherwise described in Section 10-1 or Section 10-2 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 4-8(b) Insurance Policies 6-1 Use of Collateral 5-12 Financial Covenants Article 7 Cash Management