Common use of Failure to Provide Reports Clause in Contracts

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrower, that the Borrower redeem 2.5% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 7 contracts

Samples: Consent and Agreement (Sack Lunch Productions Inc.), Consent and Agreement (Sack Lunch Productions Inc.), Senior Secured Revolving Credit Facility Agreement (Staffing Group, Ltd.)

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Failure to Provide Reports. If at any time during the term of this Agreement, Borrower Borrowers shall fail to timely provide any reports required to be provided by any Credit Party Borrowers to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to BorrowerBorrowers, that the Borrower Borrowers redeem 2.5Advisory Fee Shares, for Dollars, in an amount equal to 8.33% of the aggregate amount of the Advisory Fee then outstandingFee, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the BorrowerBorrowers.

Appears in 4 contracts

Samples: Credit Agreement (Dr. Tattoff, Inc.), Credit Agreement (Wild Craze, Inc.), Credit Agreement (Petron Energy II, Inc.)

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrower, that the Borrower redeem 2.58.33% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 2 contracts

Samples: Secured Revolving Credit Facility Agreement (Pulse Beverage Corp), Senior Secured Revolving Credit Facility Agreement (Gei Global Energy Corp.)

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrower, that the Borrower redeem 2.55.0% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Artec Global Media, Inc.)

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrower, that the Borrower redeem 2.5% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by ACH transfer from the Payment Account or by wire transfer of Dollars to an account designated by Lender Lender, at Lender’s sole discretion within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 1 contract

Samples: Security Agreement (Drone USA Inc.)

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower the Borrowers shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrowerthe Borrowers, that the Borrower Borrowers redeem 2.58.33% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Intelligent Highway Solutions, Inc.)

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Failure to Provide Reports. If at any time during the term of this Agreement, Borrower Borrowers shall fail to timely provide any reports required to be provided by any Credit Party Borrowers to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to BorrowerBorrowers, that the Borrower Borrowers redeem 2.5Facility Fee Shares, for cash, in an amount equal to 8.33% of the aggregate amount of the Advisory Fee then outstandingShare Value, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Hangover Joe's Holding Corp)

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan Document, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrower, that the Borrower redeem 2.52.00% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Hispanica International Delights of America, Inc.)

Failure to Provide Reports. If at any time during the term of this Agreement, Borrower shall fail to timely provide any reports required to be provided by any Credit Party to Lender under this Agreement or any other Loan DocumentDocuments, in addition to all other rights and remedies that Lender may have under this Agreement and the other Loan Documents, Lender shall have the right to require, at each instance of any such failure, upon written notice to Borrower, that the Borrower ML - Nevada redeem 2.5% of the aggregate amount of the Advisory Fee then outstanding, which cash redemption payment shall be due and payable by wire transfer of Dollars to an account designated by Lender within five (5) Business Days from the date the Lender delivers such redemption notice to the Borrower.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Mint Leasing Inc)

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