Financial Information Default Clause Samples

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus' other rights and remedies, in the event Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, Company shall pay Laurus a fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus' satisfaction or waived in writing by Laurus. Such fee shall be charged to Company's account upon the occurrence of each such failure.

Financial Information Default. Without affecting Lender's other rights and remedies, in the event Borrower fails to deliver the financial information required by paragraphs 9 and 11 on the date required by this Agreement, Borrower shall pay Lender a fee in the amount of $100.00 for each such failure. Such fee shall be charged to Borrower's account upon the occurrence of each such failure.

Financial Information Default. Without affecting Lender’s other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Lender an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Lender’s satisfaction or waived in writing by Lender. All amounts that are incurred pursuant to this Section 5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Sections 11(a), (b), (d) or (e) on or before the date required by such sections, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $250.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting GSSF's other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay GSSF an aggregate fee in the amount of $250.00 per week (or portion thereof) for each such failure until such failure is cured to GSSF's satisfaction or waived in writing by GSSF. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Lender’s other rights and remedies, in the event any Borrower fails to deliver the financial information required by Section 9.5(a) or (b)on or before the date required by this Agreement, the Borrowers shall jointly and severally pay Lender a fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Lender’s satisfaction or waived in writing by Lender. All amounts that are incurred pursuant to this Section 9.5(h) shall constitute Obligations hereunder and shall be due and payable by the Borrowers monthly, in arrears, on the first Business Day of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Gryphon's other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Gryphon an aggregate fee in the amount of $250.00 per week (or portion thereof) for each such failure until such failure is cured to Gryphon's satisfaction or waived in writing by Gryphon. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $250.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus' satisfaction or waived in writing by Laurus; provided, that, if the failure to deliver the requisite financial information is as a result of such Company's dispute with its certified public accountants and such Company has advised Laurus in writing in reasonable detail of the nature of such dispute, the fees otherwise payable pursuant to this Section 5(b)(iii) shall not begin to accrue until the thirtieth (30th) day following the initial date of such failure unless cured prior to such thirtieth (30th) day. All amounts that are incurred pursuant to this Section 5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.