Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law); 12(f) (True and Correct Information); 12
Immediate Covenant Default. The failure of a Seller Party to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 11(a) (Preservation of Existence; Compliance with Law); (f) (True and Correct Information); (g) (ERISA Events); (h) (Financial Condition Covenants); (k) (Insurance); (m) (Illegal Activities.); (n) (Material Change in Business); (o) (Limitation on Dividends and Distributions); (q) (Disposition of Assets; Liens); (r) (Transactions with Affiliates); (s) (Organization); (v) (Approved Underwriting Guidelines);(w) (Agency Approvals; Servicing); (z) (Takeout Payments) or (cc) (Trade Assignment); or
Immediate Covenant Default. The failure of Seller or Guarantor, as applicable, to perform, comply with or observe any term, covenant or agreement applicable to:
(i) Seller contained in any of Sections 14(a)(i) and (ii) (Preservation of Existence; Compliance with Law); (i) (True and Correct Information); (k) (Financial Covenants); (p) (Limitation on Dividends and Distributions); (q) (Disposition of Assets; Liens); (s) (ERISA Matters); (t) (Consolidations, Mergers and Sales of Assets); (v) (Illegal Activities); (w) (Transactions with Affiliates); or (x) (Division of Limited Liability Company), in each case, of this Agreement; or
(ii) Guarantor contained in any of Sections 9(a)(i) and (ii) (Preservation of Existence; Compliance with Law); (c) (True and Correct Information); (e) (Financial Covenants); (h) (Limitation on Dividends and Distributions); (i) (ERISA Matters); or (j) (Transactions with Affiliates); in each case, of the Guaranty.
Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 14(a)(i) and (ii) (Preservation of Existence; Compliance with Law); (i) (True and Correct Information); (k) (Financial Covenants); (o) (Material Change in Business); (p) (Limitation on Dividends and Distributions); (s)(ii) (ERISA Matters); (v) (Illegal Activities); (w) (Transactions with Affiliates); or (dd) (Agency Approvals; Servicing); in each case, of this Agreement; or
Immediate Covenant Default. The failure of a Seller Party or Pledgor to perform, comply with or observe any representation, warranty, term, covenant or agreement applicable to a Seller Party or Pledgor contained in:
(i) any of Sections 12(a) (Organization, Etc.) (solely as to maintaining existence); (h) (Solvency); 13(a)(i) (Preservation of Existence; Compliance with Law) (solely as to existence); (b) (Organization); (e) (True and Correct Information); (f) (ERISA Events); (j) (Illegal Activities.); (k) (Material Change in Business); (l) (Limitation on Dividends and Distributions); (n) (Disposition of Assets; Liens); (o) (Transactions with Affiliates); (q) (No Pledge); (t) (Seller Separateness); or (v) (Amendments);
(ii) any of Sections 7(a) (Organization, Etc.) (solely as to existence); (k) (Solvency); 8
(a) (Preservation of Existence; Compliance with Law) (solely as to existence); (b) (Organization); (c) (True and Correct Information); (d) (ERISA Events); (f) (Illegal Activities.); (g) (Limitation on Dividends and Distributions); (i) (Financial Condition Covenants) of the Guaranty; or
(iii) any of Sections 6(a) (Organization, Etc.), (j) (Solvency), (r) (Uncertificated Interests), 7(a) (Preservation of Existence; Compliance with Law), (b) (Organization), (e) (True and Correct Information), (f) (ERISA Events), (h) (Illegal Activities), (i) (Limitation on Dividends and Distributions); and (j) (Disposition of Assets; Liens) of the Pledge Agreement.
Immediate Covenant Default. The failure of any Seller to perform, comply with or observe any term, covenant or agreement applicable to Sellers contained in any of Sections 12(a), (j), (l), (p) (q) or (r); or
Immediate Covenant Default. Default shall be made in the due observance or performance by any applicable Obligor Party of any covenant, condition or agreement contained in Section 5.05(a) or Article VI (other than Sections 6.03, 6.10 and 6.14).
Immediate Covenant Default. The failure of a Seller Party to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law); (f) (True and Correct Information.); (h) (
Immediate Covenant Default. The failure of any Seller Party or Guarantor to perform, comply with or observe any term, covenant or agreement applicable to such Seller Party or Guarantor contained in any of Sections 13(a) (Preservation of Existence; Compliance with Law), (o) (Illegal Activities), (q) (Limitations on Dividends and Distributions), (r) (Disposition of Assets), (u) (Consolidations, Mergers and Sales of Assets), (z) (No Amendments/Waivers of Underlying Repurchase Documents) or (aa) (Special Purpose Entity); or
Immediate Covenant Default. Default shall be made in the due observance or performance by the Parent or the Borrower of any covenant, condition or agreement contained in Section 5.03(a) (Notices), 5.05(a) (Maintenance of Existence) (with respect to the Borrower), or in Article VI; provided that a breach of Section 6.12 (Financial Covenants) is subject to the Cure Rights set forth in Section 7.04 (Specified Equity Contributions).
