Letter of Credit Default. The Letter of Credit Issuer shall fail to honor a conforming draw under the Letter of Credit or Gabelli shall breach its obligations with respect to the Letter of Credit contained in Section 4.3 of the Purchase Agreement, and such failure continues for 5 days and time for payment has not been extended or deferred by the Holder; or
Appears in 5 contracts
Samples: Convertible Promissory Note (Cascade Investment LLC), Convertible Note (Gabelli Asset Management Inc), Convertible Promissory Note (Gabelli Asset Management Inc)
Letter of Credit Default. The Letter of Credit Issuer shall fail to honor a conforming draw under the Letter of Credit or Gabelli GAMCO shall breach its obligations with respect to the Letter of Credit contained in Section 4.3 of the Purchase Agreement, and such failure continues for 5 days and time for payment has not been extended or deferred by the Holder; or
Appears in 3 contracts
Samples: Note Purchase Agreement (Gamco Investors, Inc. Et Al), Convertible Promissory Note (Gamco Investors, Inc. Et Al), Convertible Promissory Note (Gamco Investors, Inc. Et Al)
