LIMITED CROSS DEFAULT TO BANK LOAN AGREEMENT Sample Clauses

LIMITED CROSS DEFAULT TO BANK LOAN AGREEMENT. Notwithstanding anything in the Existing Note Agreement to the contrary, a failure to comply with any covenant contained in Section 5 or Section 6 of the Bank Loan Agreement during the period from the Effective date through October 31, 1998 shall not constitute an Event of Default under the Note Agreement so long as the Banks have not (i) accelerated the maturity of their indebtedness, or (ii) taken any enforcement action against the Company, (iii) terminated or reduced any of the Commitments (as defined in the Bank Loan Agreement), it being agreed that reductions contemplated by Sections 6.18, 6.19 and 6.20 of the Bank Loan Agreement shall not be deemed to constitute reductions of the Tranche A Commitment, or (iv) failed to make a requested advance under the Bank Loan Agreement.
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