Common use of Non-Compliance with Loan Documents Clause in Contracts

Non-Compliance with Loan Documents. (a) Failure by the Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1, 6.4, 6.5, 6.6, 6.8, 6.9 and 7; or (b) failure by any Holder, the Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (PDL Biopharma, Inc.)

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Non-Compliance with Loan Documents. (a) Failure by the Borrower either Company or any other Loan Party Guarantor to comply with or to perform (to the extent applicable to such Person) any covenant set forth in Sections 6.1Section 10.1.5, 6.410.3(b), 6.5, 6.6, 6.8, 6.9 and 710.5 or 10.9 or Section 11; or (b) failure by any Holder, the Borrower either Company or any other Loan Party Guarantor to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it other than the Kapoor Guaranty (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Akorn Inc)

Non-Compliance with Loan Documents. (a) Failure by the any Co-Borrower or any other Loan Party to comply with or to perform any term, covenant or agreement set forth in Sections 6.1any of Section 6.03, 6.46.05, 6.56.07, 6.66.08, 6.8, 6.9 and 7or Article VII; or (b) failure by any Holder, the Co-Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 8.01) and continuance of such failure described in this clause (b) for 30 days.; or

Appears in 1 contract

Samples: Credit Agreement (Ennis, Inc.)

Non-Compliance with Loan Documents. (a) Failure by the any Co-Borrower or any other Loan Party to comply with or to perform any term, covenant or agreement set forth in Sections 6.1any of Section 6.03, 6.46.05, 6.56.07, 6.66.08, 6.8, 6.9 and 7or Article VII (other than Section 7.15 or 7.16); or (b) failure by any Holder, the Co-Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 8.01) and continuance of such failure described in this clause (b) for 30 days.; or

Appears in 1 contract

Samples: Credit Agreement (Ennis, Inc.)

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Non-Compliance with Loan Documents. (a) Failure by the Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1, 6.46.1(a) (with respect to existence), 6.5, 6.66.9, 6.8, 6.9 6.11 and 7; or (b) failure by any Holder, the either Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 8), and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Durata Therapeutics, Inc.)

Non-Compliance with Loan Documents. (a) Failure by the Borrower or any other Loan Party Borrowers to comply with or to perform any covenant set forth in Sections 6.18.1, 6.48.5, 6.58.6, 6.68.9, 6.88.12, 6.9 and 79.4, 9.8, 9.9, 11.1, 11.2, or 11.3; or or (b) failure Failure by any Holder, the Borrower or any other Loan Party Borrowers to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 12) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Loan and Security Agreement (Westell Technologies Inc)

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