Non-Compliance with this Agreement. Default in the performance of any of Borrower's agreements set forth in Section 2, 3.2, 3.3 or 3.4 hereof or Section 5.3, 5.5, 5.6 or 5.12 through 5.30 of the Parent Loan Agreement (and not, in each case, constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default after written notice thereof to Borrower from Lender; or default in the performance of any of Borrower's agreements set forth in Section 6 of Supplement A or Section 5.2 of the Parent Loan Agreement (and not, in each case, constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default for three (3) Banking Days after notice thereof to Borrower from Lender; or default in the performance of any of Borrower's other agreements herein set forth (and not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default for thirty (30) days after written notice thereof to Borrower from Lender.
Appears in 3 contracts
Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)
Non-Compliance with this Agreement. Default in the performance of any of Borrower's agreements set forth in Section SECTION 2, 3.2, 3.3 or 3.4 hereof or Section 3.3, 3.4, 5.3, 5.5, 5.6 or 5.6, 5.9, 5.12 through 5.30 of the Parent Loan Agreement 5.26 or SUPPLEMENT A (and not, in each case, not constituting an Event of Default under any of the other subsections of this Section SECTION 6.1), and continuance of such default after written notice thereof to Borrower from Lender; or default in the performance of any of Borrower's agreements set forth in Section 6 of Supplement A SECTION 5.1.1, 5.1.2, 5.1.3, 5.1.4, 5.1.5 or Section 5.2 of the Parent Loan Agreement (and not, in each case, not constituting an Event of Default under any of the other subsections of this Section SECTION 6.1), and continuance of such default for three (3) Banking Days days after notice thereof to Borrower from Lender; or default in the performance of any of Borrower's other agreements herein set forth (and not constituting an Event of Default under any of the other subsections of this Section SECTION 6.1), and continuance of such default for thirty (30) days after written notice thereof to Borrower from Lender.
Appears in 1 contract
Non-Compliance with this Agreement. Default in the performance of any of Borrower's agreements set forth in Section Sections 2, 3.2, 3.3 or 3.4 hereof or Section 5.33.3, 3.4, 5.5, 5.6 or 5.12 through 5.30 of the Parent Loan Agreement 5.26 or 5.29 (and not, in each case, not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default after written notice thereof to Borrower Holdings from Lender; or default in the performance of any of Borrowerany Loan Party's agreements set forth in Section 6 of Supplement A Sections 5.1.2, 5.1.3, 5.2, 5.27 or Section 5.2 of the Parent Loan Agreement 5.28 (and not, in each case, not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default for three ten (310) Banking Days days after notice thereof to Borrower Holdings from Lender; or default in the performance of any of Borrowerany Loan Party's other agreements herein set forth (and not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default for thirty (30) days after written notice thereof to Borrower Holdings from Lender.
Appears in 1 contract
Non-Compliance with this Agreement. Default in the performance of any of Borrower's agreements set forth in Section 2, 3.2, 3.3 or 3.4 hereof or Section 3.3, 3.4, 5.3, 5.5, 5.6 or 5.12 through 5.30 of the Parent Loan Agreement (and not, in each case, not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default after written notice thereof to Borrower from Lender; or default in the performance of any of Borrower's agreements set forth in Section 6 of Supplement A or Section 5.2 of the Parent Loan Agreement (and not, in each case, not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default for three (3) Banking Days after notice thereof to Borrower from Lender; or default in the performance of any of Borrower's other agreements herein set forth (and not constituting an Event of Default under any of the other subsections of this Section 6.1), and continuance of such default for thirty (30) days after written notice thereof to Borrower from Lender.
Appears in 1 contract