Common use of Non-Performance of Certain Covenants and Obligations Clause in Contracts

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), 7.2.2, 7.2.3, 7.2.6 or 7.2.7; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 4 contracts

Samples: Credit Agreement (Noble Energy Inc), Credit Agreement (Noble Energy Inc), Credit Agreement (Noble Energy Inc)

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Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), 7.2.2, 7.2.3, 7.2.4, 7.2.5, 7.2.6 or 7.2.7; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 3 contracts

Samples: Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co), Credit Agreement (Cimarex Energy Co)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), Section 7.2.2, 7.2.3, 7.2.6 or 7.2.7; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Noble Energy Inc), 364 Day Credit Agreement (Noble Energy Inc)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), SECTION 7.2.2, 7.2.3, 7.2.6 or 7.2.7; provided PROVIDED that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section SECTION 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 2 contracts

Samples: Credit Agreement (Noble Affiliates Inc), Credit Agreement (Noble Affiliates Inc)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), 7.2.2, 7.2.3, 7.2.6 7.2.5 or 7.2.77.2.6; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 1 contract

Samples: Credit Agreement (Noble Energy Inc)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), Section 7.2.2, 7.2.3, 7.2.6 or 7.2.77.2.8; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 1 contract

Samples: Credit Agreement (Noble Affiliates Inc)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), 7.1.6 (as to existence of the Borrower), 7.2.2, 7.2.3, 7.2.4, 7.2.5, 7.2.6 or 7.2.7; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 1 contract

Samples: Credit Agreement (Noble Energy Inc)

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Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(dSection 7.1.2(a), 7.2.27.1.5, 7.2.37.1.6 or 7.1.7 or 7.2 and, 7.2.6 or 7.2.7; provided that in the imposition case of any non-consensual Lien that is not permitted to exist pursuant to a default under Section 7.2.2 7.2 (other than under Section 7.2.4) only, such default shall not be deemed to constitute an Event continue unremedied for a period of Default hereunder until thirty (30) days after the date of such impositionthree days.

Appears in 1 contract

Samples: Credit Agreement (Kemper High Income Trust)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections Section 7.1.1(d), 7.2.2, 7.2.3, 7.2.6 ) or 7.2.7; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition7.2 which default continues unremedied for 10 days.

Appears in 1 contract

Samples: Credit Agreement (Markwest Hydrocarbon Inc)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d), 7.2.2, 7.2.3, 7.2.5, 7.2.6 or 7.2.7; provided that the imposition of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such imposition.

Appears in 1 contract

Samples: Term Loan Agreement (Noble Energy Inc)

Non-Performance of Certain Covenants and Obligations. The Borrower shall default in the due performance and observance of any of its obligations under Sections 7.1.1(d)(a) clauses (d) or (e) of Section 7.1.1, 7.2.2Section 7.1.9, 7.2.3Section 7.1.10 or Section 7.2, 7.2.6 or 7.2.7; provided that the imposition (b) Section 7.1.1 (other than clauses (d) or (e) ) and such Default shall continue unremedied for a period of any non-consensual Lien that is not permitted to exist pursuant to Section 7.2.2 shall not be deemed to constitute an Event of Default hereunder until thirty (30) days after the date of such impositionfive Business Days.

Appears in 1 contract

Samples: Credit Agreement (True Temper Sports Inc)

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