Non-Performance of Covenants and Obligations Sample Clauses

Non-Performance of Covenants and Obligations. Borrower shall default in the due performance and observance of any of its obligations under Section 7.2 or under Article VI.
AutoNDA by SimpleDocs
Non-Performance of Covenants and Obligations. Any Loan Party shall default in the due performance and observance of any of its obligations under Sections 5.2, 5.7, 5.11, 5.15, or 5.16 or under Article IV or VII.
Non-Performance of Covenants and Obligations. Borrower or Parent shall default in the due performance and observance of any of its obligations under Section 5.6, Section 7.2 or under Article VI.
Non-Performance of Covenants and Obligations. Any Group IV Lessee, the Servicer or the Guarantor fails to comply with or perform any covenant, condition, agreement or provision of this Lease (which failure does not constitute a Lease Event of Default under any of the other provisions of this SECTION 17) and the continuance of such failure (other than any such failure to comply with the provisions of SECTION 25.1 or 25.2 hereof, as to which there shall be no cure period) for thirty (30) days after the earlier of (x) the date the Group IV Lessor, the Master Collateral Agent, the Trustee or any Group IV Noteholder delivers written notice thereof to such Group IV Lessee, the Servicer or the Guarantor and (y) the date such Group IV Lessee, the Servicer or the Guarantor obtains actual knowledge thereof;
Non-Performance of Covenants and Obligations. (a) The Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations under any of Section 6.3(a)(i) or (b) (Maintenance of Existence, Etc.), Section 6.5(b) or (e) (Compliance with Government Rules, Etc.) (except to the extent that any Default is caused by administrative or technical error), Section 6.9(a) or (c) (Maintenance of Liens), Section 6.10 (Use of Proceeds), Section 6.15 (Debt Service Coverage Ratio), Section 7.2(a) (Prohibition of Fundamental Changes), Section 7.3(a) or (c) (Nature of Business), Section 7.5 (Restrictions on Indebtedness), Section 7.7 (Restricted Payments), Section 7.8 (Limitation on Liens), Section 7.15 (Use of Proceeds; Margin Regulations), Section 7.17 (Hedging Arrangements), Section
Non-Performance of Covenants and Obligations. Any Lessee, the Servicer or the Guarantor fails to comply with or perform any covenant, condition, agreement or provision of this Lease (which failure does not constitute a Lease Event of Default under any of the other provisions of this Section 17) and the continuance of such failure (other than any such failure to comply with the provisions of Section 25.1, as to which there shall be no cure period) for thirty (30) days after the earlier of (x) the date the Lessor, the Master Collateral Agent, the Trustee or any Group I Noteholder delivers written notice thereof to such Lessee, the Servicer or the Guarantor and (y) the date such Lessee, the Servicer or the Guarantor obtains actual knowledge thereof;
Non-Performance of Covenants and Obligations. (a) The Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations under any of Section 6.3(a)(i) or (b) (Maintenance of Existence, Etc.), Section 6.5(b) or (e) (Compliance with Government Rules, Etc.) (except to the extent that any Default is caused by administrative or technical error), Section 6.9(a) or (c) (Maintenance of Liens), Section 6.10 (Use of Proceeds), Section 6.15 (Debt Service Coverage Ratio), Section 7.2(a) (Prohibition of Fundamental Changes), Section 7.3(a) or (c) (Nature of Business), Section 7.5 (Restrictions on Indebtedness), Section 7.7 (Restricted Payments), Section 7.8 (Limitation on Liens), Section 7.15 (Use of Proceeds; Margin Regulations), Section 7.17 (Hedging Arrangements), Section 7.19 (Guarantees), Section 7.21 (Sale of Natural Gas in Interstate Commerce), or Section 8.2(a) or (c) (with respect to Environmental Claims) (Notice of Default, Event of Default and Other Events). (b) The Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations under any of Section 6.5(a) (Compliance with Government Rules, Etc.) (with respect to any Environmental Laws), Section 6.5 (b) or (e) (Compliance with Government Rules, Etc.) (to the extent that any Default is caused by administrative or technical error), Section 6.8 (Taxes), Section 6.9(b) (Maintenance of Liens), Section 7.2(b) (Prohibition of Fundamental Changes), Section 7.3(b) (Nature of Business), Section 7.9(b) or (d) (Project Documents, Etc.), Section 7.11 (Transactions with Affiliates), Section 7.12 (Accounts), Section 7.13(a) (EPC and Construction Contracts), Section 7.14 (GAAP), Section 7.16 (Permitted Investments), Section 8.2 (h) (Notice of Default,
AutoNDA by SimpleDocs
Non-Performance of Covenants and Obligations. Any Loan Party shall default in the due performance and observance of any of its obligations under SECTIONS 5.2, 5.11, or 5.15, or under ARTICLE VI or VII.
Non-Performance of Covenants and Obligations. (a) The Borrower shall fail to perform or observe any of the covenants set forth in Sections 5.03(a)(i) or (b), 5.05(a) or (d) (except to the extent that any Default is caused by an administrative or technical error), 5.09(a) or (c), 5.10, 5.17(a), 6.02(a), 6.03(a) or (c), 6.04, 6.06, 6.07, 6.12 or 6.14. (b) The Borrower defaults in the due performance and observance of any of its obligations under any of Sections 5.05(a) (with respect to any Environmental Laws), 5.05(b) or (d) (to the extent that any Default is cause by administrative or technical error), 5.08, 5.09(b), 5.17(c) (with respect to Environmental Claims), 5.17(h), 5.18(a)(ii), 6.02(b), 6.03(b), 6.08(b) or (d), 6.09, 6.10, 6.11 or 6.13 and such Default continues unremedied for a period of fifteen (15) days after the Borrower receives written notice of such Default from the Administrative Agent or fifteen (15) days after the Borrower obtains Knowledge of such Default, whichever is earlier. (c) Except as otherwise addressed in this Article VII, the Borrower or any other Loan Party, as applicable, defaults in the due performance and observance of any of its obligations contained in any covenant or agreement to be performed or observed by it under the Financing Documents to which it is a party; provided, that if such Default is capable of remedy, no Event of Default shall have occurred pursuant to this Section 7.03(c) if such Default has been remedied within thirty (30) days after the earlier of (i) written notice of such Default from the Administrative Agent or (ii) the Borrower’s Knowledge of such Default; provided, further, that if such failure is not capable of remedy within such 30-day period, such 30-day period shall be extended to a total period of ninety (90) days so long as (A) such Default is subject to cure, (B) the Borrower or such Loan Party, as applicable, is diligently pursuing a cure and (C) such additional cure period could not reasonably be expected to result in a Material Adverse Effect. (d) The Sponsor defaults in the due performance and observance of any of its obligations contained in any covenant or agreement to be performed or observed by it under the Sponsor Guaranty, or Cheniere Investments defaults in the due performance and observance of any of its obligations contained in any covenant or agreement to be performed or observed by it under the Equity Contribution Agreement; provided, that (A) in respect of any such Default by the Sponsor that is a payment Default under the...
Non-Performance of Covenants and Obligations. The Lessee fails to comply with or perform (i) its obligations under Section 25.5 or 25.6 within the time period specified in Section 17.3(vii)(y) hereof, or (ii) any other covenant, condition, agreement or provision of this Agreement (which failure does not constitute a Lease Event of Default under any of the other provisions of this Section 17) and the continuance of such failure under this clause (ii) (other than any such failure to comply with the provisions of Section 25.1, 25.2, 25.7, 25.8, or 25.9 hereof) for 30 days after the earlier of (x) the date the Lessor, the Master Collateral Agent, the Trustee, the Liquidity Agent or the NFC Collateral Agent delivers written notice thereof to the Lessee and (y) the date the Lessee obtains actual knowledge thereof;
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!