Common use of Non-Performance of Covenants Clause in Contracts

Non-Performance of Covenants. The failure of Debtor or any Obligated Party to timely and properly observe, keep or perform any covenant, agreement, warranty or condition required herein or in any of the other Loan Documents and such failure shall not be cured within ten (10) days after Debtor shall have received written notice of such failure from Second Party; or

Appears in 2 contracts

Samples: Security Agreement (Temtex Industries Inc), Security Agreement (Temtex Industries Inc)

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Non-Performance of Covenants. The failure of Debtor either Pledgor or any Obligated Party to timely and properly observe, keep or perform any covenant, agreement, warranty or condition required herein or in any of the other Loan Documents and such failure shall is not be cured within ten (10) days after Debtor shall have received written notice of such failure from Second Partyby Secured Party to the Pledgors thereof; or

Appears in 1 contract

Samples: Security Agreement (Origen Financial Inc)

Non-Performance of Covenants. The failure of Debtor Obligor or any Obligated Party to timely and properly observe, keep or perform any covenant, agreement, warranty or condition required herein or in any of the other Loan Documents and such failure shall is not be cured within ten fifteen (1015) business days after Debtor shall have received written notice of such failure from Second Secured Party; or

Appears in 1 contract

Samples: Pledge and Security Agreement (Palm Harbor Homes Inc /Fl/)

Non-Performance of Covenants. The failure (other than as referred to in Subsection (a) above) of Debtor or any Obligated Party to timely and properly observe, keep or perform any covenant, agreement, warranty or condition required herein or in any of the other Loan Documents and such failure shall not be cured within ten remains unremedied for a period of thirty (1030) days after Debtor shall have received written notice of such failure from Second Partyis given by Secured Party to Debtor; or

Appears in 1 contract

Samples: Security Agreement (Migratec Inc)

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Non-Performance of Covenants. The failure (other than as referred to in subsection (a) above) of Debtor or any Obligated Party to timely and properly observe, keep or perform any covenant, agreement, warranty or condition required herein or in any of the other Loan Documents and such failure shall not be cured within ten remains unremedied for a period of thirty (1030) days after Debtor shall have received written notice of such failure from Second Partyis given by Secured Party to Debtor; or

Appears in 1 contract

Samples: Security Agreement (Migratec Inc)

Non-Performance of Covenants. The failure of Debtor Obligor or any Obligated Party to timely and properly observe, keep or perform any covenant, agreement, warranty or condition required herein or in any of the other Loan Documents and such failure shall not be cured within continue for ten (10) days after Debtor shall have received written notice of thereof has been given to Obligor or such failure from Second Obligated Party; or

Appears in 1 contract

Samples: Unit Pledge Agreement (Desert Capital Reit Inc)

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