Common use of NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS Clause in Contracts

NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers shall fail to perform any of its obligations and covenants under Section 9 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 hereof, or the Line of Credit Note, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

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NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers Borrower shall fail to perform any of its obligations and covenants under Section 9 3 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 4 hereof, or the Line of Credit Note, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers Borrower shall fail to perform any of its obligations and covenants under Section 9 3 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 4 hereof, or the Line of Credit NoteNotes, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers shall fail to perform any of its obligations and covenants under Section 9 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 hereof, or the Line of Credit Note, the Swing Line of Credit Note, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers Borrower shall fail to perform any of its obligations and covenants under Section 9 3 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 hereof, Agreement or the Line of Credit Note, the Term Note, the Equipment Line of Credit Note, Note or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

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NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers Borrower shall fail to perform any of its obligations and covenants under Section 9 3 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 4 hereof, or the Line of Credit Note, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers Borrower shall fail to perform any of its obligations and covenants under Section 9 3 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 4 hereof, or the Line of Credit Note, the Term Note, the Equipment Line of Credit NoteNotes, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS. If the Borrowers Borrower shall fail to perform any of its obligations and covenants under Section 9 3 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 4 hereof, or the Line of Credit Note, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

Appears in 1 contract

Samples: Loan Agreement (McClain Industries Inc)

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