Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1, 3, or 5 above, and subject to the provisions of the Section entitled “Additional Remedies”, CNB will give Borrower at least ten (10) days’ written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 3 contracts
Samples: Credit Agreement (Highbury Financial Inc), Form of Credit Agreement (Highbury Financial Inc), Credit Agreement (Highbury Financial Inc)
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1Sections 9.1.1, 39.1.4, or 5 9.1.5 above, and subject to the provisions of the Section entitled “Additional Remedies”9.4, CNB will give Borrower at least ten (10) days’ written notice of any event which constitutes orconstitutes, or with the lapse of time would become become, an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 3 contracts
Samples: Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.)
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1Sections 7.1.1, 37.1.3, or 5 7.1.5 above, and subject to the provisions of the Section entitled “Additional Remedies”7.4, CNB will give Borrower at least ten (10) days’ ' written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 2 contracts
Samples: Credit Agreement (Signature Eyewear Inc), Credit Agreement (Spectrum Laboratories Inc /Ca)
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1Sections 8.1.3, 38.1.4, or 5 8.1.6, above, and subject to the provisions of the Section entitled “Additional Remedies”8.4, CNB will give Borrower at least ten (10) days’ days (five (5) days with respect to Event of Default 8.1.1) written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 2 contracts
Samples: Credit and Security Agreement (Tier Technologies Inc), Credit and Security Agreement (Tier Technologies Inc)
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1Sections 9.1.1, 3, 9.1.4 or 5 9.1.5 above, and subject to the provisions of the Section entitled “Additional Remedies”9.4, CNB will give Borrower at least ten (10) days’ ' written notice of any event which constitutes orconstitutes, or with the lapse of time would become become, an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 2 contracts
Samples: Accounts Receivable and Inventory Loan Agreement (Athanor Group Inc), Accounts Receivable and Inventory Loan Agreement (Signature Eyewear Inc)
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1Sections 8.1.1, 38.1.3, or 5 8.1.5, above, and subject to the provisions of the Section entitled “Additional Remedies”8.4, CNB will give Borrower at least ten (10) days’ written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will be entitled to cure same. During such cure period, only a Potential Event of Default and not an Event of Default shall be deemed to have occurred.
Appears in 1 contract
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 1Sections 9.1.1, 39.1.4, or 5 9.1.5 above, and subject to the provisions of the Section entitled “Additional Remedies”9.4, CNB will give Borrower at least ten thirty (1030) days’ written notice of any event which constitutes orconstitutes, or with the lapse of time would become become, an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 1 contract
Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Subsections 18.1.1 or 8.1.3, 3, or 5 above, and subject to the provisions of the Section 8.4 below, entitled “Additional Remedies”, CNB will give Borrower at least ten (10) days’ written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will be entitled to cure same.
Appears in 1 contract
Samples: Credit Agreement (Sm&A)