Common use of Other Breach Under Agreement Clause in Contracts

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 3 contracts

Samples: Business Loan Agreement (Variflex Inc), Business Loan Agreement (Pia Merchandising Services Inc), Business Loan Agreement (Dura Pharmaceuticals Inc/Ca)

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Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any material term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 2 contracts

Samples: Business Loan Agreement (Cost Plus Inc/Ca/), Business Loan Agreement (Cost Plus Inc/Ca/)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Credit Agreement (Special Devices Inc /De)

Other Breach Under Agreement. The Borrower materially fails to meet the conditions of, or fails to perform any material obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's reasonable opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Calgene Inc /De/)

Other Breach Under Agreement. The Any Borrower fails to meet the ---------------------------- conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) 30 days after the date on which the Bank gives written notice of the breach to the such Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower Borrowers during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Kinetics Group Inc)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty ten (3010) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Abm Industries Inc /De/)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, then the breach will not be considered an event of default under this Agreement for a period of thirty ten (3010) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Ventana Medical Systems Inc)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) 15 days after the date on which the Bank gives written notice of the breach to the such Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower Borrowers during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Watsco Inc)

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Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) 30 days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Arris Pharmaceutical Corp/De/)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. IfThis includes any failure or anticipated failure by the Borrower to comply with any financial covenants set forth in this Agreement, whether such failure is evidenced by financial statements delivered to the Bank or is otherwise known to the Borrower or the Bank. If in the Bank's opinion, ’s opinion the breach is capable of being remedied, the breach will not be considered an event Event of default Default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower30 days; provided, provided however, that the Bank will not be obligated to extend any additional credit to the Borrower during that such 30-day period.

Appears in 1 contract

Samples: Business Loan Agreement (TRM Corp)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, If in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Sport Chalet Inc)

Other Breach Under Agreement. The Borrower fails to meet the conditions of, or fails falls to perform any obligation under, any term of this Agreement not specifically referred to in this Article. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of thirty (30) days after the date on which the Bank gives written notice of the breach to the Borrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrower during that period.

Appears in 1 contract

Samples: Loan Agreement (Tako Ventures LLC)

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