Common use of Particular Covenant Defaults Clause in Contracts

Particular Covenant Defaults. if any Loan Party fails to perform, comply with or observe any covenant or undertaking contained in this Agreement and (other than with respect to the covenants contained in Sections 6.2(b), 6.2(d) (solely with regard to existence), 6.8, 6.9, 6.10, 6.11, 6.18 and 6.19, and Section 7 for which no cure period shall exist), such failure continues for thirty (30) days after the occurrence thereof; or

Appears in 2 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (Universal Business Payment Solutions Acquisition Corp)

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Particular Covenant Defaults. if any Loan Party fails to perform, comply with or observe any covenant or undertaking contained in this Agreement and (other than with respect to the covenants contained in Sections 6.2(b), 6.2(d) (solely with regard to existence), 6.8, 6.9, 6.10, 6.11, 6.18 and 6.19, and Section 7 for which no cure period shall exist, but with respect to JetPay Dallas, solely to the extent any such covenant is applicable to it), such failure continues for thirty (30) days after the occurrence thereof; or

Appears in 1 contract

Samples: Loan and Security Agreement (JetPay Corp)

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Particular Covenant Defaults. if any Loan Party fails to perform, comply with or observe any covenant or undertaking contained in this Agreement and (other than with respect to the covenants contained in Sections 6.2(b), 6.2(d) (solely with regard to existence), 6.8, 6.9, 6.10, 6.11, 6.18 and 6.196.18, 6.19 and Section 7 for which no cure period shall exist), such failure continues for thirty (30) days after the occurrence thereof; or

Appears in 1 contract

Samples: Loan and Security Agreement (JetPay Corp)

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