Common use of Specific Covenants and Other Defaults Clause in Contracts

Specific Covenants and Other Defaults. (i) Any Loan Party shall fail to perform or observe any covenant contained in Section 7.02 or 7.03, or any material provision of Section 4.05 shall for any reason cease to be valid or binding on or enforceable against the Borrower or the Borrower shall so state in writing; or (ii) any Loan Party shall fail to perform or observe such other term, covenant or agreement contained in any Loan Document on its part to be performed or observed if the failure to perform or observe such other term, covenant or agreement shall remain unremedied for 30 days after written notice thereof shall have been given to such Loan Party by any Lender Party; or

Specific Covenants and Other Defaults. (i) Any Loan Party shall fail to perform or observe any covenant contained in Section 7.01(a) (as to the existence of the Company), 7.02 or 7.03, or any material provision of Section 4.05 Article III shall for any reason cease to be valid or binding on or enforceable against the Borrower Company or the Borrower Company shall so state in writing; or (ii) any Loan Party shall fail to perform or observe such other term, covenant or agreement contained in any Loan Document on its part to be performed or observed if the failure to perform or observe such other term, covenant or agreement shall remain unremedied for 30 days after written notice thereof shall have been given to such Loan Party by any Lender Party; or

Specific Covenants and Other Defaults. (i) Any Loan Party shall fail to perform or observe any covenant contained in Section 7.02 7.01(a) (as to the existence of the Company), 7.02, 7.03 or 7.037.04(d), or any material provision of Section 4.05 Article III shall for any reason cease to be valid or binding on or enforceable against the Borrower Company or the Borrower Company shall so state in writing; or (ii) any Loan Party shall fail to perform or observe such other term, covenant or agreement contained in any Loan Document on its part to be performed or observed if the failure to perform or observe such other term, covenant or agreement shall remain unremedied for 30 days after written notice thereof shall have been given to such Loan Party by any Lender Party; or