Violation Of Covenants; Failure Of Conditions Precedent Sample Clauses

Violation Of Covenants; Failure Of Conditions Precedent. The occurrence of any of the following: (a) the failure of the any COMPANY to comply with the covenants contained in Sections 6.1, 6.2, 6.5 or 6.9 of this AGREEMENT; (b) any COMPANY shall incur, create, assume or permit to exist any INDEBTEDNESS in excess of One Hundred Thousand Dollars ($100,000.00) in violation of the terms of Section 6.4 of this AGREEMENT; (c) Transderm Laboratories Corporation (or any COMPANY to whom Transderm Laboratories Corporation hereafter transfers any or all of its real property) shall mortgage, pledge, grant or permit to exist any lien upon any of its real property in violation of the terms of Section 6.3 of this AGREEMENT; (d) the BORROWER shall pledge, grant or permit to exist any lien upon any of the EQUIPMENT purchased with proceeds of the LOAN in violation of the terms of Section 6.3 of this AGREEMENT; (e) any COMPANY shall fail to comply with any agreement or covenant contained in this AGREEMENT (other than those specifically set forth above in this Section 7.2 but including any violation of the terms of Sections 6.3 or 6.4 other than as specifically provided for in (b), (c) and (d) above) and such failure is not cured within fifteen (15) BUSINESS DAYS after written notice from the LENDER.
Sample 1
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Violation Of Covenants; Failure Of Conditions Precedent. The failure by the BORROWER or the EQUITY HOLDER to perform or a violation of any of the covenants or agreements provided in this AGREEMENT or in any of the other LOAN DOCUMENTS.
Sample 1
Violation Of Covenants; Failure Of Conditions Precedent. The failure by the Borrower to perform or a violation of any of the covenants or agreements provided in this Agreement or in any of the other Loan Documents. The failure of any condition precedent contained herein to continue to be satisfied.
Sample 1

Related to Violation Of Covenants; Failure Of Conditions Precedent

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

  • Waiver of conditions precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Conditions Precedent/Effectiveness Conditions This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel):

  • Failure of Conditions If the Conditions Precedent shall not have been satisfied or waived by February 27, 2015, either party may terminate this Lease and the Transfer Agreement by written notice of termination (the “Termination Notice”) delivered to the other party by February 27, 2015 (the “Failure of Conditions Termination Date”). Upon termination of this Lease under the terms of this Section 2, neither party hereto shall have any further claims or obligations under this Lease or the Transfer Agreement, except those obligations that expressly survive termination. Notwithstanding any provision of this Section 2.3 to the contrary, if the parties are unable to agree upon the initial Deferred Maintenance Items (as that term is defined in Section 9.2(c)(ii) below for the River Valley Facility to be included on Exhibit “E”, the sole remedy of the parties shall be to exclude the River Valley Facility from the Portfolio.

  • Limited Waiver of Conditions Precedent If Agent, Issuing Bank or Lenders fund any Loans, arrange for issuance of any Letters of Credit or grant any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Agent, Issuing Bank and Lenders to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor (b) any Default or Event of Default due to such failure of conditions or otherwise.

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Evidence of Compliance with Conditions Precedent The Guarantor shall provide to the Guarantee Trustee such evidence of compliance with such conditions precedent, if any, provided for in this Guarantee Agreement that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act. Any certificate or opinion required to be given by an officer pursuant to Section 314(c)(1) may be given in the form of an Officers' Certificate.

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

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