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Compliance With Covenants
Compliance With Covenants contract clause examples
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Specific Covenants. The Borrower, any Restricted Subsidiary or, in the case of [Section 7.14], Holdings, fails to perform or observe any term, covenant or agreement contained in any of ‎[Section 6.03(a)], ‎6.05(a) (solely with respect to the Borrower), 6.16 ‎or Article 7; provided that a Default as a result of a breach of ‎[Section 7.11] (a “Financial Covenant Event of Default”) is subject to cure pursuant to ‎[Section 8.05]; provided, further, that a Financial Covenant Event of Default or any breach of a financial maintenance covenant under any Incremental Revolving Credit Loan or any revolving facility that constitutes Credit Agreement Refinancing Indebtedness shall not constitute an Event of Default with respect to any Term Loans unless and until the Revolving Credit have declared all amounts outstanding under the Revolving Credit Facility to be immediately due and payable and all outstanding Revolving Credit Commitments to be immediately terminated, in each case in accordance with this Agreement and such declaration has not been rescinded on or before such date (the “Term Loan Standstill Period”); or

Specific Covenants. Either Borrower or any Loan Party # fails to perform or observe any term, covenant or agreement contained in Sections 6.01 and 6.02, and such failure continues for 5 days after the earlier to occur of # receipt of written notice thereof from Administrative Agent or Required Lenders to the Partnership, or # a Responsible Officer otherwise has actual knowledge of any such failure; or # fails to perform or observe any term, covenant or agreement contained in any of [Sections 6.03(a), 6.05]5] (only with respect to the legal existence of the Loan Parties), 6.11, 6.12, 6.18 or Article VII; or 885707.04-LACSR02A - MSW

Affirmative Covenants. From the date of its appointment until the Facility Termination Date:

Financial Covenants. Failure by any Borrower or any Guarantor to comply with any financial covenant set forth in [Section 8.4];

Other Covenants. Failure by any Borrower or any Guarantor to comply with any other covenants or agreements relating to any Borrower or any Guarantor as contained in this Agreement, any Guaranty, or any other agreement executed in connection herewith or therewith (including any Collection Account Agreement but excluding in respect of any Bank Products) for more than 30 days (to the extent such failure can be cured and such Borrower or Guarantor, as applicable, is actively pursuing such cure in good faith but otherwise immediately) after such failure shall first become known to any Borrower or to any Guarantor, or failure by any Borrower to comply with any covenant or agreement relating to such Borrower as contained in any agreement with respect to Bank Products beyond the applicable grace or cure period, if any, applicable thereto;

Restrictive Covenants. In order to induce Employer to enter into this Agreement, Executive hereby agrees as follows:

Independent Covenants. This Lease shall be construed as though the covenants herein between Landlord and Tenant are independent and not dependent and Tenant hereby expressly waives the benefit of any statute to the contrary and agrees that if Landlord fails to perform its obligations set forth herein, Tenant shall not be entitled to make any repairs or perform any acts hereunder at Landlord's expense or to any setoff of the Rent or other amounts owing hereunder against Landlord.

Mutual Covenants. Each of Axsome and Licensee hereby covenants to the other Party that:

Protective Covenants. In consideration of the Award granted under this Agreement, the Grantee covenants and agrees as follows (the “Protective Covenants”):

Specific Covenants. (i) The Company fails to perform or observe any term, covenant or agreement contained in # any of [Sections 6.10, 6.11, 7.01, 7.03, 7.06, 7.11, 7.12 or 7.14]4]4], or # any of [Sections 6.01, 6.02, 6.03, or 6.13] and, with respect to those sections identified in clause (B), such failure continues for five (5) days, or # any Subsidiary Guarantor fails to perform or observe any term, covenant or agreement contained in the Subsidiary Guaranty; or

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