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Covenant Default
Covenant Default contract clause examples

Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in [Sections 5.4, 5.7, 5.9, 5.15]5]5]5] or Article VI hereof (other than [Section 6.14]); or

any Credit Party defaults in the performance of or compliance with any term contained in [Section 6.2, 6.4, 6.5, 6.6, 6.7(a), 6.8, 6.9, 6.10, 6.13, 6.15 or 6.16]6]6]6]6]6]6] or Article 7 or Article 9;

Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in [Sections 5.1, 5.2 or 5.16-further]r]r]r] assurances and such failure continues for five (5) Business Days; or

(i) any Credit Party shall fail to pay when due any principal, interest, premium or fee under any Financing Document or any other amount payable under any Financing Document, or # there shall occur any default in the performance of or compliance with any of the following sections of this Agreement: Section 4.1, [Section 4.2(b)], [Section 4.4(c)], [Section 4.6, 4.9, 4.15, 4.16, 4.17]7]7], Article 5, Article 6, or Section 7.4;

Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in [Section 5.14] and such failure continues for ten (10) Business Days or such longer cure period as is afforded under applicable restriction so long as the applicable Credit Party is exercising diligent good faith efforts to cure such failure; or

Any Loan Party shall fail to perform or observe any covenant set forth in [Section 5.2], [Section 5.5(a)], [Section 5.18], or Article 6 of this Agreement.

Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition contained in Section 5.1, Section 5.2, Section 5.3, Section 5.4, Section 5.5, Section 5.6, Section 5.7, Section 5.8, Section 5.9, Section 5.10, Section 5.14, Section 5.15, Section 5.16 or Section 6; or

Any Loan Party shall fail to perform or observe any covenant set forth in Section 5.2, [Section 5.5(a)], [Section 5.18], or Article 6 of this Agreement.

any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in [Section 5.02(a), 5.03]3] (with respect to a Loan Party’s existence) or 5.06(b), 5.08, 5.14(a), 5.15 or in Article VI;

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