Example ContractsClausesCovenant Default
Covenant Default
Covenant Default contract clause examples

Default. Subject to [Section 2.02(g)(ii)(B)], no Default shall exist or would result immediately after giving effect to such proposed Credit Extension or from the application of the proceeds thereof.

Default. The occurrence of any of the following (each, an “Event of Default”), shall constitute a default hereunder:

Default. After giving effect to this Amendment, no Default or Event of Default shall exist.

Default. Upon the occurrence of an Event of Default, Guarantor unconditionally and absolutely agrees to pay the then unpaid amount of the Secured Obligations. Such payment or payments shall be made at the address for loan payments specified in the Credit Agreement, immediately following demand by the Agent.

Default. At the option of Holder, the unpaid principal balance of this Note and all accrued interest thereon shall become immediately due, payable, and collectible, without notice or demand, upon the occurrence at any time of any of the following events, each of which shall be deemed to be an event of default hereunder.

Default. Promptly after a Responsible Officer becomes aware of the existence of any condition or event which constitutes an Event of Default, written notice again specifying the nature and period of existence thereof and specifying what action the Borrowers or the Restricted Subsidiaries are taking or propose to take with respect thereto;

Default. Prompt written notice of the occurrence of a Default or Event of Default; and

Default. No Default has occurred or is continuing or would result after giving effect to the Loan;

Default. Dealers hereby acknowledge and agree that this Amendment is a Loan Document, and a Default hereunder shall constitute a Default under the LSA.

Default. A party will be deemed in default under this Agreement if, subject to [Section 10.5], such party fails to perform any obligation required to be performed by it under this Agreement or breaches any representation, warranty or other obligation hereunder and fails to cure any such failure within sixty (60) days after notice from the other party. If a party is in default as specified in this [Section 5.2], the other party may terminate this Agreement and may pursue any remedy under this Agreement or otherwise available to such party.

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