Common use of Additional Covenant Defaults Clause in Contracts

Additional Covenant Defaults. Any Borrower Party, REIT Manager or Guarantor shall fail to observe or perform any other covenant or agreement contained in the Facility Documents (and not identified in clause (d) of Section 14), and if such default shall be capable of being remedied, such failure to observe or perform shall continue unremedied beyond twenty (20) days after the earlier of such Borrower Party’s, REIT Manager’s or Guarantor’s knowledge of such failure or receipt by such Borrower Party, REIT Manager or Guarantor of notice from Lender of such failure; or

Appears in 3 contracts

Sources: Loan and Security Agreement (Front Yard Residential Corp), Loan and Security Agreement (Altisource Residential Corp), Loan and Security Agreement (Altisource Residential Corp)