Common use of Covenant Breaches Clause in Contracts

Covenant Breaches. Any Loan Party shall (i) fail to perform or observe any covenant contained in Section 5.01, 5.07(a), 5.09, 5.11, 5.12, 5.17, or Article VI, or (ii) fail to perform or observe any covenant contained in Section 5.06(e), 5.06(k), 5.06(l), or 5.16 if such failure shall remain unremedied for five Business Days, or (iii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) or clause (ii) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days;

Appears in 2 contracts

Sources: Credit Agreement (MxEnergy Holdings Inc), Credit Agreement (MxEnergy Holdings Inc)

Covenant Breaches. Any Loan Party shall (i) fail to perform or observe any covenant contained in Section Sections 5.01, 5.07(a), 5.09, 5.11, 5.12and 5.12 and Article VI of this Agreement (provided that, 5.17with respect to Section 6.23 only, or Article VI, or (ii) fail to perform or observe any covenant contained in Section 5.06(e), 5.06(k), 5.06(l), or 5.16 if such failure shall remain unremedied for five Business Days, 15 days) or (iiiii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) or clause (ii) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days;

Appears in 2 contracts

Sources: Credit Agreement (Total Gas & Electricity (PA) Inc), Credit Agreement (MxEnergy Holdings Inc)

Covenant Breaches. Any Loan Party shall (i) fail to perform or observe any covenant contained in Section 5.01Sections 5.01 (with respect to the existence of the Borrower or Parent), 5.04(a), 5.06(a) and (b), 5.07(a), 5.09(e), 5.11and (g), 5.12, 5.17, or 5.09(b) and 5.10 and Article VI, VI of this Agreement or (ii) fail to perform or observe any covenant contained in Section 5.06(e), 5.06(k), 5.06(l), or 5.16 if such failure shall remain unremedied for five Business Days, or (iii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) or clause (ii) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days;

Appears in 2 contracts

Sources: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\)

Covenant Breaches. Any Loan Party shall (i) fail to perform or observe any covenant contained in Section Sections 5.01, 5.07(a), 5.09, 5.11, 5.12, 5.175.14, or and Article VI, VI of this Agreement or (ii) fail to perform or observe any covenant contained in Section 5.06(e), 5.06(k), 5.06(l), or 5.16 if such failure shall remain unremedied for five Business Days, or (iii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) or clause (ii) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days;

Appears in 2 contracts

Sources: Credit Agreement (Diamondback Energy Services, Inc.), Credit Agreement (Diamondback Energy Services, Inc.)

Covenant Breaches. Any Loan Party shall (i) fail to perform or observe any covenant contained in Section Sections 5.01, 5.07(a), 5.07(e), 5.09, 5.11, 5.12, 5.17, or 5.14 and Article VI, VI of this Agreement or (ii) fail to perform or observe any covenant contained in Section 5.06(e), 5.06(k), 5.06(l), or 5.16 if such failure shall remain unremedied for five Business Days, or (iii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) or clause (ii) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days;

Appears in 2 contracts

Sources: Credit Agreement (Willbros Group Inc), Credit Agreement (Willbros Group Inc)

Covenant Breaches. Any Loan Party or any Subsidiary thereof shall fail to (i) fail to perform or observe any covenant contained in Section 5.01, 5.07(a5.02(a), Section 5.03 (with respect to either Holdings’ or the Borrower’s existence), Section 5.06(i), Section 5.09, 5.11, 5.12, 5.17, or Article VI, VI of this Agreement or (ii) fail to perform or observe any covenant contained in Section 5.06(e), 5.06(k), 5.06(l), or 5.16 if such failure shall remain unremedied for five Business Days, or (iii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) or clause (ii) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 daysdays after the occurrence of such breach or failure;

Appears in 1 contract

Sources: Credit Agreement (Penn Virginia Corp)