Common use of Covenant Default Clause in Contracts

Covenant Default. (i) 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(b), 5.4 (solely with respect to maintenance of existence), 5.7(a), 5.9, or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections 5.15.4, 5.2(b), 5.4 (solely with respect to maintenance of existence), 5.7(a)5.7, 5.9, 5.15 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of hereof (other than Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured6.14); or

Covenant Default. (i) Any Credit Party or any Subsidiary shall fail to perform, comply with perform or observe any term, covenant or agreement applicable to it contained in Sections Section 5.1, 5.2(b5.2(a) or (b), 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a)5.7, 5.9, 5.18(c) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedVI; or

Covenant Default. (i) 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(b), 5.4 (solely with respect to maintenance of the extent such covenant requires that the Credit Parties and their Subsidiaries preserve, renew and keep in full force and effect their corporate or other formative existence), 5.7(a)5.7, 5.9, 5.13, or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) Any Credit Party shall fail fails to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections any of Section 5.1, 5.2(bSection 5.2(a), 5.4 (solely with respect to maintenance of existenceSection 5.3, Section 5.4, Section 5.5(a), 5.7(a)Section 5.7, Section 5.9, Section 5.10, Section 5.12, Section 5.14, Section 5.15, Section 5.17 or Section 5.18 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedVI; or

Covenant Default. (i) 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(b5.2(a), 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a), 5.9, 5.11, 5.13, 5.15(c) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of hereof (other than Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured6.14); or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with perform or observe any term, covenant or agreement applicable to it contained in Sections 5.1Section 5.4, 5.2(b), 5.4 (solely with respect to maintenance of existence)5.5, 5.7(a), 5.95.12, 5.15 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedVI; or

Covenant Default. (i) 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(b)5.2, 5.4 (solely with respect to maintenance if any such Credit Party is not in good standing in its jurisdiction of existenceorganization), 5.7(a)5.7, 5.9, 5.11, 5.13, 5.14 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections 5.17.1, 5.2(b)7.2, 5.4 (solely with respect to maintenance of existence)7.4, 5.7(a)7.7, 5.97.9, or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of 7.11 and Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or8.

Covenant Default. (i) 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(b5.3(a), 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a)5.7, 5.9, 5.9 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of 5.15 or in Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured6; or

Covenant Default. (i) 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(b)5.2, 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a), 5.7(j), 5.9, 5.12, 5.14 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of hereof (other than Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured6.14); or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with perform or observe any term, covenant or agreement applicable to it contained in Sections Section 5.1, 5.2(b5.2(a) or (b), 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a)5.7, 5.9, 5.18(c) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedVI; or

Covenant Default. (ia) Any A Credit Party shall fail fails or neglects to perform, comply with perform any obligation in Section 5 or observe violates any term, covenant or agreement applicable to it contained in Sections 5.1, 5.2(b), 5.4 (solely with respect to maintenance of existence), 5.7(a), 5.9, or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured6; or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections 5.16.1, 5.2(b6.4, 6.7(b), 5.4 (solely with respect to maintenance of existence)6.9, 5.7(a), 5.9, 6.11 and 6.12 or Article VI VII hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) 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(b), 5.4 (solely with respect to maintenance of the extent such covenant requires that the Credit Parties and their Subsidiaries preserve, renew and keep in full force and effect their corporate or other formative existence), 5.7(a)5.7, 5.9, 5.13, 5.14(f) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) 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(b)5.2, 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a)5.7, 5.9, 5.11, 5.13, 5.15(d) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) 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(b), 5.4 (solely with respect to maintenance of existence), 5.7(a)5.7, 5.9, 5.11, 5.16(c) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or;

Covenant Default. (i) 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(a), 5.2(b), 5.4 (solely with respect to maintenance of existence5.2(e), 5.4, 5.7(a), 5.9, 5.11, 5.14 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections any of Section 5.1, 5.2(bSection 5.2(a), 5.4 (solely with respect to maintenance of existenceSection 5.3, Section 5.4, Section 5.5(a), 5.7(a)Section 5.7, Section 5.9, Section 5.10, Section 5.12, Section 5.14, Section 5.15, Section 5.17 or Section 5.18 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedVI; or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in (A) Sections 5.15.4, 5.2(b)5.7, 5.4 5.9, 5.11, 5.15, 5.16 or Article VI hereof (solely other than Section 6.12) or (B) Sections 5.1 or 5.2 and, with respect to maintenance this clause (B) only, such breach or failure to comply is not cured within five (5) Business Days of existence), 5.7(a), 5.9, or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedits occurrence; or

Covenant Default. (i) 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(b), 5.4 (solely with respect to maintenance of existence), 5.7(a)5.7, 5.9, 5.11, 5.16(c) or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or

Covenant Default. (i) 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(b), 5.4 (solely with respect to maintenance of existence), 5.7(a), 5.9, or Article VI Section 5.9 hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or101

Covenant Default. (i) Any Credit Party shall fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Sections 5.15.4, 5.2(b), 5.4 (solely with respect to maintenance of existence), 5.7(a)5.7, 5.9, 5.13 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or;

Covenant Default. (ia) Any applicable Credit Party shall fail fails or neglects to perform, comply with or observe perform any term, covenant or agreement applicable to it contained obligation in Sections 5.16.6, 5.2(b), 5.4 (solely with respect to maintenance of existence), 5.7(a), 5.9, 6.10 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of 6.11 or violates any covenant in Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured7; or

Covenant Default. (i) Any Credit Party shall fail to perform, comply with perform or observe any term, covenant or agreement applicable to it contained in Sections 5.1Section 5.4, 5.2(b), 5.4 (solely with respect to maintenance of existence)5.5, 5.7(a), 5.95.12, 5.14 or Article VI hereof; provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or curedVI; or

Covenant Default. (i) 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(b)5.2, 5.4 (solely with respect to maintenance of existence)5.4, 5.7(a), 5.7(j), 5.9, 5.12, 5.14 or Article VI hereofhereof (other than Section 6.14); provided that an Event of Default arising solely as a result of a breach of Section 5.7(a) shall be deemed waived automatically without further action if the underlying Default or Event of Default for which notice was required to be delivered is waived or cured; or115