Common use of Covenant Default Clause in Contracts

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 106 contracts

Samples: Loan Agreement (Ault Alliance, Inc.), Loan and Security Agreement (iSpecimen Inc.), Loan and Security Agreement (Augmedix, Inc.)

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Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 24 contracts

Samples: Loan and Security Agreement (Limeade, Inc), Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (ThredUp Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.2 or 6.7 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 14 contracts

Samples: Loan and Security Agreement (Sirf Technology Holdings Inc), Loan Modification Agreement (Sirf Technology Holdings Inc), Loan and Security Agreement (Netlogic Microsystems Inc)

Covenant Default. (a) If any Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 6 contracts

Samples: Loan and Security Agreement (Interpace Biosciences, Inc.), Loan and Security Agreement (Warby Parker Inc.), Loan and Security Agreement (Everside Health Group, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Section 3.3, Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 6 contracts

Samples: Loan and Security Agreement (6d Bytes Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.5 or 6.7 violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 6 contracts

Samples: Loan and Security Agreement (Imperalis Holding Corp.), Loan and Security Agreement, Loan and Security Agreement (DPW Holdings, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 5 contracts

Samples: Loan and Security Agreement (Versata Inc), Loan Agreement (Logicvision Inc), Loan and Security Agreement (Pharmchem Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article Section 6 or violates any of the covenants contained in Article Section 7 of this Agreement; or

Appears in 5 contracts

Samples: Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Backblaze, Inc.)

Covenant Default. (a) If Borrower or any of its Subsidiaries fails or neglects to perform any obligation under Article in Section 6 or Borrower violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 4 contracts

Samples: Loan and Security Agreement (Selecta Biosciences Inc), Loan and Security Agreement (Selecta Biosciences Inc), Loan and Security Agreement (Dexcom Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.2, or 6.6, or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 4 contracts

Samples: Loan Modification Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (A123 Systems Inc), Loan Modification Agreement (A123 Systems, Inc.)

Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 Section 6.2 or 6.9 or violates any of the covenants contained in Article Section 7 of this Agreement; or

Appears in 4 contracts

Samples: Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX Holdings LTD)

Covenant Default. (a) If Borrower fails Borrowers fail to perform any obligation under Article 6 Sections 6.2 or 6.7 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 4 contracts

Samples: Loan and Security Agreement (Immunicon Corp), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 (other than the covenant contained in Section 6.13) or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Vuzix Corp), Assignment and Assumption Agreement (Lc Capital Master Fund LTD), Assignment and Assumption Agreement (Vuzix Corp)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.2 or violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 3 contracts

Samples: Loan and Security Agreement (Acclarent Inc), Loan and Security Agreement (Infinera Corp), Loan and Security Agreement (Neah Power Systems, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.2, 6.4, 6.5, 6.6 or 6.7, or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 3 contracts

Samples: Loan and Security Agreement (diaDexus, Inc.), Loan and Security Agreement (diaDexus, Inc.), Loan and Security Agreement (diaDexus, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 (other than Section 6.1 and 6.2) or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)

Covenant Default. (a) If Borrower fails to does not perform any obligation under Article in Section 6 or violates any of the covenants contained covenant in Article 7 of this Agreement; orSection 7;

Appears in 3 contracts

Samples: Loan and Security Agreement (Harmonic Inc), Loan and Security Agreement (Harmonic Inc), Loan and Security Agreement (Harmonic Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.8 or Section 6.9 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Everbridge, Inc.), Loan and Security Agreement (Everbridge, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.2, 6.6 or 6.7 or violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 3 contracts

Samples: Loan and Security Agreement (Cadence Pharmaceuticals Inc), Loan and Security Agreement (Cadence Pharmaceuticals Inc), Loan and Security Agreement (Senorx Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 hereunder, or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 2 contracts

Samples: Loan Agreement (Systemsoft Corp), Loan and Security Agreement (Systemsoft Corp)

Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 (other than Section 6.1, 6.2, 6.4, 6.10(a), or 6.10(b)) or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (Identiv, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.6 or Section 6.7 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Masergy Communications Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.2 or 6.6 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 2 contracts

Samples: Ar Financing Loan Agreement (Netlogic Microsystems Inc), Ar Financing Loan Agreement (Netlogic Microsystems Inc)

Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 Sections 6.1, 6.2, 6.5, or 6.7 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.2 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Infinera Corp), Loan and Security Agreement (Citadel Security Software Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or.

Appears in 2 contracts

Samples: Loan and Security Agreement (Traffic.com, Inc.), Loan and Security Agreement (Traffic.com, Inc.)

Covenant Default. (a) If the Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6, or violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Hamilton Lane INC), Revolving Loan and Security Agreement (Hamilton Lane INC)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 5.2 or 5.7 or violates any of the covenants contained in Article 7 6 of this Agreement; , or

Appears in 2 contracts

Samples: Loan Agreement (Pharsight Corp), Loan Agreement (Pharsight Corp)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 6, or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Bellicum Pharmaceuticals, Inc), Loan and Security Agreement (Bellicum Pharmaceuticals, Inc)

Covenant Default. (a) A. If Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Loan Agreement; or

Appears in 2 contracts

Samples: Term Loan  and Security Agreement (Environmental Energy Services Inc), Term Loan  and Security Agreement (Blaze Energy Corp.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.2 or Section 6.7 or violates any of the covenants or provisions contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Multimedia Games Inc), Loan and Security Agreement (Multimedia Games Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article Section 6 or violates any of the covenants contained in Article 7 of this Agreement; orSection 7;

Appears in 2 contracts

Samples: Subordinated Term Loan and Security Agreement (Sonim Technologies Inc), Loan and Security Agreement (Vystar Corp)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 (except Sections 6.3 or 6.4) or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (U-Swirl, Inc.), Loan and Security Agreement (Rocky Mountain Chocolate Factory Inc)

Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 other than Section 6.1, 6.2, or 6.10 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Lightpath Technologies Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 other than Section 6.1, 6.2, or 6.9, or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Lightpath Technologies Inc), Loan and Security Agreement (Lightpath Technologies Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 9.5 or violates any of the covenants contained in Article 7 10 of this Agreement; or

Appears in 1 contract

Samples: Guaranty and Security Agreement (Cinedigm Corp.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Loan and Security Agreement (Networth Technologies, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.8 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Sourcefire Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.2 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Thomas Weisel Partners Group, Inc.)

Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 6, or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Compass Therapeutics, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.7 or violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Hansen Medical Inc)

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Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement, in each case, in any material respect; or

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.2 or 6.6 or violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Omniture, Inc.)

Covenant Default. (a) If Borrower fails Borrowers fail to perform any obligation under Article 6 Section 6.2(j), 6.2(l) or 6.7 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 within three (3) Business Days of when due or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Adnexus Therapeutics, Inc.)

Covenant Default. (aA) If Borrower fails to does not perform any obligation under Article in Section 6 or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Loan and Security Agreement (I Flow Corp /De/)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 9.6 or 9.7 or violates any of the covenants contained in Article 7 10 of this Agreement; or

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Covenant Default. (a) If a Borrower fails to perform any obligation under Article 6 Section 6.9 or violates any of the covenants contained in Article Section 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Telkonet Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 5.2 or 5.7 or violates any of the covenants contained in Article 7 Section 6 of this Agreement; , or

Appears in 1 contract

Samples: Loan Agreement (JH Evergreen Management, LLC)

Covenant Default. (a) If Borrower fails Borrowers fail to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Implant Sciences Corp)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.2 or violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiomems Inc)

Covenant Default. (a) If Borrower fails Borrowers fail to perform any obligation under Article 6 Sections 6.2 or violates 6.6 or violate any of the covenants contained in Article 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Ramtron International Corp)

Covenant Default. (a) If Borrower or any Guarantor fails or neglects to perform any obligation under Article in Sections 6 or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Loan and Security Agreement (3PAR Inc.)

Covenant Default. (a) If Borrower fails Borrowers fail to perform any obligation under Article 6 comply with Section 6.7 of this Agreement or violates violate any of the covenants contained in Article 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Jamdat Mobile Inc)

Covenant Default. (a) If Borrower fails to does not perform any obligation under Article in Section 6 or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Loan and Security Agreement (Occam Networks Inc/De)

Covenant Default. (a) If Any Borrower fails or neglects to perform any obligation under Article in Section 6 or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Export Import Bank Loan and Security Agreement (Qualmark Corp)

Covenant Default. (a) If Borrower Debtor fails to perform any obligation under Article 6 Section 3 of this Agreement, or violates any of the covenants contained in Article 7 Section 4 of this Agreement; or

Appears in 1 contract

Samples: Security Agreement (Akebia Therapeutics, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article Section 6 (other than Section 6.1) or violates any of the covenants contained in Article Section 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Backblaze, Inc.)

Covenant Default. (a) If A Borrower fails or neglects to perform any obligation under Article in Sections 6 or Borrower or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Loan and Security Agreement (Ligand Pharmaceuticals Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 5 or violates any of the covenants contained in Article 7 6 of this Agreement; or

Appears in 1 contract

Samples: Credit Facility Agreement (U S Gold Corp)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Sections 6.2 or 6.6 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Ramtron International Corp)

Covenant Default. (a) If Borrower the Company fails to perform any obligation under Article 6 Section 6.8 or either Borrower violates any of the covenants contained in Article Section 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (3d Systems Corp)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 6.1 or violates any of the covenants contained in Article 7 of this Agreement; , or

Appears in 1 contract

Samples: Loan and Security Agreement (Liquid Audio Inc)

Covenant Default. (aA) If Borrower fails to does not perform any obligation under Article 6 in Section 6.2 or Section 6.7, or violates any of the covenants contained covenant in Article 7 of this AgreementSection 7; or

Appears in 1 contract

Samples: Loan and Security Agreement (Skinmedica Inc)

Covenant Default. (a) If Borrower fails to perform any obligation under Article 6 Section 9.5 or 9.6 or violates any of the covenants contained in Article 7 10 of this Agreement; or

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Covenant Default. (a) If any Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement; provided however that Borrowers’ failure to timely pay taxes in an aggregate amount not to exceed $250,000 at any time shall not constitute a violation of Section 6.6; or

Appears in 1 contract

Samples: Loan and Security Agreement (Orchard Enterprises, Inc.)

Covenant Default. (a) If Borrower fails to perform any obligation under Article Sections 6 of this Agreement, or violates any of the covenants contained in Article Section 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Siebert Financial Corp)

Covenant Default. (a) If Borrower fails the Loan Parties fail to perform any obligation under Article Section 6 or violates violate any of the covenants contained in Article Section 7 of this Agreement; or

Appears in 1 contract

Samples: Loan and Security Agreement (Enservco Corp)

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