Common use of Covenant Defaults Clause in Contracts

Covenant Defaults. If Borrower defaults in the performance or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty (20) calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION 7.08(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION 9.01, as to which no notice or cure period shall apply unless specified; or

Appears in 2 contracts

Samples: Equipment Loan and Security Agreement (Econophone Inc), Equipment Loan and Security Agreement (Econophone Inc)

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Covenant Defaults. (i) If Borrower defaults in the performance or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty (20) calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION Section 7.08(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION Section 9.01, as to which no notice or cure period shall apply unless specified; or

Appears in 2 contracts

Samples: Modification Agreement (Destia Communications Inc), Loan and Security Agreement (Viatel Inc)

Covenant Defaults. If Borrower defaults in the performance or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty (20) 30 calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION 7.08(dSection 7.14, which shall become an Event of Default at the end of 10 days; except for violations of Section 7.07(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein therein; and except for specific Defaults listed elsewhere in this SECTION Section 9.01, as to which no notice or cure period shall apply unless specified; or

Appears in 1 contract

Samples: Loan and Security Agreement (Startec Global Communications Corp)

Covenant Defaults. If Borrower defaults in the performance or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty (20) calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION 7.08(dSection 7.8(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION 9.01Section 9.1, as to which no notice or cure period shall apply unless specified; or

Appears in 1 contract

Samples: Loan and Security Agreement (GST Telecommunications Inc)

Covenant Defaults. If the Borrower defaults in the performance ----------------- or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty (20) 30 calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION 7.08(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION Section 9.01, as to which no notice ------------ or cure period shall apply unless specified; or;

Appears in 1 contract

Samples: Loan and Security Agreement (Telscape International Inc)

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Covenant Defaults. If Borrower defaults in the performance or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty (20) calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION Section 7.08(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION Section 9.01, as to which no notice or cure period shall apply unless specified; or

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Econophone Inc)

Covenant Defaults. If Borrower defaults in the performance or observance of any covenant or agreement in this Agreement, and such default continues for a period of twenty ten (2010) calendar days after the earlier of Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION Section 7.08(d), which shall become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION Section 9.01, as to which no notice or cure period shall apply unless specified; or

Appears in 1 contract

Samples: Loan and Security Agreement (Focal Communications Corp)

Covenant Defaults. If a Borrower defaults in the performance or ----------------- observance of any material covenant or agreement in this Agreement, and such default continues for a period of twenty ten (2010) calendar days Business Days after the earlier of the Borrower's knowledge thereof or receipt of written notice from Lender thereof, except for violations of SECTION Section 7.08(d), which shall --------------- become an Event of Default at the end of the sixty (60) day period stated therein and except for specific Defaults listed elsewhere in this SECTION Section 9.01, as to which no notice or cure period shall apply unless specified; or

Appears in 1 contract

Samples: Loan and Security Agreement (Broadview Networks Holdings Inc)

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