Common use of Default in Covenants Clause in Contracts

Default in Covenants. Default shall be made by Borrower in the due performance or observance of any covenant or condition of this Agreement, other than a covenant for the payment of money, and such default shall not, within forty-five (45) business days after the Borrower has been given notice of such default by the Lender, have been cured.

Appears in 2 contracts

Sources: Loan Agreement (San Diego Soccer Development Corp), Loan Agreement (San Diego Soccer Development Corp)