Common use of Default in Performance of Certain Covenants Clause in Contracts

Default in Performance of Certain Covenants. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any covenant or agreement contained in Sections 8.1(a), (b) or (d), 8.2(a) or (b), 8.3(a), 8.4, 8.13, 8.15, 8.16, 8.17, 8.18 or 8.19 or Article IX; provided that a breach of the financial covenants set forth in Section 9.13 shall not constitute an Event of Default with respect to any Term Loans, and the Term Loan Lenders shall not be permitted to exercise any remedies with respect to a breach of the financial covenants set forth in Section 9.13, unless and until the Required Revolving Credit Lenders have declared all amounts outstanding under the Revolving Credit Facility to be due and payable and all outstanding Revolving Credit Commitments to be terminated, in each case in accordance with this Agreement and such declaration has not been rescinded.

Appears in 4 contracts

Sources: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp), Credit Agreement (Southwest Gas Corp)

Default in Performance of Certain Covenants. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any covenant or agreement contained in Sections 8.1(a)(i) Section 8.1 and such default shall continue for a period of five (5) Business Days, (b) or (d), ii) Section 8.2(a) or (b), 8.3(a), 8.4, 8.13, 8.14, 8.15, 8.16, 8.17, 8.18 8.16 or 8.17 or 8.19 or Article IX; provided that a breach of the financial covenants set forth in Section 9.13 Financial Covenant shall not constitute an Event of Default with respect to any Term Loans, and the Term Loan Lenders shall not be permitted to exercise any remedies with respect to a breach of the financial covenants set forth in Section 9.13Financial Covenant, unless and until the Required Revolving Credit Lenders have declared all amounts outstanding under the Revolving Credit Facility to be due and payable and all outstanding Revolving Credit Commitments to be terminated, in each case in accordance with this Agreement and such declaration has not been rescinded.

Appears in 2 contracts

Sources: Credit Agreement (Switch, Inc.), Credit Agreement (Switch, Inc.)

Default in Performance of Certain Covenants. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any covenant or agreement contained in Sections 8.1(a)(i) Section 8.1 and such default shall continue for a period of five (5) Business Days, (b) or (d), ii) Section 8.2(a) or (b), 8.3(a), 8.4, 8.13, 8.14, 8.15, 8.16, 8.17, 8.18 8.19 or 8.19 8.20 or Article IX; provided that a breach of the financial covenants set forth in Section 9.13 Financial Covenant shall not constitute an Event of Default with respect to any Term Loans, and the Term Loan Lenders shall not be permitted to exercise any remedies with respect to a breach of the financial covenants set forth in Section 9.13Financial Covenant, unless and until the Required Revolving Credit Lenders have declared all amounts outstanding under the Revolving Credit Facility to be due and payable and all outstanding Revolving Credit Commitments to be terminated, in each case in accordance with this Agreement and such declaration has not been rescinded.

Appears in 1 contract

Sources: Credit Agreement (Switch, Inc.)

Default in Performance of Certain Covenants. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any covenant or agreement contained in Sections 8.1(a)(i) Section 8.1 and such default shall continue for a period of five (5) Business Days, (b) or (d), ii) Section 8.2(a) or (b), 8.3(a), 8.4, 8.13, 8.14, 8.15, 8.168.16 or, 8.178.17 or, 8.18 8.19 or 8.19 8.20 or Article IX; provided that a breach of the financial covenants set forth in Section 9.13 Financial Covenant shall not constitute an Event of Default with respect to any Term Loans, and the Term Loan Lenders shall not be permitted to exercise any remedies with respect to a breach of the financial covenants set forth in Section 9.13Financial Covenant, unless and until the Required Revolving Credit Lenders have declared all amounts outstanding under the Revolving Credit Facility to be due and payable and all outstanding Revolving Credit Commitments to be terminated, in each case in accordance with this Agreement and such declaration has not been rescinded.

Appears in 1 contract

Sources: Credit Agreement (Switch, Inc.)

Default in Performance of Certain Covenants. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any covenant or agreement contained in Sections 8.1(a), (b) or (d), 8.2(a) or (b)) , 8.3(a), 8.48.4 , 8.13, 8.15, 8.16, 8.17, 8.18 or 8.19 or Article IX; provided that a breach of the financial covenants set forth in Section 9.13 shall not constitute an Event of Default with respect to any Term Loans, and the Term Loan Lenders shall not be permitted to exercise any remedies with respect to a breach of the financial covenants set forth in Section 9.13Section9.13, unless and until the Required Revolving Credit Lenders have declared all amounts outstanding under the Revolving Credit Facility to be due and payable and all outstanding Revolving Credit Commitments to be terminated, in each case in accordance with this Agreement and such declaration has not been rescinded.

Appears in 1 contract

Sources: Credit Agreement (Centuri Holdings, Inc.)