Default in Performance of Other Covenants and Conditions. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any term, covenant, condition or agreement contained in this Agreement (other than as specifically provided for otherwise in this Section 13.1) or any other Loan Document and such default shall continue for the earlier of (i) a period of thirty (30) days from the date that a Responsible Officer or corporate counsel of the Parent knew of the occurrence of such default, and (ii) a period of thirty (30) days after written notice thereof has been given to the Parent by the Administrative Agent; provided, that such thirty (30) day period shall not apply in the case of any failure to observe any such covenant which is not capable of being cured at all or within such thirty (30) day period.
Appears in 2 contracts
Sources: Credit Agreement (La-Z-Boy Inc), Credit Agreement (La-Z-Boy Inc)
Default in Performance of Other Covenants and Conditions. Any Credit Party or any Subsidiary thereof shall default in the performance or observance of any term, covenant, condition or agreement contained in this Agreement (other than as specifically provided for otherwise in this Section 13.1) or any other Loan Document and such default shall continue for the earlier of (i) a period of thirty (30) days from the date that a Responsible Officer or corporate counsel of the Parent knew of the occurrence of such default, and (ii) a period of thirty (30) days after written notice thereof has been given to the Parent by the Administrative Agent; provided, that such thirty (30) day period shall not apply in the case of (A) any failure to observe any such covenant which is not capable of being cured at all or within such thirty (30) day period.
Appears in 1 contract
Sources: Credit Agreement (La-Z-Boy Inc)