Existing Default. The Credit Parties have failed to maintain a Minimum Trailing Three-Month Originations of at least $61,000,000 as of the last Business Day of (x) the calendar month ended August 31, 2025 and (y) the calendar month ended September 30, 2025, in each case as required by the Loan Agreement and the other Loan Documents, resulting in the occurrence of a Default and/or Event of Default under the Loan Agreement (and the other Loan Documents) (the “Existing Default”).
Appears in 4 contracts
Sources: Limited Waiver (Katapult Holdings, Inc.), Limited Waiver (Katapult Holdings, Inc.), Limited Waiver (Katapult Holdings, Inc.)
Existing Default. The Credit Parties have failed to maintain a Minimum Trailing Three-Month Originations of at least $61,000,000 as of the last Business Day of (x) the calendar month ended August 31, 2025 and (y) the calendar month ended September 30, 2025, in each case as required by the Loan Agreement and the other Loan Documents, resulting in the occurrence of a Default and/or Event of Default under the Loan Agreement (and the other Loan Documents) (the “Existing Default”).
Appears in 2 contracts
Sources: Limited Waiver (Katapult Holdings, Inc.), Limited Waiver (Katapult Holdings, Inc.)
Existing Default. The Credit Parties have failed to maintain a Minimum Trailing Three-Month Originations of at least $61,000,000 60,000,000 as of the last Business Day of (x) the calendar month ended August 31November 30, 2025 and (y) the calendar month ended September 30, 2025, in each case as required by the Loan Agreement and the other Loan Documents, resulting in the occurrence of a Default and/or Event of Default under the Loan Agreement (and the other Loan Documents) (the “Existing Default”).. Katapult – Limited Waiver and Second Amendment to Amended and Restated Loan and Security Agreement
Appears in 1 contract
Sources: Loan and Security Agreement (Katapult Holdings, Inc.)
Existing Default. The Credit Parties have failed to maintain a Minimum Trailing Three-Month Originations of at least $61,000,000 as of the last Business Day of (x) the calendar month ended August 31, 2025 and 2025, (y) the calendar month ended September 30, 2025 and (z) and the calendar month ended October 31, 2025, in each case as required by the Loan Agreement and the other Loan Documents, resulting in the occurrence of a Default and/or Event of Default under the Loan Agreement (and the other Loan Documents) (the “Existing Default”).
Appears in 1 contract
Sources: Loan and Security Agreement (Katapult Holdings, Inc.)