Common use of Failure to Perform Covenant or Liability (Grace Period Clause in Contracts

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower; within Ten (10) days following the earlier of the Borrower’s knowledge of a breach of any covenant or Liability not described in any of Sections 11.1, 11.2, or 11.3 or of its receipt of written notice from the Agent of the breach of any of such covenants or Liabilities to perform discharge or comply with any such covenants or liabilities.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

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Failure to Perform Covenant or Liability (Grace Period. The failure by the BorrowerBorrowers; within Ten (10) days following the earlier of the Borrower’s Borrowers’ knowledge of a breach of any covenant or Liability not described in any of Sections 11.1, 11.2, or 11.3 or of its receipt of written notice from the Agent of the breach of any of such covenants or Liabilities to perform discharge or comply with any such covenants or liabilities.

Appears in 1 contract

Samples: Loan and Security Agreement (Gander Mountain Co)

Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower; within Ten (10) days following the earlier of the Borrower’s 's knowledge of a breach of any covenant or Liability not described in any of Sections 11.1, 11.2, or 11.3 or of its receipt of written notice from the Agent of the breach of any of such covenants or Liabilities to perform discharge or comply with any such covenants or liabilities.

Appears in 1 contract

Samples: Loan and Security Agreement (Gander Mountain Co)

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Failure to Perform Covenant or Liability (Grace Period. The failure by the Borrower; Obligors, within Ten Thirty (1030) days following the earlier of the Borrower’s Obligors’ knowledge of a breach of any covenant or Liability not described in any of Sections 11.110.1, 11.210.2, or 11.3 10.3 or of its the Lead Borrower’s receipt of written notice from the Administrative Agent of the breach of any of such covenants or Liabilities thereof, to perform promptly, punctually, faithfully and timely perform, discharge or comply with any such covenants covenant or liabilitiesLiability not otherwise described in Sections 10.1, 10.2, or 10.3.

Appears in 1 contract

Samples: Loan and Security Agreement (Mothers Work Inc)

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