Common use of Failure to Perform Obligations Clause in Contracts

Failure to Perform Obligations. Any failure by Borrower to comply with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)above), and such default shall continue for a period of twenty calendar days from the earlier of (i) Borrower’s failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s notice to Borrower of such Event of Default.

Appears in 6 contracts

Samples: Credit Agreement (Infosonics Corp), Credit Agreement (Cutter & Buck Inc), Credit Agreement (Design Within Reach Inc)

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Failure to Perform Obligations. Any failure by Borrower to comply with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)abovea) above), and such default shall continue for a period of twenty calendar days from the earlier of (i) Borrower’s 's failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s 's notice to Borrower of such Event of Default.

Appears in 4 contracts

Samples: Credit Agreement (Jalate LTD Inc), Credit Agreement (National Scientific Corp/Az), Jalate LTD Inc

Failure to Perform Obligations. Any failure by Borrower to comply with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)above), and such default shall continue for a period of twenty calendar days from the earlier of (i) Borrower’s 's failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s 's notice to Borrower of such Event of Default.

Appears in 4 contracts

Samples: Credit Agreement (Southwall Technologies Inc /De/), Credit Agreement (Southwall Technologies Inc /De/), Credit Agreement (Key Technology Inc)

Failure to Perform Obligations. Any failure by Borrower to comply with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)abovea) above), and such default shall continue for a period of twenty calendar days from the earlier of (i) Borrower’s failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s notice to Borrower of such Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Design Within Reach Inc), Credit Agreement (Semitool Inc)

Failure to Perform Obligations. Any failure by Borrower to comply with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)above), and such default shall continue for a period of twenty thirty (30) calendar days from the earlier of (i) Borrower’s 's failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s 's notice to Borrower of such Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Cymer Inc)

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Failure to Perform Obligations. Any failure by Borrower to comply with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)abovea) above), and such default shall continue for a period of twenty calendar days from the earlier of (i) Borrower’s Borrowers failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s 's notice to Borrower of such Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Jalate LTD Inc)

Failure to Perform Obligations. Any failure by Borrower to comply ------------------------------ with any covenant or obligation in this Agreement or in any Loan Document (other than those referred to in subsection (a)above), and such default shall continue for a period of twenty calendar days from the earlier of (i) Borrower’s 's failure to notify Trade Bank of such Event of Default pursuant to Section 4.2(a) above, or (ii) Trade Bank’s 's notice to Borrower of such Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Somera Communications Inc)

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