Common use of Financial Covenant Defaults Clause in Contracts

Financial Covenant Defaults. Subject to the Limitation in Section 8.7 below, if Borrower fails to perform, comply with or observe with respect to the covenants contained in Section 6.7, and such failure continues for five (5) Business Days after the occurrence thereof;

Appears in 5 contracts

Samples: Loan Documents (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services, Inc.), Loan and Security Agreement (Newtek Business Services, Inc.)

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Financial Covenant Defaults. Subject to the Limitation in Section 8.7 below, if If Borrower fails to perform, comply with or observe with respect to the covenants contained in Section 6.7, and such failure continues for five (5) Business Days after the occurrence thereof;; or (e)

Appears in 2 contracts

Samples: Loan and Security Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services Corp.)

Financial Covenant Defaults. Subject to the Limitation in Section 8.7 below, if Borrower fails to perform, comply with or observe with respect to the covenants contained in Section 6.76.8(a) by virtue of Distributions to the Guarantor, and such failure continues for five (5) Business Days after the occurrence thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

Financial Covenant Defaults. Subject to the Limitation in Section 8.7 below, if Borrower fails to perform, comply with or observe with respect to the covenants contained in Section 6.7, and such failure continues for five (5) Business Days after the occurrence thereof;thereof;Financial Information. If any statement, report, financial statement, or certificate made or delivered by Borrower or any of its officers, employees or agents, to Lender is not true and correct, in all material respects, when made; or Delivery of SBA 7(a)

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

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Financial Covenant Defaults. Subject subject to the Limitation in Section 8.7 8.6 below, if either Borrower fails to perform, comply with or observe with respect to the covenants contained in Section 6.76.8, and such failure continues for five (5) Business Days after the occurrence thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

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