Common use of Non-Compliance with Loan Documents Clause in Contracts

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.7, 6.3(b) and (c), 6.5, 6.7, and 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 6 contracts

Samples: Credit Agreement (PNG Ventures Inc), Credit Agreement (Earth Biofuels Inc), Control Agreement (Earth Biofuels Inc)

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Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.76.1.6, 6.3(b) and (c), 6.5, 6.7, 6.8 and 7; (b) default by the Asset Purchaser in any material respect of any of its obligations under the Asset Purchase Documents or (bc) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (bc) for 30 days.

Appears in 5 contracts

Samples: Credit Agreement (Merus Labs International Inc.), Credit Agreement (PDL Biopharma, Inc.), Credit Agreement (Merus Labs International Inc.)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a)6.1.6, 6.1.7, 6.1.9, 6.3(b) and (c6.3(c), 6.5, 6.7, 6.8, 6.9 and Section 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 4 contracts

Samples: Credit Agreement (Atlas Industries Holdings LLC), Credit Agreement (Atlas Industries Holdings LLC), Credit Agreement (Atlas Industries Holdings LLC)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.110.1.1, 6.1.210.1.2, 6.1.310.1.3, 6.1.410.1.4, 6.1.5(a10.1.5, 10.2, 10.3(b), 6.1.710.5, 6.3(b) and (c)10.6, 6.510.8, 6.710.10, and 7; 10.11, 10.12, or 10.13, or Section 11, or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 daysor more days after the earlier of (i) the date any Loan Party knows or reasonably should have known of such failure or (ii) the date of receipt by Borrower Representative (or any Borrower) of notice from the Required Lenders of such failure.

Appears in 2 contracts

Samples: Credit Agreement (AgileThought, Inc.), Credit Agreement (AgileThought, Inc.)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.110.1.1, 6.1.210.1.2, 6.1.310.1.3, 6.1.410.1.5, 6.1.5(a10.1.6, 10.3(b) (solely as such section relates to the maintenance of insurance at all times), 6.1.7, 6.3(b) and (c), 6.5, 6.7, and 710.5 or 10.10 or Section 11; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 days.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Continental Materials Corp)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.110.1.5, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.7, 6.3(b) and (c), 6.5, 6.7, and 710.3 or 10.5 or Section 11; or (b) failure by Borrower any Loan Party to comply with or perform any other covenant set forth in Sections 10.1.1, 10.1.2 and 10.1.3 and continuance of such failure described in this clause (b) for fifteen (15) days or (c) failure by any Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (bc) for 30 thirty (30) days.

Appears in 2 contracts

Samples: Credit Agreement (Huron Consulting Group Inc.), Credit Agreement (Huron Consulting Group Inc.)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a6.3.2(a), 6.1.7, 6.3(b) and (c6.3.2(b), 6.56.3.2(c), 6.710.1, and 710.2, 10.3, 10.4 10.5, 10.6, 10.10, 10.12, or Section 11; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13 for which no other grace period is specified) and continuance of such failure described in this clause (b) for 30 consecutive days.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Financial Services Inc), Credit Agreement (Pioneer Financial Services Inc)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a)6.1.6, 6.1.7, 6.1.8, 6.2, 6.3(b) and (c), 6.3(c), 6.4(d), 6.5, 6.7, 6.9, 6.10, 6.11 and 7Section 7 applicable to it; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (5.11 Abr Corp.)

Non-Compliance with Loan Documents. (a) (a) Failure by any Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a6.l.5(a), 6.1.76.1.6, 6.1.8, 6.3(b) and (c), 6.5, 6.7, 6.8 and 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 daysdays following the earlier of (a) any Loan Party receiving written notice thereof or (b) any Loan Party acquiring actual knowledge thereof.

Appears in 1 contract

Samples: Credit Agreement (Rosetta Stone Inc)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.110.1.1, 6.1.210.1.2, 6.1.310.1.3, 6.1.410.1.5, 6.1.5(a10.1.6, 10.3(b) (solely as such section relates to the maintenance of insurance at all times), 6.1.710.5, 6.3(b) and (c)10.10, 6.5, 6.7, and 710.11 or Section 11; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Continental Materials Corp)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.7, 6.3(b) and (c), 6.5, 6.7, and 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (PNG Ventures Inc)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.110.1.5, 6.1.210.3(b) or 10.5 or Section 11 and, 6.1.3in the case of any such failure capable of cure, 6.1.4, 6.1.5(a), 6.1.7, 6.3(bthe continuance of such failure described in this clause (a) and (c), 6.5, 6.7, and 7for 10 days; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Option Care Inc/De)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a)6.1.9, 6.1.6, 6.1.7, 6.3(b) and (c6.3(c), 6.5, 6.7, 6.7 and Section 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Compass Diversified Trust)

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Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.110.1.1, 6.1.210.1.2, 6.1.310.1.3, 6.1.410.1.5, 6.1.5(a10.2, 10.3(b), 6.1.710.5, 6.3(b) and (c)10.6, 6.510.10, 6.710.11, and 7; 10.12, 10.13, 10.16, 10.17, 10.18, 10.19, or Section 11, or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 daysor more days after the earlier of (i) the date any Loan Party knows or reasonably should have known of such failure or (ii) the date of receipt by Borrower Representative (or any Borrower) of notice from Administrative Agent or Required Lenders of such failure.

Appears in 1 contract

Samples: Credit Agreement (AgileThought, Inc.)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party Holdings to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.76.1.6, 6.3(b) and (c), 6.5, 6.7, 6.9 and 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Dwyer Group Inc)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.76.1.6, 6.1.8, 6.3(b) and (c), 6.5, 6.7, 6.8(b), and 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Assignment Agreement (Compass Group Diversified Holdings LLC)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a10.1(a), 6.1.7, 6.3(b) and (c10.1(b), 6.510.1(c), 6.710.1(d), and 710.1(e)(i), 10.1(f), 10.1(g), 10.3(ii), 10.5, 10.6, 10.11 or Section 11; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (A-Mark Precious Metals, Inc.)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party Co-Borrower to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a)6.1.6, 6.1.76.1.8, 6.1.10, 6.2, 6.3(b) and (c6.3(c), 6.4(d), 6.5, 6.7, 6.9, 6.10, 6.11 and Section 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Fox Factory Holding Corp)

Non-Compliance with Loan Documents. (a) (a) Failure by any Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a), 6.1.6, 6.1.7, 6.1.8, 6.3(b) ), (c), and (cd), 6.5, 6.7, 6.9, 6.13 and 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 15 days.

Appears in 1 contract

Samples: Credit Agreement (Focus Venture Partners, Inc)

Non-Compliance with Loan Documents. (a) (a) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a6.1.6, 6.1.8, 6.1.10, 6.2, 6.3(b), 6.1.76.3(c), 6.3(b) and (c6.4(d), 6.5, 6.7. 6.10, 6.11 and Section 7; or (b) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document (other than the Maintenance Agreement) applicable to it (and not constituting an Event of Default under any other provision of this Section 8) and continuance of such failure described in this clause (b) for 30 days.

Appears in 1 contract

Samples: Credit Agreement (Staffmark Holdings, Inc.)

Non-Compliance with Loan Documents. (a) (ai) Failure by Borrower or any other Loan Party to comply with or to perform any covenant set forth in Sections 6.1.1, 6.1.2, 6.1.3, 6.1.4, 6.1.5(a10.1(a), 6.1.7, 6.3(b) and (c10.1(b), 6.510.1(c), 6.710.1(d), and 7; 10.1(e)(i), 10.1(f), 10.1(h), 10.3(b), 10.5, 10.6 or Section 11 or (bii) failure by Borrower or any other Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document applicable to it (and not constituting an Event of Default under any other provision of this Section 8) 13) and continuance of such failure described in this clause (bii) for 30 thirty (30) days.

Appears in 1 contract

Samples: Credit Agreement (Primoris Services Corp)

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