Common use of Particular Covenant Defaults Clause in Contracts

Particular Covenant Defaults. (i) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in Section 6.06 of this Agreement, or (ii) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in this Agreement not otherwise described in this Section 8.01, and such failure continues for a period of five (5) Business Days after the earlier of a Borrower becoming aware of such failure or a Borrower receiving written notice of such failure;

Appears in 3 contracts

Samples: Credit Agreement (Adcare Health Systems, Inc), Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc)

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Particular Covenant Defaults. (i) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in Section 6.06 of this Agreement, or (ii) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in this Agreement not otherwise described in this Section 8.018.1, and such failure continues for a period of five (5) Business Days after the earlier of a Borrower becoming aware of such failure or a Borrower receiving written notice of such failure;; or

Appears in 2 contracts

Samples: Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Healthessentials Solutions Inc)

Particular Covenant Defaults. (i) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in Section 6.06 of this Agreement, or (ii) if any Borrower fails Borrowers fail to perform, comply with or observe any covenant or undertaking contained in this Agreement not otherwise described in this Section 8.018.1, and such failure continues for a period of five ten (510) Business Days after the earlier of a Borrower Borrowers becoming aware of such failure or a Borrower receiving Borrowers receipt of written notice of such failure;failure from Lender; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Providence Service Corp), Loan and Security Agreement (Providence Service Corp)

Particular Covenant Defaults. (i) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in Section 6.06 of this Agreement, or (ii) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in this Agreement or any other Loan Discount not otherwise described in this Section 8.017.01, and such failure continues for a period of five (5) Business Days after the earlier of a Borrower becoming aware of such failure or a Borrower receiving written notice of such failure; provided, however, that the five (5) Business Day grace period shall not be applicable to the failure to perform, comply with or observe the covenants set forth in Sections 5.04, 5.06 and 5.07);

Appears in 1 contract

Samples: Senior Credit Agreement (Minrad International, Inc.)

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Particular Covenant Defaults. (i) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in Section 6.06 of this Agreement, or (ii) if any Borrower fails to perform, comply with or observe any covenant or undertaking contained in this Agreement or any other Loan Document not otherwise described in this Section 8.01, and such failure continues for a period of five ten (510) Business Days after the earlier of a Borrower becoming aware of such failure or a Borrower receiving written notice of such failure;

Appears in 1 contract

Samples: Credit Agreement (Prospect Medical Holdings Inc)

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