Common use of Particular Covenant Defaults Clause in Contracts

Particular Covenant Defaults. if the Borrower fails to perform or observe any covenant or undertaking contained in this Agreement, (other than with respect to the covenants contained in Sections 5.7(b), 6.1 through 6.15 and Sections 7.1 through 7.4 inclusive, as to which no notice and cure period shall be applicable), and such breach is not cured within fifteen (15) days of the Borrower's receipt of notice thereof from the Administrative Agent, or if such breach could not be cured by the Borrower due to circumstances beyond the Borrower's control within such fifteen (15) day period, for such longer period as may be necessary for the Borrower to cure such default (in no event to exceed a total of thirty (30) days from any such notice) so long as the Borrower is diligently taking all necessary steps to cure any such default(s); or

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

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Particular Covenant Defaults. if the Borrower fails to perform or observe any covenant or undertaking contained in this Agreement, (other than with respect to the covenants contained in Sections 5.7(b), 6.1 through 6.15 and Sections 7.1 through 7.4 7.6 inclusive, as to which no notice and cure period shall be applicable), and such breach is not cured within fifteen (15) days of the Borrower's receipt of notice thereof from the Administrative Agent, or if such breach could not be cured by the Borrower due to circumstances beyond the Borrower's control within such fifteen (15) day period, for such longer period as may be necessary for the Borrower to cure such default (in no event to exceed a total of thirty (30) days from any such notice) so long as the Borrower is diligently taking all necessary steps to cure any such default(s); or

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

Particular Covenant Defaults. if the The Borrower fails to perform or observe any covenant or undertaking contained in this Agreement, (other than with respect to the covenants contained in Sections 5.7(b5.6(b), 6.1 through 6.15 6.14 and Sections 7.1 through 7.4 7.3 inclusive, as to which no notice and cure period shall be applicable), and such breach is not cured within fifteen (15) days of the Borrower's ’s receipt of notice thereof from the Administrative Agent, or if such breach could not be cured by the Borrower due to circumstances beyond the Borrower's ’s control within such fifteen (15) day period, for such longer period as may be necessary for the Borrower to cure such default (in no event to exceed a total of thirty (30) days from any such notice) so long as the Borrower is diligently taking all necessary steps to cure any such default(s); or

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

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Particular Covenant Defaults. if the The Borrower fails to perform or observe any covenant or undertaking contained in this Agreement, (other than with respect to the covenants contained in Sections 5.7(b), 6.1 through 6.15 and Sections 7.1 through 7.4 inclusive, as to which no notice and cure period shall be applicable), and such breach is not cured within fifteen (15) days of the Borrower's receipt of notice thereof from the Administrative Agent, or if such breach could not be cured by the Borrower due to circumstances beyond the Borrower's control within such fifteen (15) day period, for such longer period as may be necessary for the Borrower to cure such default (in no event to exceed a total of thirty (30) days from any such notice) so long as the Borrower is diligently taking all necessary steps to cure any such default(s); or

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

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