When Continuing Clause Samples
The "When Continuing" clause defines the circumstances under which an agreement, obligation, or process remains in effect beyond a certain event or period. Typically, this clause outlines specific conditions or actions that must occur for the contract or its provisions to continue, such as the fulfillment of certain requirements or the absence of termination triggers. Its core practical function is to provide clarity and predictability regarding the ongoing applicability of contractual terms, thereby preventing disputes about whether obligations persist after key events.
When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Lenders in accordance with Section 9.02, or (b) is waived in writing by the Lenders in accordance with Section 9.02.
When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Lenders in accordance with Section 9.02, or (b) is waived in writing by the Lenders in accordance with Section 9.02. For all purposes under this Agreement, each event described in Section 7.02 that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Tranche B Lenders in accordance with Section 9.02 or (b) is waived in writing by the Tranche B Lenders in accordance with Section 9.02.
When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Required Tranche A Lenders or (b) is waived in writing by the Required Tranche A Lenders. For all purposes under this Agreement, each Event of Super-Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Required Tranche B Lenders and the Required Tranche C Lenders or (b) is waived in writing by the Required Tranche B Lenders and the Required Tranche C Lenders. THE AGENTS
When Continuing. SECTION 7.3.......................................
When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected, or (b) is waived by the Lender.
When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected (for the avoidance of doubt (i) financial performance covenants which are tested as of a date certain cannot be cured, (ii) Defaults for which there is no grace period may not be cured and (iii) Defaults for which there is a grace period, may not be cured after the expiration of such grace period), or (b) is waived in writing by the Required Lenders in accordance with Section 9.02.