Covenant Breaches definition
Examples of Covenant Breaches in a sentence
The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants, Covenant Breaches and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.
The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default or Covenant Breaches with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.
In the case of a breach of a Fundamental Representation(s) and/or a Covenant Breach(es), the indemnification obligations of an Indemnifying Party to all of its or his Indemnified Parties, collectively, under this Article VI shall not exceed, in the aggregate, $1,500,000.
For the avoidance of doubt, the limitations on indemnification set forth in the foregoing proviso shall not apply to any indemnification by Buyer for Buyer Covenant Breaches, and the amount of any Damages with respect to Buyer Covenant Breaches shall not be included in the calculation of either the Threshold Amount or the Cap.
The provision of Sections 14.3(a)(ii) (Specific Provision), 14.3(a)(iii) (Third Party Rights) and 14.3(a)(vi) (Disclosure) shall not apply to Interim Covenant Breaches and other Pre-Closing Breaches.
From and after the Closing, absent fraud or intentional misconduct, Article 9 shall provide the sole and exclusive remedy (x) in the case of Buyer, for any Warranty Breaches or Covenant Breaches, and (y) in the case of Sellers, for any Buyer Warranty Breaches or Buyer Covenant Breaches.
INDEMNITIES 40 14.1 Indemnification for Representations and Warranties 40 14.2 Survival of Representations and Warranties and Time Limitations 40 14.3 Limitations on Amount 40 14.4 Indemnification for Covenant Breaches and Assumed/Excluded Liabilities 41 14.5 Procedure for Indemnification – Third Party Claims 41 15.
EVENTS OF DEFAULT 78 SECTION 10.1. Payment 78 SECTION 10.2. Misrepresentation 78 SECTION 10.3. [Reserved.] 78 SECTION 10.4. Attachment, Etc 78 SECTION 10.5. Covenant Breaches 78 SECTION 10.6. Judgments 79 SECTION 10.7. Insolvency 79 SECTION 10.8. Material Adverse Effect 79 SECTION 10.9. The Administrative Agent’s Lien Priority 79 SECTION 10.10.