Common use of Breach of other obligations Clause in Contracts

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen thirty (1430) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 10.1.1 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents to which it is a party or any of the Underlying Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Bank is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Bank may require shall not have been taken within fourteen (14) days of the Agent Bank notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents to which it is a party (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the BanksLenders) is capable of remedy, such action as the Agent (acting on the instructions of the Majority BanksLenders) may require shall not have been taken within fourteen (14) days of the Agent notifying the Borrowers and the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings (including, without limitation, any Financial Covenant) expressed to be assumed by it under any of the Security Documents or any of the Underlying Documents (other than those referred to in clauses 10.1.1, 10.1.2 10.1.1 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Banks is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Banks may require shall not have been taken within fourteen (14) days of the Agent Banks notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party or any Manager commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with acting on the instructions of the Majority Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party or the relevant Manager of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 Clauses 9.1(a) (Non‑payment) and 10.1.3 above9.1(b) (Breach of Insurance and certain other obligations)) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Lender is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Lender may require shall not have been taken within fourteen fifteen (1415) days of the Agent Lender notifying in writing the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to elsewhere in clauses 10.1.1, 10.1.2 and 10.1.3 abovethis clause 10.1) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with acting on the instructions of the Majority Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.1 and 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen five (145) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.1 and 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.18.1.1, 10.1.2 8.1.2 and 10.1.3 8.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 Clauses 9.1(a) (Non‑payment) and 10.1.3 9.1(b) (Breach of Insurance and certain other obligations) above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Lender is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Lender may require shall not have been taken within fourteen twenty (1420) days of the Agent Lender notifying in writing the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 Clauses 9.l(a) (Non‑payment) and 10.1.3 9.1(b) (Breach of Insurance and certain other obligations) above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Lender is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Lender may require shall not have been taken within fourteen fifteen (1415) days of the Agent Lender notifying in writing the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.1 to 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Facility Agent (following consultation with acting on the Banksinstructions of the Lenders) is capable of remedy, such action as the Facility Agent (acting on the instructions of the Majority BanksLenders) may require shall not have been taken within fourteen (14) days of the Facility Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.1 and 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the BanksLenders) is capable of remedy, such action as the Agent (acting on the instructions of the Majority BanksLenders) may require shall not have been taken within fourteen ten (1410) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 10.1.1 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with acting on the instructions of the Majority Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 15.1.1 and 10.1.3 above15.1.2) and, in respect of any such breach or omission which in the reasonable opinion of the Facility Agent (following consultation with acting on the Banksinstructions of the Majority Lenders) is capable of remedy, such action as the Facility Agent (acting on the instructions of the Majority BanksLenders) may require shall not have been taken within fourteen fifteen (1415) days of the Facility Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.1 and 10.1.2 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen thirty (1430) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 10.1.1 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen thirty (1430) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 10.11 and 10.1.3 above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 10.1.1 and 10.1.3 above10.1.2) which are considered by the Majority Banks to be material and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Majority Banks is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Banks may require shall not have been taken within fourteen thirty (1430) days of the Facility Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) and, and in respect of any such breach or omission which in the opinion of the Agent (following consultation with acting on the instructions of the Majority Banks) is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) may require shall not have been taken within fourteen (14) days of the Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 Clauses 9.1(a) (Non-payment) and 10.1.3 9.1(b) (Breach of Insurance and certain other obligations) above) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Lender is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Lender may require shall not have been taken within fourteen fifteen (1415) days of the Agent Lender notifying in writing the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 15.1.1 and 10.1.3 above15.1.2) and, in respect of any such breach or omission which in the reasonable opinion of the Facility Agent (following consultation with acting on the Banksinstructions of the Majority Lenders) is capable of remedy, such action as the Facility Agent (acting on the instructions of the Majority BanksLenders) may require shall not have been taken within fourteen ten (1410) days of the Facility Agent notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1, 10.1.2 and 10.1.3 above) or the Underlying Documents and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Banks is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Banks may require shall not have been taken within fourteen (14) days of the Agent and/or the Banks notifying the relevant Security Party of such default and of such required action; or

Breach of other obligations. any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Finance Documents (other than those referred to in clauses 10.1.1, 10.1.2 Clauses 9.1(a) (Non-payment) and 10.1.3 above9.1(b) (Breach of Insurance and certain other obligations)) and, in respect of any such breach or omission which in the opinion of the Agent (following consultation with the Banks) Lender is capable of remedy, such action as the Agent (acting on the instructions of the Majority Banks) Lender may require shall not have been taken within fourteen fifteen (1415) days Business Days of the Agent Lender notifying in writing the relevant Security Party of such default and of such required action; or