Common use of Covenant Breaches Clause in Contracts

Covenant Breaches. (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.3, 5.4, 5.6, or 5.10(c) or Article VI of this Agreement, or (ii) the Borrower or any Guarantor shall fail to perform or observe any term or covenant set forth in any Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 if such failure shall remain unremedied for 30 days after the earlier of the date written notice of such default shall have been given to the Borrower or such Guarantor by the Administrative Agent or any Bank or the date a Responsible Officer of the Borrower or any Guarantor has actual knowledge of such default;

Appears in 1 contract

Samples: Credit Agreement (Varco International Inc /De/)

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Covenant Breaches. The Borrower shall (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.3Section 5.01, 5.45.03, 5.65.08 or 5.11, or 5.10(c) or Article VI VI, of this Agreement, Agreement or (ii) the Borrower or any Guarantor shall fail to perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 7.01 if such failure shall remain unremedied for 30 thirty (30) days after the earlier of the date (A) written notice of such default shall have been given to the Borrower or such Guarantor by the Administrative Agent or any Bank Lender, or the date (B) a Responsible Officer of the Borrower or any Guarantor has Borrower’s actual knowledge of such default;

Appears in 1 contract

Samples: Credit Agreement (Corpbanca/Fi)

Covenant Breaches. The Borrower shall (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.3Section 5.01, 5.45.03, 5.65.05(g), 5.08 or 5.11, or 5.10(c) or Article VI VI, of this Agreement, Agreement or (ii) the Borrower or any Guarantor shall fail to perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 7.01 if such failure shall remain unremedied for 30 days after the earlier of the date (A) written notice of such default shall have been given to the Borrower or such Guarantor by the Administrative Agent or any Bank Lender, or the date (B) a Responsible Officer of the Borrower or any Guarantor has Borrower’s actual knowledge of such default;

Appears in 1 contract

Samples: Credit Agreement (Corpbanca/Fi)

Covenant Breaches. The Borrower shall (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.3Section 5.01, 5.4, 5.65.03 or 5.08, or 5.10(c) or Article VI VI, of this Agreement, Agreement or (ii) the Borrower or any Guarantor shall fail to perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 7.01 if such failure shall remain unremedied for 30 thirty days after the earlier of the date (A) written notice of such default shall have been given to the Borrower or such Guarantor by the Administrative Agent or any Bank Lender, or the date (B) a Responsible Officer of the Borrower or any Guarantor has Borrower’s actual knowledge of such default;

Appears in 1 contract

Samples: Credit Agreement (Corpbanca/Fi)

Covenant Breaches. The Borrower or any other Credit Party shall (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.3, 5.4, 5.6, or 5.10(c) or Section 5.2 and Article VI of this Agreement, Agreement or (ii) the Borrower or any Guarantor shall fail to perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 if such failure shall remain unremedied for 30 days after the earlier of the date (A) written notice of such default shall have been given to the Borrower or such Guarantor by the Administrative Agent or any Bank Term Lender or the date a Responsible Officer of the Borrower or (B) any Guarantor has actual knowledge of such defaultdefault by a Responsible Officer;

Appears in 1 contract

Samples: Security Agreement (Pride International Inc)

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Covenant Breaches. A Borrower or any other Loan Party shall (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.35.02, 5.45.05(a), 5.65.05(b), or 5.10(c) or and Article VI of this Agreement, Agreement or (ii) the Borrower or any Guarantor shall fail to perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 7.01 if such failure shall remain unremedied for 30 days after from the earlier of the date written notice of such default shall have been given to the Borrower or such Guarantor by Company from the Administrative Agent or any Bank Lender or the date of actual knowledge of such default by a Responsible Officer of the Borrower Company or any Guarantor has actual knowledge of such defaultits Subsidiaries;

Appears in 1 contract

Samples: Credit Agreement (Global Industries LTD)

Covenant Breaches. The Borrower shall (i) The Borrower shall fail to perform ----------------- or observe any covenant contained in Sections 5.3Section 5.01, 5.45.03, 5.65.09 or 5.12, or 5.10(c) or Article VI VI, of this Agreement, Agreement or (ii) the Borrower or any Guarantor shall fail to perform or observe any other term or covenant set forth in this Agreement or in any other Credit Document which is not covered by clause (i) above or any other provision of this Section 7.1 7.01 if such failure shall remain unremedied for 30 thirty (30) days after the earlier of the date (A) written notice of such default shall have been given to the Borrower or such Guarantor by the Administrative Agent or any Bank Lender, or the date (B) a Responsible Officer of the Borrower or any Guarantor has Borrower’s actual knowledge of such default;

Appears in 1 contract

Samples: Credit Agreement (Corpbanca/Fi)

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