DEFAULTS BY BORROWER. 13.01 The occurrence of any condition that would for any reason disable or prevent Borrower from complying with the terms and provisions of this Agreement within the time and in the manner required and which has not been cured or corrected prior to the expiration of the applicable grace, notice or cure periods. The existence of any collusion or bad faith by or with the acquiescence of Borrower with any third party relating to the securing of the Agreement or in the securing of any advance of loan proceeds.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Specialty Contractors, Inc.), Revolving Credit Arrangement (Specialty Contractors, Inc.)