Exceptions to Covenants. No Obligor shall be deemed to be permitted to take any action or to fail to take any action that is permitted as an exception to any covenant in any Loan Papers, or that is within the permissible limits of any covenant, if such action or omission would result in a violation of any other covenant in any Loan Papers.
Appears in 16 contracts
Sources: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Pacific Gateway Exchange Inc), Credit Agreement (Pacific Gateway Exchange Inc)
Exceptions to Covenants. No Obligor Obligors shall not be deemed to be permitted to take any action or to fail to take any action that which is permitted as an exception to any covenant in any Loan Papers, or that is within of the permissible limits of any covenant, covenants contained herein if such action or omission would result in a violation the breach of any other covenant in any Loan Paperscontained herein.
Appears in 1 contract
Sources: Security Agreement (Secured Financial Network, Inc.)