Failure to Comply with Certain Covenants Clause Samples
The "Failure to Comply with Certain Covenants" clause defines the consequences and procedures that apply when a party does not fulfill specific promises or obligations outlined in an agreement. Typically, this clause identifies which covenants are covered, describes what constitutes a breach, and may outline steps such as notice and cure periods before further action is taken. Its core function is to provide a clear framework for addressing non-compliance, thereby protecting the interests of the non-breaching party and promoting adherence to the contract's terms.
Failure to Comply with Certain Covenants. The failure of the Borrower to perform, observe or comply, or to cause any Subsidiary Guarantor to perform, observe or comply, as appropriate, with any covenant, condition or agreement contained in Sections 6.1.1(Financial Statements),Section 6.1.3
(a) (Bookkeeping, Rights of Inspection, Field Examination, Etc.) with respect to inspection rights only, Section 6.1.8(Insurance),Section 6.1.13(Financial Covenants), Section 6.1.17(Insurance with Respect to Equipment),Section 6.1.19 (Defense of Title anD Further Assurances), Section 6.1.19 (Business Names; Locations), or Section 6.2 (Negative Covenants).
Failure to Comply with Certain Covenants. Borrower shall fail to perform, observe or comply with any covenant, condition or agreement contained in Sections 7.1, 7.6, 7.7, 7.10, 7.15, 7.18, 7.19, 7.21, 7.22, 7.23, 7.25, 7.26, 7.27, 7.28, 7.29, 7.30 and all Article VIII of this Agreement.
Failure to Comply with Certain Covenants. The failure of the Borrower to perform, observe or comply with any covenant, condition or agreement contained in Sections 6.1.1 (Financial Statements), 6.
Failure to Comply with Certain Covenants. The failure of the Obligors to perform, observe or comply with any of the provisions of Section 6.1.1 (Financial Statements) and 6.1.2 (Reports to SEC and Stockholders) of this Agreement or of Section 6.2 (Negative Covenants) of this Agreement.
Failure to Comply with Certain Covenants. Default by the Borrower in the performance of any of the agreements and covenants set forth in Section 5.9 or in Article VI hereof or default by any of the Subsidiaries in the performance of the material agreements and material covenants set forth in the other Loan Documents to which it is a party.
Failure to Comply with Certain Covenants. If the Company fails to perform any of its obligations under Section 7.1 of that certain Option Agreement, dated as of even date hereof, and by and among the Company, the Holder and the “Holder” parties thereto.
Failure to Comply with Certain Covenants. 41 6.1.4 Failure to Comply with Other Covenants. 41 6.1.5 Default Under Other Financing Documents or Obligations. 41 6.1.6 Receiver; Bankruptcy. 41 6.1.7 Involuntary Bankruptcy, etc. 42 6.1.8 Judgment. 42 6.1.9 Default Under Other Borrowings. 42 6.1.10
Failure to Comply with Certain Covenants. The failure of the Borrowers or any of their Subsidiaries to perform, observe or comply with any covenant, condition or agreement contained in Sections 6.1.1 (Financial Statements), Section 6.1.1
(a) (Recordkeeping, Rights of Inspection, Field Examination, Etc.) with respect to inspection rights only, Section 144
Failure to Comply with Certain Covenants. Default in the performance of any of the agreements and covenants set forth in Article III or in Article VI hereof, except for Sections 6.8 and 6.9 hereof.
Failure to Comply with Certain Covenants. The failure of the Borrower, ▇▇▇▇▇ UK or Norwich to perform, observe or comply, or the Borrower to cause any Subsidiary Guarantor to perform, observe or comply, as appropriate, with any covenant, condition or agreement contained in (A)