Common use of Failure to Comply with Obligations Clause in Contracts

Failure to Comply with Obligations. The Borrower fails to comply with any of its obligations under this Agreement or any other Financing Document or any other agreement between the Borrower and any Senior Lender (other than for the payment of any amount due under any Financing Document or any other loan from any Senior Lender to the Borrower) and, other than with respect to the obligations set forth in Sections 5.02(t) (Negative Covenants; Sanctionable Practices), 5.02(u) (Negative Covenants; UN Security Council Resolutions) and Section 5.02(aa) (Prohibited Activities), any such failure continues for a period of thirty (30) days after the date on which any Finance Party notifies the Borrower of that failure.

Appears in 2 contracts

Sources: Common Terms Agreement (Central Puerto S.A.), Common Terms Agreement (Central Puerto S.A.)