Common use of Failure to Perform Covenants Clause in Contracts

Failure to Perform Covenants. Other than in respect of those covenants referred to in section 8.1(4), any Obligor shall fail to perform or observe any covenant contained in this agreement or any other Gold Facility Document on its part to be performed or observed or otherwise applicable to it; provided that, if such failure is capable of being remedied, no Event of Default shall have occurred as a result thereof unless and until such failure shall have remained unremedied for seven days after the earlier of (i) written notice thereof has been given to the Facility User by the Facility Provider, and (ii) such time as the relevant Obligor is aware of same.

Failure to Perform Covenants. Other than in respect of those covenants referred to in section 8.1(4), any Obligor shall fail to perform or observe any covenant contained in this agreement or any other Gold Credit Facility Document on its part to be performed or observed or otherwise applicable to it; provided that, if such failure is capable of being remedied, no Event of Default shall have occurred as a result thereof unless and until such failure shall have remained unremedied for seven days after the earlier of (i) written notice thereof has been given to the Facility User Borrowers by the Facility ProviderBridge Lender, and (ii) such time as the relevant Obligor is aware of same.