Failure to Perform Other Liabilities Sample Clauses

Failure to Perform Other Liabilities. Any Borrower shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan Document (other than as provided in Sections 12-1, 12-2 and 12-3 above), and such default shall continue unremedied for a period of thirty (30) calendar days after the earlier of (i) the date on which a Responsible Officer of any Borrower first learns of such failure or (ii) the date on which written notice of such failure shall have been given to any Borrower by the Administrative Agent, plus such additional time as may be required to cure such default because of delays which are beyond the control of the Borrowers, so long as such default is susceptible of being cured and the Borrowers are acting in good faith and are making diligent efforts to cure such default and are keeping the Administrative Agent apprised of such efforts, provided, however: (a) it is understood that any default which may be cured by the payment of money which the Borrowers do not have shall not be considered a circumstance beyond the control of the Borrowers; and (b) the entire cure period under Section 12-4 shall not exceed the aggregate of sixty (60) calendar days and shall not apply to any event which is otherwise an Event of Default pursuant to any other clause of this Article 12; or
View SourceView Similar (3)
Failure to Perform Other Liabilities. Any Borrower shall default in the performance of or compliance with any term, condition, covenant or agreement (other than those listed in Section 12-3) to be performed or observed by it under this Agreement or under any other Loan Document and such default shall continue for a period of ten (10) days or more.
View SourceView Similar (2)

Related to Failure to Perform Other Liabilities

  • Failure to Perform In the event of a failure of performance due under this Agreement and if it becomes necessary for either party to undertake legal action against the other on account thereof, then the prevailing party shall be entitled to reasonable attorney’s fees in addition to costs and necessary disbursements.

  • Parties to Perform Obligations 16.4.1 Notwithstanding the existence of any Dispute and difference referred to the Appropriate Commission and save as the Appropriate Commission may otherwise direct by a final or interim order, the Parties hereto shall continue to perform their respective obligations (which are not in dispute) under this Agreement.

  • No Other Liabilities The Company has no actual or contingent obligations or liabilities (in any capacity including as principal contracting party or guarantor) in relation to any lease, licence or other interest in, or agreement relating to, land apart from the Properties.

  • Breach of other obligations any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1 and 10.1.2 above) unless such breach or omission, in the opinion of the Agent (following consultation with the Banks) is capable of remedy, in which case the same shall constitute an Event of Default if it has not been remedied within fifteen (15) days of the occurrence thereof; or

  • Other Liabilities Local Church represents and warrants that is has no loans, leases or other debts secured by the Real Property or Personal Property, except those matters set out Schedule 3.2, and that if any debts exist, secured or unsecured, it shall either satisfy all of its debts, loans, and liabilities, or assign or transfer such obligations to its new operating entity prior to or simultaneous with Closing, and solely bear the cost thereof. Local Church must provide sufficient documentation of the same to Annual Conference.