Common use of Failure to Perform Other Liabilities Clause in Contracts

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.

Appears in 1 contract

Sources: Loan and Security Agreement (Dynamics Research Corp)

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 thirty (1030) days or more.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)