6.18 Lease Formspany shall maybe not acquire Apartments that aren’t joined to your into version of relevant Rent Arrangement affixed hereto given that Exhibit Grams while the amended (for the the amount maybe not blocked hereunder).
Breach of Specific Covenants
six.19 Next Facility Business. If your Merchant otherwise people Associate out of Part thereof adopts people modification, waiver otherwise modification into the Next Factory Facility to provide borrowing feet qualification criteria that will be so much more restrictive towards the Supplier or people Representative or Part thereof versus regards to that it Contract (eg amendment getting named good “Facility Amendment”), then it Agreement will instantly feel deemed changed so you can include instance significantly more restricted eligibility standards. Punctually however in zero online payday loans in NE skills more four Working days following the the brand new delivery of any amendment toward Next Facility Studio records bringing having a facility Modification, the company will present the fresh Management Broker and each Bank that have a copy of these modification, in addition to with the good redacted foundation if required by confidentiality limits of such file.
six.20 Limited Repayments. Neither Provider neither Business often enable Mother in order to state or generate, or invest in shell out or make, personally or ultimately, any Minimal Fee, or sustain one duty (contingent otherwise) to do this.
Infraction away from Representations, etc
(a) Failure to make Repayments When Due. Other than with respect to a Borrowing Base Deficiency, failure by Company to pay (i) when due, the principal of and premium, if any, on any Loan whether at stated maturity (including on the Maturity Date), by acceleration or otherwise; (ii) within three (3) Business Days after its due date, any interest on any Loan or any fee due hereunder; or (iii) within thirty (30) days after its due date, any other amount due hereunder; or
(i) Failure regarding Supplier or people Part of Seller to spend when owed people prominent of or notice on the or any other count payable according of a single or higher pieces of Indebtedness having a main matter in excess of $step one,one hundred thousand,one hundred thousand, from inside the each situation outside of the sophistication months, if any, provided therefor; otherwise breach otherwise standard of the Provider or people Part out of Vendor when it comes to all other material label of (1) one or more bits of Indebtedness with a principal amount inside overabundance $1,one hundred thousand,100000, or (2) any loan arrangement, home loan, indenture or other arrangement per such as for example product(s) out of Indebtedness, within the for each instance not in the elegance period, or no, provided ergo; otherwise
(ii) Violation, default or other comparable density by Merchant or an affiliate out of Provider not as much as various other document otherwise arrangement to which Administrative Agent otherwise any Financial try an event so you’re able to.
(d) Any signal or assurance, certification and other declaration made or deemed made by Company or Seller (or Provider since the Servicer) in every Borrowing File or perhaps in one declaration or certification during the at any time provided by Providers or Seller (otherwise Supplier because Servicer) written down pursuant hereto otherwise thereto or perhaps in commitment herewith otherwise therewith is going to be not the case in almost any point admiration, apart from any signal, guarantee, degree or other statement that’s qualified because of the materiality or “Issue Unfavorable Impression”, whereby, eg symbolization, assurance, certification and other report is going to be genuine and you may proper throughout areas, inside for every single circumstances, since the brand new day produced otherwise considered produced and you will including standard shall not have become remedied or waived within thirty (30) weeks following prior to out-of (i) a third party Officer out of Company or Provider become conscious of such as default, otherwise (ii) acknowledgment from the Organization from authored notice from the Management Representative otherwise people Lender of these standard; otherwise