6.18 Rent Formspany shall not acquire Accommodations that are not entered for the for the sorts of applicable Rent Contract attached hereto because the Exhibit Grams since amended (for the the amount perhaps not banned hereunder).
Violation off Particular Covenants
6.19 2nd Facility Studio. In case your Supplier otherwise people Member away from Subsidiary thereof switches into any amendment, waiver or modification on the Next Factory Facility to provide credit feet eligibility criteria that will be significantly more restrictive for the Provider otherwise one Associate otherwise Part thereof compared to the regards to this Arrangement (particularly amendment getting referred to as a beneficial “Factory Amendment”), next that it Arrangement shall automatically become deemed modified to help you have particularly a lot more limited qualification conditions. Timely however in no knowledge more five Working days following the the execution of any amendment into the 2nd Warehouse Business paperwork delivering getting a factory Modification, the business should furnish the fresh new Management Representative and each Bank that have a copy of these amendment, plus to your an effective redacted base if required of the privacy limitations of these document.
six.20 Minimal Money. None Seller nor Company often enable Mother or father to help you claim or build, or agree to shell out otherwise generate, yourself otherwise ultimately, people Minimal Payment, or bear any obligation (contingent if not) to achieve this.
Infraction regarding Representations, etcetera
(a) Incapacity and make Costs When Owed. 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) Incapacity out of Supplier or one Part away from Provider to blow when due one dominating off or notice for the and other amount payable in respect of one or higher bits of Indebtedness with a primary number in excess of $step one,100000,one hundred thousand, inside each situation not in the sophistication period, if any, offered therefor; or violation or default from the Vendor or any Subsidiary regarding Supplier regarding various other topic name out of (1) one or more pieces of Indebtedness with a main amount from inside the more than $1,one hundred thousand,100000, or (2) people loan arrangement, financial, indenture or other contract in accordance with including goods(s) off Indebtedness, into the for each and every situation outside the sophistication period, if any, considering hence; or
(ii) Violation, standard or any other equivalent occurrence because of the Provider otherwise a joint venture partner of Merchant lower than other file or agreement that Management Representative otherwise one Financial try an event to.
(d) People symbol otherwise guarantee, degree or other statement generated otherwise considered from Team otherwise Seller (or Provider once the Servicer) in just about any Borrowing File or perhaps in people declaration or certification at the at any time supplied by Business otherwise Merchant (or Vendor since Servicer) written down pursuant hereto or thereto or in partnership herewith otherwise therewith is going to be incorrect in almost any procedure respect, apart from any expression, warranty, certification and other statement that’s certified because of the materiality otherwise “Matter Unfavorable Impact”, whereby, title loans Connecticut such as for example sign, warranty, certification and other declaration are genuine and you will correct throughout areas, during the for each case, at the time of the fresh time produced otherwise deemed made and you can such as standard will n’t have been treated otherwise waived contained in this thirty (30) months following the prior to off (i) an authorized Officer out of Team otherwise Provider getting conscious of instance default, otherwise (ii) bill by the Team away from created notice about Administrative Representative otherwise any Bank of such standard; otherwise