6.18 Lease Formspany should not to get Renting which aren’t registered on the to your sorts of applicable Lease Agreement attached hereto as Exhibit G as revised (to the the amount maybe not banned hereunder).
Infraction away from Specific Covenants
6.19 2nd Factory Facility. In the event the Merchant otherwise one Affiliate off Subsidiary thereof gets into one modification, waiver or modification towards the Next Factory Facility to include borrowing base qualifications standards which might be a lot more restrictive into the Merchant otherwise any User or Part thereof compared to terms of it Agreement (particularly modification being described as a good “Factory Modification”), up coming that it Contract will immediately be considered changed so you’re able to consist of such much more restricted qualification criteria. Punctually in no event more than five Working days adopting the brand new performance of every modification to your Second Warehouse Facility records bringing getting a facility Amendment, the company should present the latest Management Representative and every Financial that have a copy of such modification, in addition to to your a redacted foundation if necessary by the privacy constraints of such document.
6.20 Restricted Repayments. Neither Seller neither Company commonly enable Father or mother so you can claim or generate, otherwise commit to shell out otherwise make, yourself otherwise indirectly, any Limited Payment, otherwise happen people responsibility (contingent or otherwise) to achieve this.
Breach out-of Representations, etc
(a) Incapacity making Payments 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 Seller or any Part away from Provider to blow when due one dominant away from payday loans in Williamsport or interest towards the and other matter payable according of 1 or more pieces of Indebtedness with a main matter in excess of $step 1,one hundred thousand,000, during the for every situation not in the elegance period, or no, considering therefor; otherwise infraction otherwise standard of the Merchant or any Part of Supplier in terms of any kind of question label regarding (1) one or more items of Indebtedness with a primary count in the excess of $step 1,100000,one hundred thousand, otherwise (2) any financing arrangement, financial, indenture or other arrangement according to such as for example product(s) out of Indebtedness, for the for every circumstances outside the elegance period, or no, provided ergo; otherwise
(ii) Breach, standard and other equivalent occurrence because of the Provider otherwise an affiliate marketer from Seller significantly less than virtually any file otherwise contract that Management Agent otherwise people Lender try a celebration to.
(d) Any representation or promise, qualification or any other report made or deemed from Providers otherwise Provider (or Merchant because Servicer) in virtually any Borrowing from the bank Document or perhaps in any declaration otherwise certificate on anytime provided by Business otherwise Seller (or Vendor since Servicer) in writing pursuant hereto or thereto or perhaps in commitment herewith otherwise therewith are not the case in virtually any issue esteem, except that one signal, promise, qualification and other declaration which is licensed of the materiality otherwise “Topic Unfavorable Impact”, whereby, such sign, warranty, degree or any other report might be correct and you will proper in every areas, in for each case, by new date generated otherwise deemed generated and you can eg default will not have come remedied otherwise waived in this thirty (30) days following prior to out of (i) an authorized Administrator out of Team otherwise Seller are aware of instance default, otherwise (ii) bill from the Organization regarding written observe in the Administrative Representative otherwise people Lender of these default; otherwise
