SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
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         Article VIII.  Events of Default.

         Section 8.01 Events of Default. Any of the following events shall be
considered an Event of Default as those terms are used in this Agreement:

                 (a)      Principal and Interest Payments. Borrower fails to
         make payment when due of any installment of principal or interest on
         the Revolving Credit Note or the Term Note or the Indebtedness within
         fifteen (15) days of the date thereof, or Borrower fails to pay when
         due any payment due hereunder or under any of the Loan Documents
         within fifteen (15) days of the due date thereof; or

                 (b)      Representations and Warranties. Any representation or
         warranty made by Borrower in any Loan Document, proves to have
         been incorrect in any material respect as of the date thereof; or any
         representation, statement (including Financial Statements),
         certificate, or data furnished or made by Borrower in any Loan Document
         with respect to any Indebtedness, proves to have been untrue in any
         material respect, as of the date as of which the facts therein set
         forth were stated or certified provided that with regard to Borrower's
         representation in Section 4.04 herein, the Lender shall not be entitled
         to declare a default hereunder unless the Borrower's representation in
         Section 4.04 proves to be untrue with regard to any contract requiring
         the payment of money or goods valued at $250,000 or more or the
         performance of services valued at $250,000 or more; or

                 (c)      Obligations. Borrower fails to perform its
         Obligations as required by and contained in any Loan Document or a
         breach occurs of any agreement, representation, or warranty contained
         herein or in any Loan Document and such continues for thirty (30) days
         after delivery by Lender of written notice to Borrower that it has
         failed to perform its Obligations or that a breach has occurred of any
         agreement, representation, or warranty contained herein or in any Loan
         Document, and following delivery of such written notice from Lender to
         Borrower the failure or breach has not been fully cured and/or
         corrected; provided and except that the 30 day notice and cure period
         shall not be applicable to Events of Default or breaches arising out
         of or under the following sections of this Loan Agreement (and in such
         cases no notice and cure period beyond any specifically stated therein
         shall be applicable):

                 Section 8.01(a), 8.01(b), 8.01(d), 8.01(e), 8.01(f), 8.01(h),
                 8.01(i), 8.01(k), 8.01(l), 6.01, 6.04, 6.07, 6.08, 6.09, 6.11,
                 6.12, 7.01, 7.02, 7.03, 7.05, 7.06, 7.07, 7.08, 7.09, 7.10,
                 7.11, and 7.12.





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