Borrowers Default. If the Borrower defaults in the payment of its Obligations pursuant to this Note, upon the Lender's demand, the Borrower will execute any other assignment or document necessary or advisable to liquidate or assign the Collateral to the Lender, make payment pursuant to this Note, and to carry out the purposes of this Agreement.
Borrowers Default. In the event that (i) the Borrowers fail to pay when due the principal of or interest on any Revolving Credit Notes, Revolving Credit Loan or any Reimbursement Obligation or any amount payable hereunder, or (ii) the Agent receives written notice of the occurrence of an Event of Default, the Agent shall promptly give written notice thereof to the Lenders, and the Agent shall take such action with respect to such Event of Default as it shall be directed to take by the Required Lenders; provided, however, that, unless and until the Agent shall have received such directions and except as otherwise expressly provided in this Agreement, the Agent may take such action or refrain from taking such action hereunder or under the other Loan Documents with respect to an Event of Default or Default, as it shall deem advisable in the best interest of the Lenders.
Borrowers Default. Unless the applicable Administrative Agent shall have received notice from any Borrower prior to the date on which any payment is due to such Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that Borrowers will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if the applicable Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the applicable Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by such Administrative Agent in accordance with banking industry rules on interbank compensation.
Borrowers Default. 8.1Borrower’s Defaults and Lender’s Remedies.
Borrowers Default. 8.1 Borrower's Defaults and Lender's Remedies 30 8.2 Protective Advances 32 8.3 Other Remedies 32 8.4 No Lender Liability 32 8.5 Lender's Fees and Expenses 32 9. MISCELLANEOUS
Borrowers Default. Unless the Administrative Agent shall have received notice from any Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders, the amount due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.
Borrowers Default. Tenant shall provide Lender with copies of all written notices of any default by Borrower sent to Borrower pursuant to the Lease simultaneously with the transmission of such notices to the Borrower. Lender shall have the right but not the obligation to remedy any Borrower default under the Lease, or to cause any default of Borrower under the Lease to be remedied for the greater of (i) the same time period a Borrower as set forth in the Lease, or (ii) 15 days after Lender’s receipt of written notice of default. Tenant shall accept performance by Lender of any term, covenant, condition or agreement to be performed by Borrower under the Lease with the same force and effect as though performed by Borrower.
Borrowers Default. Unless the DIP Agent shall have received notice from the Lead Borrower prior to the date on which any payment is due to the DIP Lender hereunder that the Borrowers will not make such payment in full, the DIP Agent may assume that the Borrowers have made such payment in full to the DIP Agent on such date and the DIP Agent may, in reliance upon such assumption, cause to be distributed to each DIP Lender on such due date an amount equal to the amount then due such DIP Lender. If and to the extent the Borrowers shall not have so made such payment in full to the DIP Agent, each DIP Lender shall repay to the DIP Agent forthwith on demand such amount distributed to such DIP Lender together with interest thereon, for each day from the date such amount is distributed to such DIP Lender until the date such DIP Lender repays such amount to the DIP Agent, at the Federal Funds Rate.
Borrowers Default. If Borrower fails to repay the entire amount of principal and interest required hereunder within 5 days after the Maturity Date, such failure shall constitute an Event of Default.
Borrowers Default. 12.1.1 Failure to repay the principal and interest of the loan on time or in full as agreed herein.
