Defaults Under Loan Documents. If an Event of Default shall occur under the Note or any other Loan Document and shall not be cured within any applicable grace period;
Defaults Under Loan Documents. There is not currently existing any action, event, or condition which would constitute a default on the part of the Borrower under this Agreement or of the Borrower under any other Loan Document, and no action, event or condition has occurred and is continuing to occur which, with notice or the passage of time or both, would constitute a default by the Borrower under any provision of this Agreement or by the Borrower under any other Loan Document.
Defaults Under Loan Documents. Borrower shall fail to observe or perform any covenant or agreement contained in any Loan Document, or any default shall occur and be continuing thereunder after any notice and lapse of applicable cure periods under such Loan Document.
Defaults Under Loan Documents. Enforcement of Remedies.
Defaults Under Loan Documents. The Borrower or any other Person (other than the Agent or any Lender) that is a party to any Loan Document shall fail to observe or perform any covenant or agreement (other than those referred to in Sections 6.1(a) and (b)) contained in any other Loan Document, or any default shall occur under any other Loan Document (other than those referred to in Sections 6.1(a) and (b)) and such failure or default shall remain unremedied (i) in the case of any amounts payable under the other Loan Documents, for 3 days after notice from the Agent, (ii) in the case of covenants or agreements similar to the covenants or agreements contained in Section 5.2(a), (b), (c) and (d) of this Agreement, for 20 Business Days after the occurrence thereof; or (iii) in all other cases, for 30 days after the occurrence thereof. In the event that a breach of a covenant described in clause (iii) above cannot be cured within 30 days after the occurrence thereof and the Borrower or such other Person has during such 30-day period commenced to cure such breach and thereafter diligently pursues all necessary efforts to effect a cure, an Event of Default shall be deemed only to have occurred if the breach either cannot be remedied, or remains unremedied, for 60 days after the occurrence thereof.
Defaults Under Loan Documents. If an Event of Default shall occur under the Note or any other Loan Document and shall not be cured within any applicable grace period, and if an Event of Default shall occur under any Loan Document (as defined in the Loan Agreement dated as of July 12, 2011 by and between BCL Eclipse, LLC and Xxxxxxxx Potomac Yard, L.C.);
Defaults Under Loan Documents. Any Loan Party shall default in the performance of or compliance with any covenant or material provision contained herein or any of the other Loan Documents and such default shall not have been remedied or waived within 30 days after the earlier of (i) a Financial Officer of the Borrower obtaining actual knowledge of such default or (ii) receipt by the Borrower of notice from Administrative Agent or any Lender of such default; or
Defaults Under Loan Documents. The Borrower or any other Person (other than the Administrative Agent or any Lender) that is a party to any Loan Document shall fail to observe or perform any covenant or agreement (other than those referred to in Sections 6.1(a) and (b)) contained in any other Loan Document, or any default shall occur under any other Loan Document (other than those referred to in Sections 6.1(a) and (b)) and such failure or default shall remain unremedied (i) in the case of any amounts payable under the other Loan Documents, for three (3) days after notice from the Administrative Agent or the Administrative Agent, (ii) in the case of covenants or agreements similar to the covenants or agreements contained in Section 5.2(a), (b), (c) and (d) of this Agreement, for fifteen (15) Business Days after the occurrence thereof; or (iii) in all other cases, thirty (30) days after the occurrence thereof. In the event that a breach of a covenant described in clause (ii) above cannot be cured within thirty (30) days after the occurrence thereof and the Borrower has during such 30-day period commenced to cure such breach and thereafter diligently pursues all necessary efforts to effect a cure, an Event of Default shall be deemed only to have occurred if the breach either cannot be remedied, or remains unremedied, for sixty (60) days after the occurrence thereof.
Defaults Under Loan Documents. Except as expressly provided below, the occurrence or existence of any default or event of default, "Default" or "Event of Default" under any of the Loan Documents or the breach, default under, or failure to fully perform any of the covenants, agreements, or obligations under any of the Loan Documents, other than the failure to make payment of the full amount of the indebtedness evidenced and secured thereby (or any payments of principal, interest or fees required under the terms of the Loan Documents), and the failure of the applicable Borrower Party to cure such default, event of default, "Default" or "Event of Default" or breach within any applicable cure period specified therein. Notwithstanding the foregoing, the occurrence of any of the following events shall not constitute a Termination Event: (i) the failure of the Borrower Parties to pay taxes or due diligence expenses when as and if required under the Loan Documents, (ii) any default arising from the failure of the Borrower Parties to timely submit a Budget or from the fact that no Approved Budget exists, (iii) any mechanic's or materialman's lien having been placed on the Collateral which is junior to the lien of the Lenders or any tax lien is filed against the Collateral as a result of the non-payment of taxes, (iv) the filing of a lis pendens against the Collateral encumbered by the Steamboat Deed of Trust as a result of the lawsuit pertaining to the alleged breach of the sales contract pertaining thereto, (v) the existence of the GSRP Default, (vi) the non-compliance of the Borrower Parties with the financial covenants of Article VIII of the Credit Agreement, (vii) the failure of the Borrower Parties to have heretofore delivered the financial reports required under Article VII of the Credit Agreement, (viii) the occurrence of a material adverse effect on the Borrower Parties resulting from any of the foregoing or the acceleration of the Loan, (ix) the modification by GSRP of the Textron loan documents in September, 2002 pursuant to and as evidenced by documentation previously provided to Agent, or (x) the occurrence of any non-monetary default under the Textron loan documents which does not result in the acceleration of the indebtedness thereunder. The Borrower Parties acknowledge and agree that notwithstanding the fact that the occurrence of any of the foregoing events does not constitute a Termination Event, Agent and the Lenders are not waiving and have not waived any "Default" or "Event o...
Defaults Under Loan Documents. The occurrence of any "default", as defined ----------------------------- in any Loan Document (other than this Agreement or the Note) or the breach of any of the terms or provisions of any Loan Document (other than this Agreement or the Note), which default or breach continues beyond any period of grace therein provided.
