Loan Events of Default. Each of the following events shall constitute a Loan Event of Default (whether any such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any Governmental Authority) and each such Loan Event of Default shall continue so long as, but only as long as, it shall not have been remedied:
Loan Events of Default. 15 SECTION 6.2. Remedies.............................................. 17 ARTICLE VII MISCELLANEOUS SECTION 7.1. Amendments and Waivers................................ 19 SECTION 7.2. Notices............................................... 19 SECTION 7.3. Successors and Assigns; Transfers and Participations.. 19 SECTION 7.4. Adjustments........................................... 19 SECTION 7.5. Counterparts.......................................... 20 SECTION 7.6. GOVERNING LAW......................................... 20 SECTION 7.7. Survival and Termination of Agreement................. 20 SECTION 7.8. Entire Agreement...................................... 20 SECTION 7.9. Severability.......................................... 21 SECTION 7.10. Limitations of Borrower's Liability................... 21 SCHEDULE I Lenders EXHIBIT A Form of Note THIS LOAN AGREEMENT (Electric Lightwave, Inc. Trust No. 1995-A) (this "Loan ---- Agreement") is entered into as of April 28, 1995 among SHAWMUT BANK CONNECTICUT, --------- NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, but solely as Certificate Trustee under the Trust Agreement of even date herewith with the Persons listed on Schedule I thereto (the "Borrower"); -------- SHAWMUT BANK CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, as Administrative Agent; and the Persons named on Schedule I hereto, as Lenders. ----------
Loan Events of Default. Each of the following events is a Loan Event of Default (whether or not caused by any reason whatsoever outside the control of the Chargor or any other person).
Loan Events of Default. The occurrence of any of the following specified events (whatever the reason for such Loan Event of Default and whether such event shall be voluntary or involuntary or come about or be effected by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall constitute a “Loan Event of Default”: an Equipment Agreement Event of Default shall have occurred and be continuing; or either Obligee shall default in the due and punctual payment of any principal of or interest on, any of its respective Loans (including any mandatory prepayment) or any other amount to be paid to Lenders under the Loan Documents; provided, however, that if any such amount is paid after the due date thereof, it shall only be deemed to be paid in full if there shall also be paid, together with such amount, interest on such amount at the Overdue Rate from the date such payment was due until the date of payment; or either Obligee shall default in the due performance or observance of any of their respective other obligations hereunder, and the same shall continue unremedied for a period of thirty (30) days from the earlier of actual knowledge thereof by such Obligee and receipt by such Obligee of written notice of such default; or any representation, warranty or statement made by Corporate Obligee, Trust Obligee, Trust Company or Owner Participant in any of the Operative Documents, or otherwise in writing in connection herewith or therewith, or in any statement furnished pursuant hereto or thereto or in connection herewith or therewith, shall be breached or shall prove to be untrue in any material respect on the date as of which made; or judgments for the payment of money in excess of $100,000 in the aggregate shall be rendered against either Obligee and shall not be satisfied, stayed, bonded with a reputable and financially sound surety company to the full extent thereof, vacated or discharged for more than sixty (60) days; or
Loan Events of Default. 11 SECTION 6.2. Remedies..........................................................................12 ARTICLE VII ADMINISTRATIVE AGENT.....................................................................13
Loan Events of Default. Each of the following events shall constitute a
Loan Events of Default. Each of the following shall ---------------------- constitute a Loan Event of Default under this Agreement:
Loan Events of Default. Each of the events set out in Clauses 16.1 (Non-payment) to 16.9 (Breach of Asset Cover Test) below is a Loan Event of Default.
Loan Events of Default. REMEDIES 8 SECTION 5.1.........................................Loan Events of Default 8 SECTION 5.2.......................................................Remedies 9
Loan Events of Default. The occurrence of any one or more of the following events shall constitute an event of default (each, an “Event of Default”) by Debtor under this Agreement:
