Common use of Other Default Clause in Contracts

Other Default. Any default of any other obligation of Borrower under the terms of any note or notes, mortgage, indenture, loan agreement or security document of Borrower, including, without limitation, any of the Loan Documents, which default shall continue for a period of thirty (30) days following written notice thereof to Borrower from Banks or Agent, it being expressly understood and agreed that a default under any note, mortgage, indenture, loan agreement or security document of Borrower, including, without limitation, any of the Loan Documents, shall constitute a default under all other notes, mortgages, indentures, loan agreements and security documents held by Banks or Agent, including, without limitation, the Loan Documents;

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (Gulf Island Fabrication Inc), Credit Agreement (Gulf Island Fabrication Inc), Credit Agreement (Gulf Island Fabrication Inc)

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Other Default. Any default of any other obligation of Borrower Borrowers under the terms of any note or notes, mortgage, indenture, loan agreement or security document of BorrowerBorrowers, including, without limitation, any of the Loan Documents, which default shall continue for a period of thirty (30) days following written notice thereof to Borrower Borrowers from Banks or AgentBank, it being expressly understood and agreed that a default under any note, mortgage, indenture, loan agreement or security document of BorrowerBorrowers, including, without limitation, any of the Loan Documents, shall constitute a default under all other notes, mortgages, indentures, loan agreements and security documents held by Banks or AgentBank, including, without limitation, the Loan Documents;

Appears in 2 contracts

Samples: Credit Agreement (Unifab International Inc), Credit Agreement (Unifab International Inc)

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Other Default. Any default of any other obligation of Borrower under the terms of any note or notes, mortgage, indenture, loan agreement or security document of Borrower, including, without limitation, any of the Loan Documents, which default shall continue for a period of thirty (30) days following written notice thereof to Borrower from Banks or AgentBank, it being expressly understood and agreed that a default under any note, mortgage, indenture, loan agreement or security document of Borrower, including, without limitation, any of the Loan Documents, shall constitute a default under all other notes, mortgages, indentures, loan agreements and security documents held by Banks or AgentBank, including, without limitation, the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (Unifab International Inc)

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