Additional Defaults. Any provision or covenant of any Loan Document is breached, or any warranty, representation, or statement made or furnished to Lender by Borrowers in writing in connection with the Loans and the Loan Documents (including any warranty, representation, or statement in Borrowers’ financial statements) or to induce Lender to make the Loans, is untrue or misleading in any material respect.
Additional Defaults. Each of the following shall constitute an additional event of default (“Event of Default”) under this Note:
Additional Defaults. (i) Any provision or covenant of any Loan Document is breached; or (ii) any warranty, representation, or statement made or furnished to Lender by any Obligor in writing in connection with the Loan and the Loan Documents, including any warranty, representation, or statement included in any Obligor’s Periodic Reports under Schedule 4.1(b), or to induce Lender to make or continue to make the Loan, is or becomes untrue or misleading in any material respect or (iii) any default or Event of Default under any of the Loan Documents occurs that, in the case of each of clauses (i), (ii) and (iii) is not cured within the applicable cure period described in Section 7.1 below, if any.
Additional Defaults. In addition to those Events of Default specifically enumerated in the Loan Agreement if the Borrowers shall fail to comply with the terms of any covenant or agreement contained herein, such failure shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided in the Notes and the Loan Agreement, as well as all other rights and remedies provided to the Bank under the terms of any of the other Loan Documents.
Additional Defaults. The following shall also be considered defaults for which the Contract may be terminated.
16.4.1 The CM/GC no longer holds the licenses or certificates required to perform the Work or any portion thereof.
16.4.2 The CM/GC also fails to perform any agreed-upon portion of the Work as to endanger the CM/GC’s performance under the Contract in accordance with its terms, and such breach, default or failure is not cured within 30 days after written notice.
16.4.3 The CM/GC made knowing, reckless, or negligent misrepresentations, concealed facts, or failed to disclose information in the CM/GC’s proposal. Such actions shall constitute fraudulent inducements, and shall entitle the Owner to recover reliance damages, in addition to any other available remedies to which it may show itself entitled.
Additional Defaults. The failure of any Borrower or Guarantor to comply with the representations, warranties, covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed and/or delivered by any Borrower or Guarantor with, to or in favor of Lender shall constitute an Event of Default under the Financing Agreements.
Additional Defaults. In addition to the foregoing, it shall be a default hereunder if: (a) any petition or application for a custodian, as defined by Xxxxx 00, Xxxxxx Xxxxxx Code, as amended from time to time (the "Bankruptcy Code") or for any form of relief under any provision of the Bankruptcy Code or any other law pertaining to reorganization, insolvency or readjustment of debts is filed by or against American Outdoor or any partnership of which it is a partner, their respective assets or affairs, and such petition or application is not dismissed within ninety (90) days of such filing; (b) American Outdoor makes an assignment for the benefit of creditors, is not paying material debts as they become due, or is granted an order for relief under any chapter of the Bankruptcy Code; (c) a custodian, as defined by the Bankruptcy Code, takes charge of any property of American Outdoor or any property of any partnership of which it is a partner; (d) the dissolution or termination of existence of American Outdoor or the sale of all or substantially all of the assets, equity or member interests, or stock of American Outdoor, unless its obligations hereunder have been assumed by an entity whose financial capacity has been approved in advance by City (such approval not to be unreasonably withheld or delayed); or (e) the third sides or the Monti’s billboard are reactivated or reconstructed while this Agreement is in effect.
Additional Defaults. Any “Additional Defaults” set forth in Paragraph 15 of the Specific Loan Terms shall have occurred and are continuing.
Additional Defaults. The following shall also constitute an Event of Default under the Instrument:
(a) Borrower's failure within the time deadlines set by any federal, state or local licensing or similar agency, to correct any deficiency that may cause any action by such agency with respect to the Mortgaged Property that may have a material adverse affect on the income or operation of the Mortgaged Property or on Borrower's interest in the Mortgaged Property, including, a termination, revocation or suspension of any applicable License, or a ban on new resident admissions.
(b) Borrower's failure to do any of the following without the prior written consent of Lender, to be granted or withheld in its discretion: (1) operate the Mortgaged Property as its Intended Use;
Additional Defaults. Each of the following shall constitute an event of default ("Event of Default") under this Agreement Event of Default Under Related Documents. A default or event of default occurs under the terms of any Related Document executed by Borrower or any guarantor, pledgor, accommodation party or other obligor.
