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. 1Borrower’s Defaults and Lender’s Remedies.
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 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. In the event that (i) a Borrower fails to pay when due the principal of or interest on any Note or any fee payable hereunder, or (ii) the Agent receive written notice of the occurrence of an Event of Default, the Agent shall promptly give written notice thereof to the Lenders, and 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. 38 9. MISCELLANEOUS 42
Borrowers Default. 12.1.1 Failure to repay the principal and interest of the loan on time or in full as agreed herein.
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
9.1 Release; Indemnification 33 9.2 Assignment and Participation 33 9.3 Prohibition on Assignment 33 9.4 Time of the Essence 33 9.5 No Waiver 34 9.6 Severability 34 9.7 Usury; Revival of Liabilities 34 9.8 Notices and Electronic Communications 35 9.9 Successors and Assigns 36 9.10 No Joint Venture 36 9.11 Brokerage Commissions 36 9.12 Publicity 36 9.13 Documentation 36
