Breach of Loan Documents. The failure of any Loan Party to perform, keep or observe any of the covenants, conditions, promises, agreements or obligations of such Loan Party under any of the Loan Documents; provided that any such failure by a Borrower under
Breach of Loan Documents. The failure of any Loan Party to perform, keep or observe any of the covenants, conditions, promises, agreements or obligations of such Loan Party under any of the Loan Documents; provided that any such failure by a Borrower under Sections 10.02(a), (d), (e), (f), 10.03, 10.08 and 10.09 of this Agreement shall not constitute an Event of Default hereunder until the fifteenth (15th) day following the occurrence thereof and provided further that any such failure by a Borrower under Section 11.03 of this Agreement shall not constitute an Event of Default hereunder until the tenth (10th) day following the occurrence thereof, provided that this cure period shall only apply if, and only if, the Lien constituting the breach under Section 11.03 does not have priority over the Lien of Lender; or
Breach of Loan Documents. Any breach by (i) any Principal of the representations and warranties, covenants or other agreements set forth in the Limited Guaranty that such Principal has failed to cure in all material respects within ten (10) Business Days after the earlier to occur of (A) the date on which written notice of such failure shall have been given to such Principal by Xxxxxx, and (B) the date on which such Principal shall have actual knowledge of such failure (with knowledge by one of the Principals being deemed actual knowledge of both Principals for this purpose); or (ii) by Parent of the representations and warranties, covenants or other agreements set forth in the Loan Documents to which it is a party other than any representation or warranty relating to Receivables repurchased by Parent that Parent has failed to cure in all material respects within ten (10) Business Days after the earlier to occur of (A) the date on which written notice of such failure shall have been given to Parent by Xxxxxx, and (B) the date on which Parent shall have actual knowledge of such failure (with knowledge by any officer or employee of Parent being deemed actual knowledge of Parent for this purpose).
Breach of Loan Documents. Any Borrower Party materially breaches any Loan Document, as reasonably determined by the Lender, and such failure continues for 3 Business Days.
Breach of Loan Documents. The Borrower or any other Credit Party shall fail to perform or observe any material term, condition or covenant of the Loan Documents (other than this Agreement and the Notes), which failure shall remain unremedied for more than the period of grace, if any, specified therein and shall not have been waived pursuant thereto, or any such Loan Documents shall cease to be in full force and effect or the obligations of any party thereto (other than the Administrative Agent or any Bank) shall have been disaffirmed by or on behalf of such party or declared invalid by any court of competent jurisdiction, or the security interests granted by any Pledge Agreement shall become void or unperfected or shall fail or cease to constitute a first priority security interest.
Breach of Loan Documents. Any Borrower Party materially breaches any Loan Document, as reasonably determined by the Administrative Agent, and such failure continues for 3 Business Days. (v) Adviser Events Any Adviser withdraws, is removed, or ceases to be the Adviser of a Borrower, Guarantor, unless such Adviser is replaced by an Affiliate thereof that is approved by the Administrative Agent in its reasonable discretion. (vi) Judgments and Cross Defaults There is a final unpaid judgment (unless the final judgment is stayed, covered by insurance, or bonded, and any related Lien is removed) or default on indebtedness in excess of the Judgment Threshold. 3.5 Interest Payments (a) Interest Accrual (i) When Loan proceeds are wire transferred pursuant to instructions from a Borrower, then such Loan shall be considered funded at the time of the wire transmission. (ii) Interest on outstanding Loans shall begin to accrue on the date funded, notwithstanding whether or not any Borrower receives the benefit of such Loan on such date. (iii) Interest shall continue to accrue on outstanding Loans until repayment has been received by the Administrative Agent, in the Administrative Agent Account. (b) Interest Payment Date
Breach of Loan Documents. If Borrower breaches any of the obligations undertaken under this Agreement or the Loan Documents not mentioned in previous Clauses 6.1.1 to 6.1.14 and such situation has not been cured within 15 (fifteen) calendar days from the moment (i) the Borrower is aware of the occurrence of such event; or (ii) the Borrower receives Interbank’s notice about the occurrence of such event, whichever comes first. LIMA NOTARY PUBLIC’S ASSOCIATION Clause 6.2 Actions derived from the Events of Default
Breach of Loan Documents. Any other non-monetary breach or default by Borrower under any other Loan Document and such breach or default continues for thirty (30) days after Lender delivers written notice to Borrower; provided, however, that the foregoing cure period and requirement of written notice shall apply only to non-monetary defaults and shall only be available twice during each 12 month period for each such breach or default;
Breach of Loan Documents. Any Loan Party shall fail or neglect to perform, keep or observe any covenant contained in this Agreement (other than a covenant which is dealt with specifically elsewhere in Section 11.1 hereof) or the other Loan Documents and the breach of such other covenant or the other Loan Documents is not cured within fifteen (15) days after the sooner to occur of such Loan Party's receipt of notice of such breach from Lender or the date on which such failure or neglect first becomes known to any officer of such Loan Party.
