Breach of Loan Documents Sample Clauses

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.
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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 Borrower under Sections 10.02(a), 10.02(d), 10.02(e), 10.02(f), 10.03, and 10.09, of this Agreement shall not constitute an Event of Default hereunder until the 15th day following the occurrence thereof; or
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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
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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 6.2.1 In the event there is any Event of Default, Interbank may declare, through written notice to Borrower, the amounts payable by the Borrower under this Agreement or Promissory Note, that somehow are enforceable after the notice date, as immediately enforceable and payable. To this end, the Parties agree that, from that moment, such amounts shall be enforceable and payable, without diligence, rogatory letters, notice, appearance for payment, injunction, protest or any other formality, all of which have been expressly waived by the Borrower. Interbank shall attach to such notice the liquidation of the debit balance referred to in paragraph 7 of article 132 of the General Law for the Financial System, Insurance System, and Organic Law of the Banking and Insurance Superintendence. For the purposes of the provision in Clause 6.2 (Actions derived from the Events of Default), the Borrower accepts that the effect of the above-mentioned declaration of overdue amount, shall be to allow Interbank to declare as overdue amount all the outstanding obligations and to proceed with the immediate collection of the due amounts, which shall be deemed, without necessity of any notice, protest or injunction, as liquid funds, enforceable and payable. 6.2.2 Without prejudice to require the payment of all the outstanding obligations, Interbank shall implement the Loan Guarantees in order to proceed with the collection of all the outstanding obligations. 6.2.3 For the purposes set out in Clause 6.2 (Actions derived from the Events of Default), the liquidation of the outstanding obligations shall be made by Interbank and informed to the Borrower for its payment; being the Borrower obliged to pay the liquidation amount given by Interbank.
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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).
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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.
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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.
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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;
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Related to Breach of Loan Documents

  • Execution of Loan Documents Unless the Administrative Agent otherwise specifies with respect to any Loan Document, (a) this Agreement and any other Loan Document may be executed in any number of counterparts and any party hereto or thereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts of this Agreement or any other Loan Document, as the case may be, when taken together will be deemed to be but one and the same instrument and (b) execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Agreement or any other Loan Document by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

  • Correction of Loan Documents Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the agreement of the parties.

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • Other Loan Documents Each of the conditions precedent set forth in the other Loan Documents shall have been satisfied.

  • Perform Loan Documents Borrower shall observe, perform and satisfy all the terms, provisions, covenants and conditions of, and shall pay when due all costs, fees and expenses to the extent required under the Loan Documents executed and delivered by, or applicable to, Borrower.

  • Reaffirmation of Loan Documents and Liens Except as amended and modified hereby, any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby in all respects ratified and confirmed by each Credit Party. Each Credit Party hereby agrees that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of any Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof.

  • Agreement Not in Breach of Other Instruments The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and the fulfillment of the terms hereof will not result in a breach of any of the terms or provisions of, or constitute a default under, or conflict with, any agreement or other instrument to which the Buyer is a party or by which it is bound, the Certificate of Formation and the Partnership Agreement, any judgment, decree, order or award of any court, governmental body or arbitrator by which the Buyer is bound, or any law, rule or regulation applicable to the Buyer which would have a material effect on the transactions contemplated hereby.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or entered into after the date of this Guaranty, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

  • Loan Documents The Requisite Lenders may direct the Administrative Agent to, and the Administrative Agent if so directed shall, exercise any and all of its rights under any and all of the other Loan Documents.

  • Breach of Obligations The Parties acknowledge that a breach of any of the obligations contained herein would result in injuries. The Parties further acknowledge that the amount of the liquidated damages or the method of calculating the liquidated damages specified in this Agreement is a genuine and reasonable pre-estimate of the damages that may be suffered by the non-defaulting party in each case specified under this Agreement.

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