Default under Loan Documents. Any failure to perform or default in the performance by any Credit Party that continues after applicable grace and cure periods under any covenant, condition or agreement contained in any of the other Loan Documents or any other agreement with Lender, all of which covenants, conditions and agreements are hereby incorporated in this Agreement by express reference.
Default under Loan Documents. A default under any of the other Loan Documents, all of which covenants, conditions and agreements contained therein are hereby incorporated in this Agreement by express reference, shall be and constitute an Event of Default under this Agreement and any other of the Obligations.
Default under Loan Documents. The occurrence of an Event of Default under any of the Loan Documents.
Default under Loan Documents. (a) The Senior Mortgagee shall have the right to cure any Subordinate Mortgage Default until such time, if ever, as the Senior Mortgagee’s delivery to the Subordinate Mortgagee of written consent to an Enforcement Action described in an Enforcement Action Notice given by the Subordinate Mortgagee as a consequence of the Subordinate Mortgage Default. The Senior Mortgagee shall not have any obligation whatsoever to cure any Subordinate Mortgage Default. The Subordinate Mortgagee acknowledges that all amounts advanced or expended by the Senior Mortgagee to cure a Subordinate Mortgage Default shall be added to and become a part of the Senior Indebtedness under Section 12 of the Senior Mortgage.
(b) The Senior Mortgagee shall deliver to the Subordinate Mortgagee a copy of any notice sent by the Senior Mortgagee to the Borrower of a Senior Mortgage Default within five (5) business days of sending such notice to the Borrower. Failure of the Senior Mortgagee to send notice to the Subordinate Mortgagee shall not prevent the exercise of the Senior Mortgagee’s rights and remedies under the Senior Loan Documents. The Subordinate Mortgagee shall have the right to cure any Senior Mortgage Default during such period of time, if any, as the Borrower is permitted by the terms of the Senior Loan Documents to cure such Senior Mortgage Default. The Subordinate Mortgagee shall not be subrogated to the rights of the Senior Mortgagee under the Senior Loan Documents by reason of the Subordinate Mortgagee having cured any Senior Mortgage Default.
(c) In the event of a Subordinate Mortgage Default, the Subordinate Mortgagee will not commence any Enforcement Action until after (i) the Subordinate Mortgagee has given the Senior Mortgagee an Enforcement Action Notice with respect to such Enforcement Action, and (ii) the Senior Mortgagee has delivered to the Subordinate Mortgagee the Senior Mortgagee’s written consent to such Enforcement Action by the Subordinate Mortgagee. The Senior Mortgagee shall advise the Subordinate Mortgagee whether the Senior Mortgagee consents to the Enforcement Action by the Subordinate Mortgagee within ninety (90) days following the Senior Mortgagee’s receipt of the Enforcement Action Notice (failure of the Senior Mortgagee to provide written consent to the Enforcement Action within such 90-day period constitutes the Senior Mortgagee’s refusal of such consent). The Subordinate Mortgagee acknowledges that the Senior Mortgagee may grant or refuse consent to t...
Default under Loan Documents. Other than default for nonpayment of Obligations as set forth in Section 11.1 hereof, a default under any of the other Loan Documents, all of which covenants, conditions and agreements contained therein are hereby incorporated in this Agreement by express reference, shall be and constitute an Event of Default under this Agreement and any other of the Obligations and such default under any of the Loan Documents continues for 15 days.
Default under Loan Documents. A material breach of or material default by the Borrower under the terms, covenants, and conditions set forth in any other Loan Documents which is not cured within any applicable cure or grace period.
Default under Loan Documents. A default shall occur under any other Loan Document; or
Default under Loan Documents. A default under any of the other Loan Documents that is not cured within any cure period provided for in such Loan Documents, all of which covenants, conditions and agreements contained therein are hereby incorporated in this Agreement by express reference, shall be and constitute an Event of Default under this Agreement and any other of the Obligations.
Default under Loan Documents. Any default or event of default occurs under any of the Loan Documents (taking into account all applicable grace periods); or
Default under Loan Documents. The occurrence of an Event of Default under any of the Loan Documents related to either the Term Loan or the Revolving Loan. For the avoidance of doubt, the occurrence of an Event of Default under either the Term Loan or the Revolving Loan or the breach of any provision of the Limited Guaranties shall also be considered an Event of Default under the other Loan.
