Defaults Under Loan Documents. If an Event of Default shall occur under the Note or any other Loan Document and shall not be cured within any applicable grace period;
Defaults Under Loan Documents. There is not currently existing any action, event, or condition which would constitute a default on the part of the Borrower under this Agreement or of the Borrower under any other Loan Document, and no action, event or condition has occurred and is continuing to occur which, with notice or the passage of time or both, would constitute a default by the Borrower under any provision of this Agreement or by the Borrower under any other Loan Document.
Defaults Under Loan Documents. Borrower shall fail to observe or perform any covenant or agreement contained in any Loan Document, or any default shall occur and be continuing thereunder after any notice and lapse of applicable cure periods under such Loan Document.
Defaults Under Loan Documents. Enforcement of Remedies.
(a) If foreclosure or similar proceedings are commenced under the Loan Documents, Lead Lender shall keep the Lender informed as to the progress of the proceedings.
(b) If Lead Lender (or a nominee acceptable to the Lenders) shall acquire title to all or any part of the Real Property and/or Collateral securing the Loan, it shall buy out the Participation Interest of Xxxxx Mortgage Investment Fund at the sole and absolute discretion of Lenders.
Defaults Under Loan Documents. The Borrower or any other Person (other than the Agent or any Lender) that is a party to any Loan Document shall fail to observe or perform any covenant or agreement (other than those referred to in Sections 6.1(a) and (b)) contained in any other Loan Document, or any default shall occur under any other Loan Document (other than those referred to in Sections 6.1(a) and (b)) and such failure or default shall remain unremedied (i) in the case of any amounts payable under the other Loan Documents, for 3 days after notice from the Agent, (ii) in the case of covenants or agreements similar to the covenants or agreements contained in Section 5.2(a), (b), (c) and (d) of this Agreement, for 20 Business Days after the occurrence thereof; or (iii) in all other cases, for 30 days after the occurrence thereof. In the event that a breach of a covenant described in clause (iii) above cannot be cured within 30 days after the occurrence thereof and the Borrower or such other Person has during such 30-day period commenced to cure such breach and thereafter diligently pursues all necessary efforts to effect a cure, an Event of Default shall be deemed only to have occurred if the breach either cannot be remedied, or remains unremedied, for 60 days after the occurrence thereof.
Defaults Under Loan Documents. If an Event of Default shall occur under the Note or any other Loan Document and shall not be cured within any applicable grace period, and if an Event of Default shall occur under any Loan Document (as defined in the Loan Agreement dated as of July 12, 2011 by and between BCL Eclipse, LLC and Xxxxxxxx Potomac Yard, L.C.);
Defaults Under Loan Documents. Any Loan Party shall default in the performance of or compliance with any covenant or material provision contained herein or any of the other Loan Documents and such default shall not have been remedied or waived within 30 days after the earlier of (i) a Financial Officer of the Borrower obtaining actual knowledge of such default or (ii) receipt by the Borrower of notice from Administrative Agent or any Lender of such default; or
Defaults Under Loan Documents. The Borrower or any other Person (other than the Administrative Agent or any Lender) that is a party to any Loan Document shall fail to observe or perform any covenant or agreement (other than those referred to in Sections 6.1(a) and (b)) contained in any other Loan Document, or any default shall occur under any other Loan Document (other than those referred to in Sections 6.1(a) and (b)) and such failure or default shall remain unremedied (i) in the case of any amounts payable under the other Loan Documents, for three (3) days after notice from the Administrative Agent or the Administrative Agent, (ii) in the case of covenants or agreements similar to the covenants or agreements contained in Section 5.2(a), (b), (c) and (d) of this Agreement, for fifteen (15) Business Days after the occurrence thereof; or (iii) in all other cases, thirty (30) days after the occurrence thereof. In the event that a breach of a covenant described in clause (ii) above cannot be cured within thirty (30) days after the occurrence thereof and the Borrower has during such 30-day period commenced to cure such breach and thereafter diligently pursues all necessary efforts to effect a cure, an Event of Default shall be deemed only to have occurred if the breach either cannot be remedied, or remains unremedied, for sixty (60) days after the occurrence thereof.
Defaults Under Loan Documents. If an event of default shall occur under any of the Notes, the Guaranty or any other Loan Document and shall not be cured within any applicable grace period;
Defaults Under Loan Documents. If an Event of Default shall occur under the Note or any other Loan Document and shall not be cured within any applicable notice, cure and/or grace period provided for therein or herein prior to a breach becoming an Event of Default; for the avoidance of doubt, if Borrower fails to perform or observe or is in breach of any term, covenant, warranty or agreement contained in any other Loan Document and same does not expressly constitute an Event of Default, same shall be subject to the immediately preceding clause (c);
