ERISA; Negative Covenants. A default shall occur in the due performance or observance by Borrower of any term, covenant or agreement contained in Section 5.8 or in Article VI.
ERISA; Negative Covenants. A default shall occur in the due performance or observance by any Borrower of any term, covenant or agreement contained in Section 5.8 or in Article VI; provided that if such default is susceptible of being cured, such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 days after Borrower receives written notice thereof, for a default which can be cured by the payment of money, or for 30 days after Borrower receives written notice thereof, for a default which cannot be cured by the payment of money; or any ERISA Event with respect to a Plan shall have occurred and the same shall have a Material Adverse Effect.
ERISA; Negative Covenants. A default shall occur in the due performance or observance by Borrower or Approved Music Venue Manager of any term, covenant or agreement contained in Section 5.8 or in Article VI, provided that such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 days after Borrower receives written notice thereof.
ERISA; Negative Covenants. A default beyond applicable notice and grace periods shall occur in the due performance or observance by Borrower of any term, covenant or agreement contained in Section 5.8 or in Article VI; provided that such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 Business Days after Borrower receives written notice thereof.
ERISA; Negative Covenants. If a default occurs in the due performance or observance by Borrower of any term, covenant or agreement contained in Section 5.8 or in Article VI; provided that such default shall not constitute an Event of Default unless and until it remains uncured for 15 Business Days after Borrower receives written notice thereof from Lender. (h)
ERISA; Negative Covenants. A default shall occur in the due performance or observance by Borrower of any term, covenant or agreement contained in Section 5.8 or in Article VI; except that in the case of a default that can be cured through the payment of money, such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 days after Borrower receives written notice thereof from Lender, and in the case of a non-monetary default susceptible of being cured, such default shall not constitute an Event of Default unless and until it remains uncured for 30 days after Borrower receives written notice thereof from Lender; provided, however, that in connection with any default under Section 6.15, Borrower’s cure thereof shall not be effective unless and until Borrower shall deliver to Lender a new non-consolidation opinion satisfactory to (A) prior to the occurrence of any Securitization of the Loan, Lender (Lender’s approval of any such non-consolidation opinion that is in substantially the form of the Nonconsolidation Opinion not to be unreasonably withheld), and (B) at any time following any Securitization or series of Securitizations of the Loan, each of the Rating Agencies rating such Securitization or Securitizations.
ERISA; Negative Covenants. A default shall occur in the due performance or observance by any Obligor of any term, covenant or agreement contained in Section 5.9 or Article VI, and if such default is susceptible of cure such default is not cured within 30 days after written notice from Lender, provided, however, that if any such default which cannot be cured by the payment of money is susceptible of cure but cannot reasonably be cured within such 30-day period and the Obligors shall have commenced to cure such default within such 30-day period and thereafter diligently and expeditiously proceeds to cure the same, the Obligors shall have such additional time as is reasonably necessary to effect such cure, but in no event in excess of 90 days from the original notice and provided further that no cure period shall be available with respect to a default under Section 6.3, which default therefore shall constitute an immediate Event of Default).
ERISA; Negative Covenants. A default shall occur in the due performance or observance by Borrower of any term, covenant or agreement contained in Sections 5.8, 6.1, 6.2, 6.4, 6.5, 6.6, 6.8 (provided, that in the case of a breach of Section 6.8 only, such breach shall not constitute an Event of Default in the event that such breach shall be remedied within ten (10) Business Days after written notice thereof from Lender), 6.10, 6.13, 6.15 (provided, that in the case of a breach of Section 6.15 only, such breach shall not constitute an Event of Default in the event that such breach shall be remedied within a timely manner and in any event within not more than ten (10) days of Lender’s written request and within ten (10) days following the written request of Lender, Borrower delivers an update to the Nonconsolidation Opinion acceptable to Lender from a nationally recognized law firm (or a reputable law firm reasonably approved by Lender) confirming that such breach does not alter the opinions given therein), 6.16 and 6.17 (provided, that in the case of a breach of Section 6.17 only, such breach shall not constitute an Event of Default in the event that such breach shall be remedied within thirty (30) days after written notice thereof from Lender).
