Common use of Events of Default under Loan Agreement Clause in Contracts

Events of Default under Loan Agreement. Each of the following events shall constitute an “Event of Default” hereunder: (a) Failure to make any payment or mandatory prepayment of principal on the Promissory Note, or failure to make any payment of interest on the Promissory Note, within five (5) Business Days after the date when due. (b) Failure by the Borrower to perform or observe any term, condition or covenant of this Loan Agreement or of any of the other Loan Documents, including, without limitation, the Promissory Note and the Pledge Agreement, provided, however, that such failure is not cured by the Borrower within five (5) Business Days after notice of such failure is provided to the Borrower by the Lender. (c) Any representation or warranty made in writing to the Lender in any of the Loan Documents or any certificate, statement or report made or delivered in compliance with this Loan Agreement, shall have been false or misleading in any material respect when made or delivered.

Events of Default under Loan Agreement. Each of the following events shall constitute an “"Event of Default” " hereunder: (a) Failure to make any payment or mandatory prepayment of principal on of the Promissory Note, or failure to make any payment of interest on the Promissory Note, within five (5) Business Days after the date when due. (b) Failure by the Borrower to perform or observe any term, condition or covenant of this Loan Agreement or of any of the other Loan Documents, including, without limitation, the Promissory Note and the Pledge Agreement, providedPROVIDED, howeverHOWEVER, that such failure is not cured by the Borrower within five (5) Business Days after notice of such failure is provided to the Borrower by the Lender. (c) Any representation or warranty made in writing to the Lender in any of the Loan Documents or any certificate, statement or report made or delivered in compliance with this Loan Agreement, shall have been false or misleading in any material respect when made or delivered.

Events of Default under Loan Agreement. Each of the following events shall constitute an “"Event of Default” " hereunder: (a) Failure to make any payment or mandatory prepayment of principal on of the Promissory Note, or failure to make any payment of interest on the Promissory Note, within not later than five (5) Business Days after the date when due. (b) Failure by the Borrower to perform or observe any term, condition or covenant of this Loan Agreement or of any of the other Loan Documents, including, without limitation, the Promissory Note and the Pledge Agreement, provided, however, that provided such failure is not cured by the Borrower within five (5) Business Days after notice of such failure is provided to the Borrower by the Lender. (c) Any representation or warranty made in writing to the Lender in any of the Loan Documents or any certificate, statement or report made or delivered in compliance with this Loan Agreement, shall have been false or misleading in any material respect when made or delivered.

Events of Default under Loan Agreement. Each of the following events shall constitute an “"Event of Default” " hereunder: (a) Failure to make any payment or mandatory prepayment of principal on of the Promissory NoteNote when due, or failure to make any payment of interest on the Promissory Note, within Note not later than five (5) Business Days after the date when due. (b) Failure by the Borrower to perform or observe any term, condition or covenant of this Loan Agreement or of any of the other Loan Documents, including, without limitation, the Promissory Note and the Pledge Agreement; PROVIDED, provided, howeverHOWEVER, that such failure is not cured by the Borrower within five (5) Business Days after notice of such failure is provided to the Borrower by the Lender. (c) Any representation or warranty made in writing to the Lender in any of the Loan Documents or any certificate, statement or report made or delivered in compliance with this Loan Agreement, shall have been false or misleading in any material respect when made or delivered.

Events of Default under Loan Agreement. Each of the following events shall constitute an “Event of Default” hereunder: (a) Failure to make any payment or mandatory prepayment of principal on of the Promissory Note, or failure to make any payment of interest on the Promissory Note, within five (5) Business Days after the date when due. (b) Failure by the Borrower to perform or observe any term, condition or covenant of this Loan Agreement or of any of the other Loan Documents, including, without limitation, the Promissory Note and the Pledge Agreement, provided, however, that such failure is not cured by the Borrower within five (5) Business Days after notice of such failure is provided to the Borrower by the Lender. (c) Any representation or warranty made in writing to the Lender in any of the Loan Documents or any certificate, statement or report made or delivered in compliance with this Loan Agreement, shall have been false or misleading in any material respect when made or delivered.

Events of Default under Loan Agreement. Each of the following events shall constitute an “"Event of Default” " hereunder: (a) Failure to make any payment or mandatory prepayment of principal on of the Promissory NoteNote when due, or failure to make any payment of interest on the Promissory Note, within Note not later than five (5) Business Days after the date when due. (b) Failure by the Borrower to perform or observe any term, condition or covenant of this Loan Agreement or of any of the other Loan Documents, including, without limitation, the Promissory Note and the Pledge Agreement, ; provided, however, that such failure is not cured by the Borrower within five (5) Business Days after notice of such failure is provided to the Borrower by the Lender. (c) Any representation or warranty made in writing to the Lender in any of the Loan Documents or any certificate, statement or report made or delivered in compliance with this Loan Agreement, shall have been false or misleading in any material respect when made or delivered.