Common use of Other Defaults Under Base Indenture Clause in Contracts

Other Defaults Under Base Indenture. Any default in the observance or performance of any covenant or agreement of any Obligor contained in this Base Indenture (other than as provided in Section 10.01(a)), or any breach of any representation or warranty contained in this Base Indenture, which default or breach is reasonably likely to cause a Material Adverse Effect and which continues unremedied for a period of 30 days after (x) receipt by any Obligor of written notice from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written notice thereof) (with a copy to the Servicer and the Back-Up Manager) or the Servicer (with a copy to the Indenture Trustee and Back-Up Manager) of such default requiring such default to be remedied or (y) the Manager obtains Knowledge of any such default or breach; provided, however, that if (i) the default or breach is reasonably susceptible of cure but not within such period of 30 days, (ii) the Obligors have commenced the cure within such 30-day period and have pursued such cure diligently, and (iii) the Obligors deliver to the Indenture Trustee and the Servicer promptly following written demand (which demand may be made from time to time by the Indenture Trustee (acting solely at the written direction of the Servicer) or the Servicer) evidence reasonably satisfactory to the Indenture Trustee (acting solely at the written direction of the Servicer) and the Servicer of the foregoing, then such period shall be extended for so long as is reasonably necessary for the Obligors in the exercise of due diligence to cure such default or breach, but in no event beyond 90 days after such 30-day period; provided that the Obligors diligently and continuously pursue such cure;

Other Defaults Under Base Indenture. Any default in the observance or performance of any covenant or agreement of any Obligor the Issuer contained in this Base Indenture (other than as provided in Section 10.01(a)), or any breach of any representation or warranty contained in this Base Indenture, which default or breach is reasonably likely to cause a Material Adverse Effect and which continues unremedied for a period of 30 thirty (30) days after (x) receipt by any Obligor the Issuer of written notice from the Indenture Trustee or the Servicer (to the extent a Responsible Officer of the Indenture Trustee or the Servicer, as applicable, has received written notice thereof) (with a copy to the Servicer and the Back-Up Manager) or the Servicer (with a copy to the Indenture Trustee and Back-Up ManagerTrustee, as applicable) of such default requiring such default to be remedied or (y) the Manager obtains Knowledge of any such default or breach; provided, however, that if (i) the default or breach is reasonably susceptible of cure but not within such period of 30 thirty (30) days, (ii) the Obligors have Issuer has commenced the cure within such 30-day thirty (30)-day period and have has pursued such cure diligently, and (iii) the Obligors deliver Issuer delivers to the Indenture Trustee and the Servicer promptly following written demand (which demand may be made from time to time by the Indenture Trustee (acting solely at the written direction of the Servicer) or the Servicer) evidence reasonably satisfactory to the Indenture Trustee (acting solely at the written direction of the Servicer) and the Servicer of the foregoing, then such period shall be extended for so long as is reasonably necessary for the Obligors Issuer in the exercise of due diligence to cure such default or breach, but in no event beyond 90 ninety (90) days after such 30-day periodthe original notice of default or breach; provided that the Obligors defaulting or breaching party diligently and continuously pursue pursues such cure;

Other Defaults Under Base Indenture. Any default in the observance or performance of any covenant or agreement of any Obligor the Obligors contained in this Base Indenture (other than as provided in Section 10.01(a)), or any breach of any representation or warranty contained in this Base Indenture, which default or breach is reasonably likely to cause a Material Adverse Effect and which continues unremedied for a period of 30 thirty (30) days after (x) receipt by any Obligor the Issuer of written notice from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written notice thereof) (with a copy to the Servicer and the Back-Up Manager) or the Servicer (with a copy to the Indenture Trustee and Back-Up Manager) of such default requiring such default to be remedied or (y) the Manager obtains Knowledge of any such default or breach; provided, however, that if (i) the default or breach is reasonably susceptible of cure but not within such period of 30 thirty (30) days, (ii) the Obligors have commenced the cure within such thirty (30-) day period and have pursued such cure diligently, and (iii) the Obligors deliver to the Indenture Trustee and the Servicer promptly following written demand (which demand may be made from time to time by the Indenture Trustee (acting solely at the written direction of the Servicer) or the Servicer) evidence reasonably satisfactory to the Indenture Trustee (acting solely at the written direction of the Servicer) and the Servicer of the foregoing, then such period shall be extended for so long as is reasonably necessary for the Obligors in the exercise of due diligence to cure such default or breach, but in no event beyond 90 ninety (90) days after such 30-day periodthe original notice of default or breach; provided that the Obligors continue to diligently and continuously pursue such cure;