OTHER LOAN DOCUMENT DEFAULTS Sample Clauses
The "Other Loan Document Defaults" clause defines a default as any breach or failure to perform obligations under related loan documents, not just the main loan agreement. This means that if the borrower violates terms in ancillary agreements—such as security agreements, guarantees, or promissory notes—such violations are treated as defaults under the primary loan contract as well. The core function of this clause is to ensure that all related agreements are enforced collectively, preventing borrowers from exploiting technicalities or inconsistencies between documents to avoid default consequences.
OTHER LOAN DOCUMENT DEFAULTS. To the extent any such failure, breach or inaccuracy has, or would have, a Material Adverse Effect, the failure by a Borrower or Homestead to perform or observe, as and when required, any covenant, agreement, obligation or condition required to be performed or observed under this Agreement or under any of the other Loan Documents other than as set forth elsewhere in this Article 7 (for which no additional grace or cure period is given by this Section 7.2, or the existence of any breach or inaccuracy in any of the representations, covenants or warranties set forth in this Agreement or in any of the other Loan Documents, provided, however, that (i) no Event of Default shall exist hereunder on account of a breach of any representation, warranty or covenant set forth in any of the other Loan Documents (other than this Agreement) until Homestead or such Borrower, as applicable, shall have failed to cure such breach within any applicable notice and cure period therein provided; and (ii) no Event of Default shall exist hereunder on account of a breach of any representation, warranty or covenant contained herein unless and until Atlantic shall provide written notice of such breach to Homestead or such Borrower and such entity shall fail to cure the same within 30 days after receipt of such notice, provided if such breach is of such a nature that it cannot be cured within such 30 day period, it shall not constitute an Event of Default hereunder so long as Homestead or such Borrower, as applicable, commences its cure of such breach within such 30 day period and thereafter diligently and continuously proceeds with the curing of same within a reasonable period of time not to exceed 180 days.
OTHER LOAN DOCUMENT DEFAULTS. The Borrowers shall fail to perform (a) any obligation set forth in Sections 6.1, 6.2, 6.3, 6.4, 6.5, 7.2, 8.1, 8.2, 8.3, 8.4, 8.5, 8.9, 8.10, 8.11 and 8.12 of this Agreement; or (b) any other obligation contained in this Agreement or the other Loan Documents, and such failure shall continue for 30 days after the earlier of actual knowledge by the Borrowers or written notice thereof from the Agent.
OTHER LOAN DOCUMENT DEFAULTS. The Borrower shall fail to perform (i) any obligation set forth in Section 7.2, 7.13, 8.1, 8.2, 8.3, 8.4, 8.5, 8.9, 8.10, 8.11 or 8.12(ii) of this Agreement; or (ii) any obligation set forth in Section 8.12(i), and such failure shall continue for 180 days after the earlier of actual knowledge by the Borrower or written notice thereof from the Agent; or (iii) any other obligation contained in this Agreement or the other Loan Documents, and such failure shall continue for 30 days after the earlier of actual knowledge by the Borrower or written notice thereof from the Agent.
OTHER LOAN DOCUMENT DEFAULTS. The Company or any other Loan ---------------------------- Party shall be in default under any of the other Loan Documents (after taking into account the giving of any notice and the expiration of the applicable cure period (if any) required pursuant to the applicable terms of such other Loan Document or Loan Documents).
OTHER LOAN DOCUMENT DEFAULTS. 46 9.4 BANKRUPTCY.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 9.5
OTHER LOAN DOCUMENT DEFAULTS. The Borrower shall fail to perform (i) any obligation set forth in Sections 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 7.1, 7.2, 7.3, 7.6, 7.7, 7.9, 8.1, 8.2, 8.3, 8.4, 8.5, 8.8, 8.9, 8.10, and 8.11 of this Agreement; or (ii) any other obligation contained in this Agreement or the other Loan Documents, and such failure shall continue for 30 days after the earlier of actual knowledge by the Borrower or written notice thereof from the Agent.