Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in [subsection (a) or (b)])] above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after receipt of notice by the Loan Parties; or
No Defaults. The Material Contracts of [[Organization B:Organization]] are valid and binding agreements of [[Organization B:Organization]], as applicable, and are in full force and effect and are enforceable in accordance with their terms. Except as would not have a Material Adverse Effect, [[Organization B:Organization]] is not in breach or default of any of its Material Contracts to which it is a party and, to the knowledge of [[Organization B:Organization]], no other party to any of its Material Contracts is in breach or default thereof. Except as would not have a Material Adverse Effect, no event has occurred or circumstance has existed that (with or without notice or lapse of time) would # contravene, conflict with or result in a violation or breach of, or become a default or event of default under, any provision of any of its Material Contracts or # permit [[Organization B:Organization]] or any other Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate or modify any of its Material Contracts. [[Organization B:Organization]] has not received any notice and has no knowledge of any pending or threatened cancellation, revocation or termination of any of its Material Contracts to which it is a party, and there are no renegotiations of, or attempts to renegotiate.
No Waiver of Defaults. This First Amendment does not constitute # a waiver of, or a consent to, # any provision of the Loan Agreement or any other Loan Document not expressly referred to in this First Amendment, or # any present or future violation of, or Default under, any provision of the Loan Documents, or # a waiver of Agents or any Lenders right to insist upon future compliance with each term, covenant, condition and provision of the Loan Documents.
Waiver of Existing Defaults. Upon the terms and subject to the conditions set forth in this Amendment, Lender hereby waives the Existing Defaults. This waiver of the Existing Defaults shall be effective only in this specific instance and for the specific purpose for which it is given, and shall not entitle Borrowers to any other or further waiver in any similar or other circumstances.
"Anticipated Defaults" means, collectively, the Events of Default identified on [Exhibit A] hereto as the "Anticipated Defaults".
"Existing Defaults" means, collectively, the Events of Default identified on [Exhibit A] hereto as the "Existing Defaults".
Events of Default; Servicer Defaults. There has occurred a “servicer default” or “event of default” (or terms comparable thereto) under any Permitted Facility that is continuing beyond any applicable cure period and which # constitutes a payment default, # results in the Debt thereunder becoming due and payable prior to its stated maturity or # remains continuing for more than 30 days (or such longer period as Agent may agree) after the occurrence thereof without a waiver.
Notice of Events of Defaults. So long as the Note remains outstanding, [[Organization B:Organization]] shall provide to [[Organization A:Organization]], as soon as possible and, in any event, within seven (7) Business Days after the occurrence thereof, with written notice of each event which either # is an Event of Default (as defined in the Note), or # with the giving of notice or lapse of time or both would constitute an Event of Default, in each case setting forth the details of such event and the action which is proposed to be taken by [[Organization B:Organization]] with respect thereto.
Defaults and Events of Default. The occurrence of any of the following events shall constitute an “Event of Default”: # the Borrower fails to perform any other covenant, condition, or agreement set forth in this Agreement, or any other agreement by and between Borrower and Lender, and such failure continues unremedied for thirty (30) days after the Borrower’s receipt of written notice thereof from the Lender; # an Act of Insolvency (as defined below) occurs in relation to the Borrower; or # the Borrower becomes bankrupt or insolvent as defined in any bankruptcy or insolvency law applicable to it. As used in this
No Defaults under Other Obligations. No default under any note, credit agreement or other document relating to existing Indebtedness of any of the Loan Parties shall occur as a result of this Amendment.
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