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40 ARTICLE VI EVENTS OF DEFAULT AND REMEDIES; REMEDIES Section 6.01. Events of Default. The following shall be "Events of Default" under this Loan Agreement and the Note and the terms "Event of Default" or "Default" shall mean, whenever they are used in this Loan Agreement, any one or more of the following events: (a) an Event of Default as defined in Section 7.01(a) or (b) of the Indenture shall have occurred and be continuing; (b) the Borrower shall fail to pay when due any payment required to be paid under Section 3.02 hereof; (c) the Borrower shall fail to pay when due any payment required to be made under this Loan Agreement or the Note, which failure shall continue for a period of 30 days after written notice, specifying such failure and requesting that it be remedied, is given to the Borrower and N11C by the Issuer or the Trustee; (d) the Borrower shall fail to perform, observe or comply with any other of the terms, covenants, conditions or provisions contained in this Loan Agreement or the Note, which failure shall continue for a period of 30 days after written notice thereof shall have been given to the Borrower and NHC by the Issuer or the Trustee; provided, however, that if the Borrower or N11C shall proceed to take any curative action that, if begun and prosecuted with due diligence, cannot be completed within a period of 30 days, then such period shall be increased to such extent as shall be necessary to enable the Borrower or NHC to complete such curative action through the exercise of due diligence; (e) the Borrower shall become insolvent or the subject of insolvency proceedings or shall file a petition or other pleading seeking an "order for relief" within the meaning of the United States Bankruptcy Code, or shall file any petition or other pleading seeking any reorganization, composition, readjustment, liquidation of assets or similar relief for itself under any present or future law or regulation, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of the Borrower, or of substantially all of the assets of the Borrower, or shall make a general assignment for the benefit of creditors, or shall be unable or admit in writing its inability to pay its debts generally as they become due; (f) a petition or other pleading shall be filed against the Borrower seeking an "order for relief" within the meaning of the United States Bankruptcy Code or any reorganization, composition, readjustment, liquidation of assets or similar relief under any present or future law or regulation, and shall remain undismissed or unstayed for an aggregate period of 90 days (whether or not consecutive), or if, by an order or decree of a court of competent jurisdiction, the Borrower shall become the subject of an "order for relief" within the meaning of the United States Bankruptcy Code or relief shall be granted under or pursuant to any such petition or other pleading, or if, by order or decree of such court, 19