Common use of 20x Clause in Contracts

20x. All calculations of Debt Service Coverage Ratio for purposes of this Section 5.1.14 shall be subject to verification by Lender. If Borrower fails to comply with this Sec tion 5.1.14, or if an Event of Default shall be continuing, Borrower shall, at the request of Lender, terminate the Management Agreement and replace the Manager with a manager reasonably approved by Lender on terms and conditions reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)

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20x. All calculations of Debt Service Coverage Ratio for purposes of this Section 5.1.14 5.2.14 shall be subject to verification by Lender. If Borrower fails to comply with this Sec tion 5.1.145.2.14, or if an Event of Default shall be continuing, Borrower shall, at the request of Lender, terminate the Management Agreement and replace the Manager with a manager reasonably approved by Lender on terms and conditions reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)

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