Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any Loan Document if Agent shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Lenders upon the occurrence thereof.
Appears in 8 contracts
Samples: Loan Agreement, Loan Agreement (Empire State Realty Trust, Inc.), Loan Agreement (Empire State Building Associates L.L.C.)
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any Loan Document if Agent Lender shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Lenders Lender upon the occurrence thereof.
Appears in 4 contracts
Samples: Second Mezzanine Loan Agreement, Second Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Building Loan Agreement (Alterra Healthcare Corp)
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any Loan Document if Agent shall have waived such Event of Default in writing or stated provided in writing that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Lenders upon the occurrence thereof.
Appears in 2 contracts
Samples: Loan Agreement (Hilton Worldwide Holdings Inc.), Loan Agreement (Sothebys)
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any other Loan Document if Agent Lender shall have waived such Event of Default in writing or stated in writing that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Lenders Lender upon the occurrence thereof.
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement, the Reimbursement Agreement or any Loan Financing Document if Agent Bank shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Lenders Bank upon the occurrence thereof.
Appears in 1 contract
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any other Building Loan Document if Agent shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Agent or Lenders upon the occurrence thereof.
Appears in 1 contract
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any other Project Loan Document if Agent shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Agent or Lenders upon the occurrence thereof.
Appears in 1 contract
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any Loan Document if Agent Bank shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of Lenders Bank upon the occurrence thereof.
Appears in 1 contract
Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement or any Loan Document if Agent the Lender shall have waived such Event of Default in writing or stated that the same has been cured to its reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any 17 of the rights of Lenders the Lender upon the occurrence thereof.
Appears in 1 contract
Samples: Assumption, Extension and Loan Agreement (Mark Centers Trust)
