BREACH OF REPORTING PROVISIONS. Failure of any Borrower Party to perform or comply with any term or condition contained in Section 5.1 which continues for a period of ten (10) days after written notice to the Borrowers (except that no notice or grace period shall be granted for any breach under Section 5.1(H)); or
Appears in 14 contracts
Samples: Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc)
BREACH OF REPORTING PROVISIONS. Failure of any Borrower Party to perform or comply with any term or condition contained in Section 5.1 which continues for a period of ten (10) days after written notice to the Borrowers Borrower (except that no notice or grace period shall be granted for any breach under Section 5.1(H)); or
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Lodgian Inc), Mezzanine Loan Agreement (Lodgian Inc)
BREACH OF REPORTING PROVISIONS. Failure of any Borrower Party to perform or comply with any term or condition contained in Section 5.1 which continues for a period of ten thirty (1030) days after written notice notice; provided, Borrowers shall not be entitled to the Borrowers receive more than two (except that no notice or grace period shall be granted for 2) such notices in any breach under Section 5.1(H))twelve (12) month period; or
Appears in 1 contract
Samples: Loan and Security Agreement (Education Realty Trust, Inc.)
