Common use of Certain Agreements and Waivers by Guarantor Clause in Contracts

Certain Agreements and Waivers by Guarantor. (a) Guarantor hereby agrees that each of the following shall constitute Events of Default hereunder (i) the occurrence of a default, beyond expiration of applicable grace, notice and cure periods, by Guarantor in payment of the Guaranteed Obligations, or any part thereof, when such indebtedness becomes due and (ii) an “Event of Default” with respect to Guarantor under Section 10.1 of the Loan Agreement.

Appears in 1 contract

Samples: Completion Guaranty (Pacific Oak Strategic Opportunity REIT, Inc.)

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Certain Agreements and Waivers by Guarantor. (a) Guarantor hereby agrees that each of the following shall constitute Events of Default hereunder (i) the occurrence of a default, beyond expiration of applicable grace, notice and cure periods, by Guarantor in payment of the Guaranteed ObligationsRecourse Obligations of Borrower, or any 3 part thereof, when such indebtedness becomes due and (ii) an “Event of Default” with respect to Guarantor under Section 10.1 of the Loan Agreement.

Appears in 1 contract

Samples: Guaranty of Recourse Obligations (Pacific Oak Strategic Opportunity REIT, Inc.)

Certain Agreements and Waivers by Guarantor. (a) Guarantor hereby agrees that each of the following shall constitute Events of Default hereunder (i) the occurrence of a default, beyond expiration of applicable grace, notice and cure periods, by Guarantor in payment of the Guaranteed Obligations, or any part thereof, when such indebtedness becomes due and (ii) an “Event of Default” with respect to Guarantor under Section 10.1 of the Loan Agreement.. 3

Appears in 1 contract

Samples: Funding Guaranty (Pacific Oak Strategic Opportunity REIT, Inc.)

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Certain Agreements and Waivers by Guarantor. (a) Guarantor hereby agrees that each of the following shall constitute Events of Default hereunder (i) the occurrence of a default, beyond expiration of applicable grace, notice and cure periods, by Guarantor in payment of the Guaranteed Obligations, or any part thereof, when such indebtedness becomes due and (ii) an “Event of Default” with respect to Guarantor under Section 10.1 of the Loan Agreement.

Appears in 1 contract

Samples: Guaranty of Interest and Carry Costs (Pacific Oak Strategic Opportunity REIT, Inc.)

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