Common use of Compliance and Default Clause in Contracts

Compliance and Default. As additional conditions to Lenders’ obligations under this Agreement, all tenants having the right to do so must approve all Plans and all changes thereto, the construction of the Improvements, and all other aspects of the Project requiring tenants’ approval. A default by Borrower under or any failure by Borrower to satisfy any of the conditions of a lease shall constitute a Default under this Agreement. Borrower shall promptly notify Administrative Agent in writing of any failure by any party to perform any material obligation under any lease, any event or condition which would permit a tenant to terminate or cancel a lease, or any notice given by a tenant with respect to the foregoing, specifying in each case the action Borrower has taken or will take with respect thereto.

Compliance and Default. As additional conditions to Lenders’ obligations under this Agreement, all tenants Tenants having the right to do so must approve all Plans plans and all changes thereto, the construction of the Tenant Improvements, and all other aspects of the Project requiring tenantsTenants’ approval. A default by Borrower under or any failure by Borrower to satisfy any of the conditions of a lease Lease shall constitute a Default under this AgreementDefault. Borrower shall promptly notify Administrative Agent in writing of any failure by any party to perform any material obligation under any leaseLease, any event or condition which would permit a tenant Tenant to terminate or cancel a leaseLease, or any notice given by a tenant Tenant with respect to the foregoing, specifying in each case the action Borrower has taken or will take with respect thereto.. EXHIBIT “J”