Common use of Covenants, Agreements and Other Conditions Clause in Contracts

Covenants, Agreements and Other Conditions. The Borrower fails to perform or observe any of the covenants, agreements and conditions contained in this Agreement or any of the other Loan Documents not specifically referred to in any other Section of this Article X, in accordance with the terms hereof or thereof, and such Default continues unremedied for a period of thirty (30) days after written notice from Administrative Agent, provided, however, that if such Default is susceptible of cure but cannot by the use of reasonable efforts be cured within such thirty (30) day period, such Default shall not constitute an Event of Default under this Section 10.7 so long as (i) the Borrower has commenced a cure within such thirty-day period in a manner satisfactory to the Administrative Agent and (ii) thereafter, Borrower is proceeding to cure such default continuously and diligently and in a manner reasonably satisfactory to Administrative Agent and (iii) such default is cured to Administrative Agent's satisfaction not later than sixty (60) days after the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Assignment Agreement (Great Lakes Reit Inc)

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Covenants, Agreements and Other Conditions. The Borrower fails to perform or observe any of the covenants, agreements and conditions contained in this Agreement or any of the other Loan Documents not specifically referred to in any other Section of this Article ARTICLE X, in accordance with the terms hereof or thereof, and such Default continues unremedied for a period of thirty (30) days after written notice from Administrative Agent, providedPROVIDED, howeverHOWEVER, that if such Default is susceptible of cure but cannot by the use of reasonable efforts be cured within such thirty (30) day period, such Default shall not constitute an Event of Default under this Section SECTION 10.7 so long as (i) the Borrower has commenced a cure within such thirty-day period in a manner satisfactory to the Administrative Agent and (ii) thereafter, Borrower is proceeding to cure such default continuously and diligently and in a manner reasonably satisfactory to Administrative Agent and (iii) such default is cured to Administrative Agent's satisfaction not later than sixty (60) days after the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Assignment Agreement (Great Lakes Reit Inc)

Covenants, Agreements and Other Conditions. The Borrower fails to perform or observe any of the covenants, agreements and conditions contained in this Agreement or any of the other Loan Documents not specifically referred to in any other Section of this Article ARTICLE X, in accordance with the terms hereof or thereof, and such Default continues unremedied for a period of thirty (30) days after written notice from Administrative Agent, provided, howeverHOWEVER, that if such Default is susceptible of cure but cannot by the use of reasonable efforts be cured within such thirty (30) day period, such Default shall not constitute an Event of Default under this Section SECTION 10.7 so long as (i) the Borrower has commenced a cure within such thirty-day period in a manner satisfactory to the Administrative Agent and (ii) thereafter, Borrower is proceeding to cure such default continuously and diligently and in a manner reasonably satisfactory to Administrative Agent and (iii) such default is cured to Administrative Agent's satisfaction not later than sixty (60) days after the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Assignment Agreement (Great Lakes Reit)

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Covenants, Agreements and Other Conditions. The Borrower fails to perform or observe any of the covenants, agreements and conditions contained in this Agreement or any of the other Loan Documents Documents, not specifically referred to in any other Section of this Article X, in accordance with the terms hereof or thereof, and such Default continues unremedied for a period of thirty (30) days after written notice from Administrative Agent, provided, however, that if such Default is susceptible of cure but cannot by the use of reasonable efforts be cured within such thirty (30) day period, such Default shall not constitute an Event of Default under this Section 10.7 so long as (i) the Borrower has commenced a cure within such thirty-day period in a manner satisfactory to the Administrative Agent Agent, and (ii) thereafter, Borrower is proceeding to cure such default continuously and diligently and in a manner reasonably satisfactory to Administrative Agent Agent, and (iii) such default is fully cured to Administrative Agent's ’s satisfaction not later than sixty (60) days after the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Revolving Credit Agreement (LNR Property Corp)

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