DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.
Appears in 5 contracts
Samples: Gc Net Lease Reit, Inc., Republic Property Trust, Dividend Capital Total Realty Trust Inc.
DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also Borrxxxx xxxo agrees to pay to Lender on demand all costs of collection or defense incurred by XxxxxxLendxx, including xxcluding reasonable attorneys’ ' fees for the services of counsel whether or not suit be brought.
Appears in 3 contracts
Samples: First Union Real Estate Equity & Mortgage Investments, Sheldahl Inc, First Union Real Estate Equity & Mortgage Investments
DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all reasonable costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.
Appears in 3 contracts
Samples: Inland American Real Estate Trust, Inc., Inland American Real Estate Trust, Inc., Inland American Real Estate Trust, Inc.
DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ ' fees for the services of counsel whether or not suit be brought.
Appears in 3 contracts
Samples: Reading International Inc, First Potomac Realty Trust, First Potomac Realty Trust
DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx Bxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by XxxxxxLxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.
Appears in 2 contracts
Samples: AmREIT Monthly Income & Growth Fund III LTD, AmREIT Monthly Income & Growth Fund III LTD
DEFAULT AND ACCELERATION. So long as an Event of Default exists, exists Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all reasonable costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.
Appears in 1 contract
DEFAULT AND ACCELERATION. So long as an Event of Default existsexist, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ ' fees for the services of counsel whether or not suit be brought.
Appears in 1 contract
Samples: Alford Refrigerated Warehouses Inc