Common use of Default as to Other Indebtedness Clause in Contracts

Default as to Other Indebtedness. (i) Borrower, the REIT or any Unconsolidated Affiliate (unless such occurrence with respect to such Unconsolidated Affiliate will not result in a Material Adverse Effect on Borrower) shall have (A) failed to pay when due (beyond any applicable grace period), any amount in respect of any Indebtedness (other than Nonrecourse Indebtedness) of such party other than the Obligations if the aggregate amount of such other Indebtedness is Twenty Million Dollars ($20,000,000) or more; or (B) otherwise defaulted (beyond any applicable grace period) under any Indebtedness of such party other than the Obligations if (1) the aggregate amount of such other Indebtedness is Twenty Million Dollars ($20,000,000) or more, and (2) the holder of such Indebtedness has accelerated such Indebtedness; or (ii) any such other Indebtedness shall have otherwise become payable, or be required to be purchased or redeemed, prior to its scheduled maturity; or (iii) the holder(s) of any Lien, in any amount, commence foreclosure of such Lien upon any Property having an aggregate value in excess of Twenty Million Dollars ($20,000,000); or (iv) any “Event of Default” shall exist under the Unsecured Term Note Indenture, or (v) any “Event of Default” shall exist under the Term Loan Agreement relating to the Fleet Term Loan.

Default as to Other Indebtedness. (i) Borrower, the REIT REIT, any Guarantor Subpartnership or any Unconsolidated Affiliate (unless such occurrence with respect to such Unconsolidated Affiliate will not result in a Material Adverse Effect on Borrower) Majority Partnership shall have (A) failed to pay when due (beyond any applicable grace period), any amount in respect of any Indebtedness (other than Nonrecourse Indebtedness) of such party other than the Obligations if the aggregate amount of such other Indebtedness is Twenty Ten Million Dollars ($20,000,00010,000,000) or more; or (B) otherwise defaulted (beyond any applicable grace period) under any Indebtedness of such party other than the Obligations if (1) the aggregate amount of such other Indebtedness is Twenty Ten Million Dollars ($20,000,00010,000,000) or more, and (2) the holder of such Indebtedness has accelerated such Indebtedness; or (ii) any such other Indebtedness shall have otherwise become payable, or be required to be purchased or redeemed, prior to its scheduled maturity; or (iii) the holder(s) of any Lien, in any amount, commence foreclosure of such Lien upon any Property having an aggregate value in excess of Ten Million Dollars ($10,000,000); provided, however, that the foregoing $10,000,000 limitation shall be increased to Twenty Million Dollars ($20,000,000); ) in the case of Nonrecourse Indebtedness, so long as such default under or (iv) any “foreclosure on such Nonrecourse Indebtedness shall not give rise to an Event of Default” shall exist Default under the Unsecured Term Note Indenture, or (v) any “Event of Default” shall exist under the Term Loan Agreement relating to the Fleet Term LoanSection 10.1.14.

Default as to Other Indebtedness. (i) Borrower, the REIT or any Unconsolidated Affiliate (unless such occurrence with respect to such Unconsolidated Affiliate will not result in a Material Adverse Effect on Borrower) GP Partnership shall have (A) failed to pay when due (beyond any applicable grace period), any amount in respect of any Indebtedness (other than Nonrecourse Indebtedness) of such party other than the Obligations if the aggregate amount of such other Indebtedness is Twenty Ten Million Dollars ($20,000,00010,000,000) or more; or (B) otherwise defaulted (beyond any applicable grace period) under any Indebtedness of such party other than the Obligations if (1) the aggregate amount of such other Indebtedness is Twenty Ten Million Dollars ($20,000,00010,000,000) or more, and (2) the holder of such Indebtedness has accelerated such Indebtedness; or (ii) any such other Indebtedness shall have otherwise become payable, or be required to be purchased or redeemed, prior to its scheduled maturity; or (iii) the holder(s) of any Lien, in any amount, commence foreclosure of such Lien upon any Property having an aggregate value in excess of Twenty Ten Million Dollars ($20,000,00010,000,000); or (iv) any “"Event of Default” " shall exist under the Unsecured Term Note Indenture, or (v) any “"Event of Default” " shall exist under the Term Loan Agreement relating to the Fleet BankBoston Term Loan; or (vi) any "Event of Default" shall exist under the Revolving Credit Agreement.

Default as to Other Indebtedness. (i) Borrower, the REIT or any Unconsolidated Affiliate (unless such occurrence with respect to such Unconsolidated Affiliate will not result in a Material Adverse Effect on Borrower) GP Partnership shall have (A) failed to pay when due (beyond any applicable grace period), any amount in respect of any Indebtedness (other than Nonrecourse Indebtedness) of such party other than the Obligations if the aggregate amount of such other Indebtedness is Twenty Ten Million Dollars ($20,000,00010,000,000) or more; or (B) otherwise defaulted (beyond any applicable grace period) under any Indebtedness of such party other than the Obligations if (1) the aggregate amount of such other Indebtedness is Twenty Ten Million Dollars ($20,000,00010,000,000) or more, and (2) the holder of such Indebtedness has accelerated such Indebtedness; or (ii) any such other Indebtedness shall have otherwise become payable, or be required to be purchased or redeemed, prior to its scheduled maturity; or (iii) the holder(s) of any Lien, in any amount, commence foreclosure of such Lien upon any Property having an aggregate value in excess of Twenty Ten Million Dollars ($20,000,00010,000,000); or (iv) any “"Event of Default” " shall exist under the Unsecured Term Note Indenture, or (v) any “"Event of Default” " shall exist under the Term Loan Agreement relating to the Fleet BankBoston Term Loan.

Default as to Other Indebtedness. (i) Borrower, the REIT or any Unconsolidated Affiliate (unless such occurrence with respect to such Unconsolidated Affiliate will not result in a Material Adverse Effect on Borrower) shall have (A) failed to pay when due (beyond any applicable grace period), any amount in respect of any Indebtedness (other than Nonrecourse Indebtedness) of such party other than the Obligations if the aggregate amount of such other Indebtedness is Twenty Million Dollars ($20,000,000) or more; or (B) otherwise defaulted (beyond any applicable grace period) under any Indebtedness of such party other than the Obligations if (1) the aggregate amount of such other Indebtedness is Twenty Million Dollars ($20,000,000) or more, and (2) the holder of such Indebtedness has accelerated such Indebtedness; or (ii) any such other Indebtedness shall have otherwise become payable, or be required to be purchased or redeemed, prior to its scheduled maturity; or (iii) the holder(s) of any Lien, in any amount, commence foreclosure of such Lien upon any Property having an aggregate value in excess of Twenty Million Dollars ($20,000,000); or (iv) any “"Event of Default” " shall exist under the Unsecured Term Note Indenture, or (v) any “"Event of Default” " shall exist under the Term Loan Agreement relating to the Fleet Term LoanRevolving Credit Agreement.