Default Condition. The occurrence or existence of an event or condition which, upon the giving of notice or the passage of time, or both, would constitute an Event of Default.
Appears in 5 contracts
Samples: Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Brassie Golf Corp)
Default Condition. The occurrence or existence of an event any Event of Default or the existence of any condition or state of facts which, upon with the giving of notice or the passage of time, or both, would constitute an Event of Default.
Appears in 2 contracts
Samples: Acadia Tarrytown (Acadia Realty Trust), Mortgage Consolidation and Modification Agreement (Acadia Realty Trust)
