Common use of Default Pursuant to Existing Indebtedness Clause in Contracts

Default Pursuant to Existing Indebtedness. The occurrence of an event of default, after expiration of any applicable cure period, pursuant to the Existing Indebtedness loan documents or any loan agreement, mortgage, note, assignment of leases and rents or other document evidencing or securing the Existing Indebtedness by Borrower to the First National Bank of Omaha.

Appears in 4 contracts

Samples: Loan Agreement (Summit Hotel Properties LLC), Loan Agreement (Summit Hotel Properties LLC), Loan Agreement (Summit Hotel Properties LLC)

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