Common use of Default Under Ground Lease Clause in Contracts

Default Under Ground Lease. The occurrence of a default under any Ground -------------------------- Lease which has not been cured or waived (i) 10 days prior to the date the ground lessor under such Ground Lease would have the right to terminate such Ground Lease and (ii) in any event within 30 days of the occurrence of such default;

Appears in 1 contract

Samples: Management Agreement (American General Hospitality Corp)

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Default Under Ground Lease. The occurrence of a default under any Ground -------------------------- Lease (other than a Ground Lease affecting a Permitted Other Subsidiary Property) which has not been cured or waived (i) 10 days prior to the date the ground lessor under such Ground Lease would have the right to terminate such Ground Lease and (ii) in any event within 30 days of the occurrence of such default;

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

Default Under Ground Lease. The occurrence of a default under any -------------------------- ground lease (other than a Ground -------------------------- Lease affecting a Permitted Non-Eligible Property) which has not been cured or waived (i) 10 days prior to the date the ground lessor under such Ground Lease ground lease would have the right to terminate such Ground Lease ground lease and (ii) in any event within 30 days of the occurrence of such default;

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

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Default Under Ground Lease. The occurrence of a default under any -------------------------- Ground -------------------------- Lease (other than a Ground Lease affecting a Permitted Non-Eligible Property) which has not been cured or waived (i) 10 days prior to the date the ground lessor under such Ground Lease would have the right to terminate such Ground Lease and (ii) in any event within 30 days of the occurrence of such default;

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

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