Common use of Default Under Leases Clause in Contracts

Default Under Leases. Mortgagor fails duly to perform its obligations under any Material Lease (as such term is defined in the Credit Agreement), and such failure is not cured within the grace period, if any, provided in the Material Lease.

Appears in 3 contracts

Samples: Grubb & Ellis Healthcare REIT II, Inc., Grubb & Ellis Healthcare REIT II, Inc., Grubb & Ellis Healthcare REIT II, Inc.

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Default Under Leases. Mortgagor fails duly to perform its material obligations under any Material Lease (as such term is defined in the Credit Agreement)Lease, and such failure is not cured within the grace period, if any, provided in the Material Lease.

Appears in 2 contracts

Samples: Security Agreement (AstroNova, Inc.), Term Loan Agreement (Acadia Realty Trust)

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Default Under Leases. Mortgagor fails duly to perform its obligations under any Material Lease (as such term is defined in the Credit Agreement)Lease, and such failure is not cured within the grace period, if any, provided in the Material Lease.

Appears in 1 contract

Samples: And Security Agreement (Inland Diversified Real Estate Trust, Inc.)

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