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: Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Grubb & Ellis Healthcare REIT II, Inc.), Multiple Indebtedness Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Grubb & Ellis Healthcare REIT II, Inc.), Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Grubb & Ellis Healthcare REIT II, Inc.)
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: Open End Mortgage Deed (AstroNova, Inc.), Term Loan Agreement (Acadia Realty Trust)
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
