Default Under Other Liens. If there is an Event of Default under (i) the Senior Note, the Senior Instrument or any other loan document executed in connection with the Senior Indebtedness (the "Senior Loan Documents"); or (ii) any loan document related to another loan in connection with the Mortgaged Property (regardless of whether Borrower has obtained Supplemental Lender's approval of the placement of such lien on the Mortgaged Property), then such Event of Default shall be an Event of Default under this Supplemental Instrument and shall entitle Supplemental Lender to invoke any and all remedies permitted to Supplemental Lender by applicable law, the Supplemental Note, this Supplemental Instrument or any other Supplemental Loan Documents.
Appears in 8 contracts
Samples: Multifamily Deed of Trust, Assignment of Rents and Security Agreement (Consolidated Capital Institutional Properties 3), Multifamily Mortgage, Assignment of Rents and Security Agreement (National Property Investors 4), Multifamily Mortgage, Assignment of Rents and Security Agreement (National Property Investors Iii)
Default Under Other Liens. If there is an Event of Default under (i) the Senior Note, the Senior Instrument or any other loan document executed in connection with the Senior Indebtedness (the "“Senior Loan Documents"”); or (ii) any loan document related to another loan in connection with the Mortgaged Property (regardless of whether Borrower has obtained Supplemental Lender's ’s approval of the placement of such lien on the Mortgaged Property), then such Event of Default shall be an Event of Default under this Supplemental Instrument and shall entitle Supplemental Lender to invoke any and all remedies permitted to Supplemental Lender by applicable law, the Supplemental Note, this Supplemental Instrument or any other Supplemental Loan Documents.
Appears in 1 contract
Default Under Other Liens. If there is an Event of Default Default, under (i) the Senior Note, the Senior Instrument or any other loan document executed in connection with the Senior Indebtedness (the "“Senior Loan Documents"”); or (ii) any loan document related to another loan in connection with the Mortgaged Property (regardless of whether Borrower has obtained Supplemental Lender's ’s approval of the placement of such lien on the Mortgaged Property), then such Event of Default shall be an Event of Default under this Supplemental Instrument and shall entitle Supplemental Lender to invoke any and all remedies permitted to Supplemental Lender by applicable law, the Supplemental Note, this Supplemental Instrument or any other Supplemental Loan Documents.
Appears in 1 contract
Samples: Assumption Agreement (Behringer Harvard Multifamily Reit I Inc)
