Default under Subordinate Loans. An occurrence of a default under any loan subordinate to this Deed of Trust which is not an independent default under this Deed of Trust which results in the commencement of foreclosure proceedings or the taking of any other remedial action under such subordinate loan.
Appears in 6 contracts
Samples: Deed of Trust (KBS Strategic Opportunity REIT, Inc.), Deed of Trust (RBC Life Sciences, Inc.), Deed of Trust (Royal Bodycare Inc/Nv)
Default under Subordinate Loans. An occurrence of a default under any loan subordinate to this Deed of Trust Mortgage which is not an independent default under this Deed of Trust Mortgage which results in the commencement of foreclosure proceedings or the taking of any other remedial action under such subordinate loan.
Appears in 5 contracts
Samples: Mortgage, Assignment of Leases, Rents and Contracts, Security Agreement and Fixture Filing (Inland American Real Estate Trust, Inc.), Mortgage, Assignment of Leases, Rents and Contracts, Security Agreement and Fixture Filing (Inland Western Retail Real Estate Trust Inc), Form of Mortgage (Great Lakes Reit)
Default under Subordinate Loans. An occurrence of a default under any loan subordinate to this Security Deed of Trust which is not an independent default under this Security Deed of Trust which results in the commencement of foreclosure proceedings or the taking of any other remedial action under such subordinate loan.
Appears in 3 contracts
Samples: Deed to Secure Debt and Security Agreement (Inland Western Retail Real Estate Trust Inc), Deed to Secure Debt and Security Agreement (Inland Western Retail Real Estate Trust Inc), Deed to Secure Debt (Kranzco Realty Trust)
Default under Subordinate Loans. An occurrence of a default under any loan subordinate to this Deed of Trust Mortgage which is not an independent default under this Deed of Trust Mortgage which results in the commencement of foreclosure proceedings against Xxxxxxxxx’s interest in the Property or the taking of any other remedial action under such subordinate loanloan with respect to Xxxxxxxxx’s interest in the Property.
Appears in 1 contract
Samples: Mortgage Agreement (GTJ REIT, Inc.)
