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: Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT, Inc.), Security Agreement and Fixture Filing (RBC Life Sciences, Inc.), Fixture Filing (Amerivest Properties Inc)
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: Security Agreement and Fixture Filing (Inland American Real Estate Trust, Inc.), Great Lakes Reit, Ag-Chem Equipment Co Inc
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: GTJ REIT, Inc.
