Common use of Defaulted Loan Guaranty Demand Clause in Contracts

Defaulted Loan Guaranty Demand. (a) In the event that following the end of a Response Period, a Loan Payment Default is not cured or in the event that any other Loan Default is not then waived, the Bank shall have the right at any time thereafter to demand that Sponsor comply with its obligations with respect to such Defaulted Loan set forth in Article 9.

Defaulted Loan Guaranty Demand. (a) In the event that following the end of a Response Period, a Loan Payment Default is not cured or in the event that any other Loan Default is not then waived, the Bank Servicer shall have the right at any time thereafter to demand that Sponsor comply with its obligations with respect to such Defaulted Loan set forth in Article 910.

Defaulted Loan Guaranty Demand. (a1) In the event that following the end of a Response Period, a Loan Payment Default is not cured or in the event that any other Loan Default is not then waived, the Bank Servicer shall have the right at any time thereafter thereafter, to demand that Sponsor comply with its obligations with respect to such Defaulted Loan set forth in Article 9X hereof.

Defaulted Loan Guaranty Demand. (a) In the event that following the end of a Response Period, a Loan Payment Default is not cured or in the event that any other Loan Default is not then waived, the Bank Servicer shall have the right at any time thereafter thereafter, to demand that Sponsor comply with its obligations payment of the entire Loan Indebtedness with respect to such Defaulted Loan from the Sponsor pursuant to Article VIII hereof, which amount, subject to the limitations set forth in Article 9therein, shall be due and payable on the date which is five (5) days following demand.