Defaulted Loan. A Borrowing Base Loan with respect to which a default (other than a payment default) occurs, under such Borrowing Base Loan that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan but in any event not more than sixty (60) days (or, if no grace period is specified, for sixty (60) days).
Appears in 2 contracts
Samples: Credit Agreement (Jernigan Capital, Inc.), Credit Agreement (Jernigan Capital, Inc.)
Defaulted Loan. A Borrowing Base Loan with respect to which a default (other than a payment default) occurs, under such Borrowing Base Loan or related lease that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan but in any event not more than sixty (60) days or related lease, as applicable (or, if no grace period is specified, for sixty thirty (6030) days).
Appears in 2 contracts
Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)
Defaulted Loan. A Borrowing Base Loan with respect to which a material default (other than a payment default) occurs, under such Borrowing Base Loan or related Major Lease that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan but in any event not more than sixty (60) days or related Major Lease, as applicable (or, if no grace period is specified, for sixty thirty (6030) days).
Appears in 1 contract
Samples: Credit Agreement (NorthStar Healthcare Income, Inc.)
Defaulted Loan. A Borrowing Base Loan with respect to which a default (other than a payment default) occurs, under such Borrowing Base Loan that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan but in any event not more than sixty thirty (6030) days (or, if no grace period is specified, for sixty thirty (6030) days).
Appears in 1 contract
Defaulted Loan. A Borrowing Base Loan with respect to which a default (other than a payment default) occurs, under such Borrowing Base Loan or related lease that continues unremedied for the applicable grace or cure period under the terms of such Borrowing Base Loan but in any event not more than sixty (60) days or related lease, as applicable (or, if no grace period is specified, for sixty thirty (6030) days).
Appears in 1 contract
