Common use of Defaults Under Leases Clause in Contracts

Defaults Under Leases. Borrower will not suffer or permit (i) any breach or default to occur in any of Borrower’s or landlord’s obligations under any of the Leases, or (ii) any Lease termination by reason of any failure of Borrower or landlord to meet any requirement of any Lease, including those with respect to any time limitation within which any of Borrower’s work is to be done or the space is to be available for occupancy by the lessee. Borrower shall notify Lender promptly in writing in the event a Tenant (other than, if applicable, a residential tenant or a tenant of a self-storage unit at the Project) commits a material default under a Lease.

Defaults Under Leases. Borrower will not suffer or permit (i) any breach or default to occur in any of Borrower’s or landlord’s obligations under any of the Leases, Leases nor suffer or (ii) any Lease termination permit the same to terminate by reason of any failure of Borrower or landlord to meet any requirement of any Lease, Lease including those with respect to any time limitation within which any of Borrower’s work is to be done or the space is to be available for occupancy by the lesseelessee except where same would not cause a Material Adverse Change to Borrower or the Project. Borrower shall notify Lender Administrative Agent promptly in writing in the event a Tenant (other than, if applicable, a residential tenant or a tenant of a self-storage unit at the Project) commits a material default under a Lease.

Defaults Under Leases. Borrower will not suffer or permit (i) any breach or default to occur in any of Borrower’s 's or landlord’s 's obligations under any of the Leases, or (ii) any Lease termination by reason of any failure of Borrower or landlord to meet any requirement of any Lease, including those with respect to any time limitation within which any of Borrower’s 's work is to be done or the space is to be available for occupancy by the lessee. Borrower shall notify Lender promptly in writing in the event a Tenant (other than, if applicable, a residential tenant or a tenant of a self-storage unit at the Project) commits a material default under a Lease.