Destruction. The Property is so demolished, destroyed or damaged that in the reasonable opinion of Xxxxxx, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event prior to the final maturity date of the Loan.
Appears in 8 contracts
Samples: First Lien Deed of Trust (Prospect Medical Holdings Inc), Second Lien Deed of Trust (Prospect Medical Holdings Inc), First Lien Deed of Trust (Prospect Medical Holdings Inc)
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxHolder, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the LoanPromissory Note.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Community Development Block Grant Subrecipient and Affordable Housing Investment Fund Loan Agreement
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxMortgagee, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the LoanNote.
Appears in 3 contracts
Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust), Mortgage, Assignment of Leases and Rents and Security Agreement (Acadia Realty Trust)
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of Xxxxxx, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the LoanPromissory Note.
Appears in 3 contracts
Samples: Loan Agreement, Purchase Money Deed of Trust, Assignment of Rents and Leases and Security Agreement, Purchase Money Deed of Trust
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxHolder, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the LoanNote.
Appears in 3 contracts
Samples: Deed of Trust, Assignment of Rents and Leases, Security Agreement and Financing Statement (Interline Resources Corp), Deed of Trust, Assignment of Rents and Leases, Security Agreement and Financing Statement (Interline Resources Corp), Deed of Trust (American Medical Technologies Inc/De)
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxLender, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event prior to the final maturity date of the LoanNote.
Appears in 1 contract
Samples: Deed of Trust (Wells Real Estate Investment Trust Inc)
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxLender, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the Loan.
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
Destruction. The Mortgaged Property is so demolished, destroyed or damaged that that, in the reasonable opinion of Xxxxxx, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event prior to the final maturity date of the LoanNote.
Appears in 1 contract
Samples: Deed of Trust (Apartment Investment & Management Co)
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxLender, it cannot be restored or rebuilt with available funds to a profitable condition with funds available to Borrower and to which Borrower is entitled under the Loan Documents within a reasonable period of time and in any event prior to the final maturity date of the LoanMaturity Date.
Appears in 1 contract
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxBeneficiary, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the LoanNote.
Appears in 1 contract
Samples: Deed of Trust (Bluerock Residential Growth REIT, Inc.)
Destruction. The Property is so demolished, destroyed or damaged that that, in the reasonable opinion of XxxxxxHolder, it cannot be restored or rebuilt with available funds from any source to a profitable condition within a reasonable period of time and in any event event, prior to the final maturity date of the LoanNote.
Appears in 1 contract
Samples: Mortgage, Assignment of Rents and Leases, Security Agreement (FelCor Lodging Trust Inc)
Destruction. The Property is so demolished, destroyed or damaged that ----------- that, in the reasonable opinion of XxxxxxMortgagee, it cannot be restored or rebuilt with available funds to a profitable condition within a reasonable period of time and in any event prior to the final maturity date of the LoanNote.
Appears in 1 contract
