Common use of Development Default Clause in Contracts

Development Default. A Development Default shall occur. If so requested by the XXXXX Xxxxxx in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower under this Agreement.

Appears in 6 contracts

Samples: Tifia Loan Agreement, Tifia Loan Agreement, Tifia Loan Agreement

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Development Default. A Development Default shall occur. If so requested by the XXXXX Xxxxxx TIFIA Lender in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower under this Agreement.

Appears in 1 contract

Samples: Tifia Loan Agreement

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