Common use of ERISA; Negative Covenants Clause in Contracts

ERISA; Negative Covenants. A default shall occur in the due performance or observance by Borrower or Approved Music Venue Manager of any term, covenant or agreement contained in Section 5.8 or in Article VI, provided that such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 days after Borrower receives written notice thereof.

Appears in 2 contracts

Samples: Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc)

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ERISA; Negative Covenants. A default shall occur in the due performance or observance by Borrower or Approved Music Venue Manager of any term, covenant or agreement contained in Section 5.8 or in Article VI, provided that such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 days Business Days after Borrower receives written notice thereof.

Appears in 2 contracts

Samples: Loan Agreement (Toys R Us Inc), Mezzanine Loan Agreement (Toys R Us Inc)

ERISA; Negative Covenants. A If a default shall occur occurs in the due performance or observance by Borrower or Approved Music Venue Manager of any term, covenant or agreement contained in Section 5.8 or in Article VI, ; provided that such default shall not constitute an Event of Default unless and until it shall remain remains uncured for 10 days 15 Business Days after Borrower receives written notice thereofthereof from Lender.

Appears in 2 contracts

Samples: Loan Agreement (Parkway, Inc.), Loan Agreement (Parkway, Inc.)

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ERISA; Negative Covenants. A If a default shall occur occurs in the due performance or observance by Borrower or Approved Music Venue Manager of any term, covenant or agreement contained in Section 5.8 or in Article VI, VI provided that such default shall not constitute an Event of Default unless and until it shall remain remains uncured for 10 days 15 Business Days after Borrower receives written notice thereofthereof from Lender.

Appears in 1 contract

Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

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