Failure to Perform Required Repairs. It shall be a Default under this Agreement if (a) Borrower does not complete the Required Repairs at the Property by the required deadline for each repair as set forth on Schedule 3 or (b) Borrower does not satisfy each condition contained in Section 7.2.3 hereof. Upon the occurrence of an Event of Default, Lender, at its option, may withdraw all Required Repair Funds from the Required Repair Account and Lender may apply such funds either to completion of the Required Repairs at the Property or toward payment of the Debt in such order, proportion and priority as Lender may determine in its sole discretion. Lender's right to withdraw and apply Required Repair Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
Failure to Perform Required Repairs. It shall be an Event of Default if (a) Borrower does not complete the Required Repairs in all material respects by the required deadline for each Required Repair as set forth on Schedule X, or (b) Borrower fails to comply with any other provision of this Section 7.1 and such failure is not cured within thirty (30) days after notice from Lender. Upon the occurrence of an Event of Default, Lender may, at its option, perform or complete any Required Repairs and Borrower shall promptly pay to Lender upon demand all reasonable and actual out-of-pocket costs and expenses incurred by Lender in connection with the performance and/or completion of any such Required Repairs. Such right to perform or complete the Required Repairs shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
Failure to Perform Required Repairs. It shall be an Event of Default if (a) subject to delays resulting from Force Majeure Events, Borrower does not complete the Required Repairs by the required deadline for each Required Repair as set forth on Schedule II or (b) fails to comply with any other provision of this Section 6.1 and such failure is not cured within thirty (30) days after notice from Lender.
Failure to Perform Required Repairs. It shall be a Default under this Agreement if (a) Borrower does not complete the Required Repairs at each Property by the required deadline for each repair as set forth on Schedule 4, or (b) Borrower does not satisfy each condition contained in Section
Failure to Perform Required Repairs. Section 7.3 Tax and Insurance Escrow Fund . . . . . . . . . . .59 7.3.1 Tax and Insurance Escrow Fund . . . . . . . . . . .59 7.3.2 Grant of Security Interest. . . . . . . . . . . . .60 7.3.3 Application of Tax and Insurance Escrow Fund. .
Failure to Perform Required Repairs. It shall be a default under this Agreement if (a) Borrowers do not complete the Required Repairs at the Properties by the required deadline for each repair as set forth on Schedule 3 (other than as a result of events or circumstances beyond Borrowers' reasonable control). Upon the acceleration of the Debt, Lender, at its option, may withdraw all Required Repair Funds from the Required Repair Account and Lender may apply such funds either to completion of the Required Repairs at the Properties or toward payment of the Debt (including any Event of Default Return-of-Premium Amount) in such order, proportion and priority as Lender may determine in its sole discretion. Lender's right to withdraw and apply Required Repair Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
Failure to Perform Required Repairs. It shall be a default under this Agreement if Borrowers do not complete the Required Repairs at the Properties by the required deadline for each repair as set forth on Schedule 3 (other than as a result of events or circumstances beyond Borrowers' reasonable control). Upon acceleration of the Debt, Lender, at its option, may withdraw all Required Repair Funds from the Required Repair Account and Lender may apply such funds either to completion of the Required Repairs at the Properties or toward payment of the Debt in such order, proportion and priority as Lender may determine in its sole discretion. Lender's right to withdraw and apply Required Repair Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
Failure to Perform Required Repairs. It shall be an Event of Default under this Agreement if (i) Borrower does not substantially complete the Property Required Repairs at each Individual Property by the required deadline for each repair as set forth on Schedule II, and (ii) Borrower does not provide certification, and other evidence to Lender's satisfaction, of lien free completion of same to Lender by such required deadline. The following shall constitute evidence satisfactory to Lender: (i) a certification from a licensed contractor, engineer or architect that the Property Required Repairs have been substantially completed in a good and workmanlike manner in accordance with all Legal Requirements listing all contractors who have performed such repairs and indicating which repairs were performed by them, and (ii) evidence of payment for same by proper final lien waivers executed by all contractors listed on the foregoing certification with respect to the repairs performed by them. Section 7.3
Failure to Perform Required Repairs. It shall be an Event of Default under this Agreement if (i) Borrower does not complete the Property Required Repairs at each Asset where such repairs are required within thirty (30) days the of the required deadline for each repair as set forth on Schedule II attached hereto and (ii) Borrower does not satisfy each condition contained in Section 7.2.2 hereof.
Failure to Perform Required Repairs. It shall be an Event of Default if (a) Borrower does not complete the Required Repairs by the required deadline for each Required Repair as set forth on Schedule II, (b) Borrower does not satisfy each condition set forth in Section 6.1.2(a) hereof or (c) fails to comply with any other provision of this Section 6.1 and such failure is not cured within thirty (30) days after notice from Lender. Upon the occurrence of an Event of Default, Lender may, at its option, use the Required Repair Funds (or any portion thereof) to perform or complete any Required Repairs. Such right to withdraw and apply the Required Repair Funds shall be in addition to all other rights and remedies provided to Lender under this Agreement and the other Loan Documents.
