General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems to be material, and, unless otherwise agreed in writing by Lender, Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.
Appears in 3 contracts
Samples: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement, Loan Agreement (Cost Plus Inc/Ca/)
General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems to be material, and, unless otherwise agreed in writing by LenderXxxxxx, any Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.
Appears in 2 contracts
Samples: Loan and Security Agreement (4Front Ventures Corp.), Loan and Security Agreement
General Contractor Default. The General Contractor defaults under the Construction Contract past applicable cure periods in a manner which Lender deems to be material, and, unless otherwise agreed in writing by Lender, Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.
Appears in 2 contracts
Samples: Master Agreement, Construction Loan Agreement
General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems to be material, and, unless otherwise agreed in writing by LenderXxxxxx, Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.
Appears in 2 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement
General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems to be material, and, unless otherwise agreed in writing by Lender, any Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.
Appears in 1 contract
Samples: Loan and Security Agreement
General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems in Lender's reasonable judgment to be material, and, unless otherwise agreed in writing by Lender, Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.
Appears in 1 contract
Samples: Construction Loan Agreement (American Retirement Corp)
General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems to be material, and, unless otherwise agreed in writing by Lender, any Borrower fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.. Section 6.14
Appears in 1 contract
Samples: Construction Loan Agreement (4Front Ventures Corp.)
