Immediate Covenant Default. The failure of a Seller Party to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 11(a) (Preservation of Existence; Compliance with Law); (f) (True and Correct Information); (g) (ERISA Events); (h) (Financial Condition Covenants); (k) (Insurance); (m) (Illegal Activities.); (n) (Material Change in Business); (o) (Limitation on Dividends and Distributions); (q) (Disposition of Assets; Liens); (r) (Transactions with Affiliates); (s) (Organization); (v) (Approved Underwriting Guidelines);(w) (Agency Approvals; Servicing); (z) (Takeout Payments) or (cc) (Trade Assignment); or
Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a)(Preservation of Existence; Compliance with Law); 12(c) (Notice of Proceedings and Adverse Change); 12(h)(True and Correct Information); 12(j)(Financial Condition Covenants); 12(l)(No Adverse Selection); 12(p)(Illegal Activities); 12(q)(Material Change in Business); 12(r)(Limitation on Dividends and Distributions); 12(s)(Disposition of Assets; Liens); 12(v)(Consolidations, Mergers and Sales of Assets); 12(y)(Agency Approvals; Servicing); or 12(aa)(Indebtedness); or
Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 14(a)(i) and (ii) (Preservation of Existence; Compliance with Law); (i) (True and Correct Information); (k) (Financial Covenants); (o) (Material Change in Business); (p) (Limitation on Dividends and Distributions); (s)(ii) (ERISA Matters); (v) (Illegal Activities); (w) (Transactions with Affiliates); or (dd) (Agency Approvals; Servicing); in each case, of this Agreement; or
Immediate Covenant Default. The failure of the Seller to perform, comply with or observe any term, covenant or agreement applicable to the Seller contained in any of Sections 12(a), (j), (p),(q), (r), (s), (v), (x) or (y); or
Immediate Covenant Default. Default shall be made in the due observance or performance by any applicable Obligor Party of any covenant, condition or agreement contained in Section 5.05(a) or Article VI (other than Sections 6.03, 6.10 and 6.14).
Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of [***]), in each case, of this Agreement; or
Immediate Covenant Default. The failure of a Seller Party to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in any of Sections 12(a) (Preservation of Existence; Compliance with Law); (f) (True and Correct Information.); (h) (
Immediate Covenant Default. The failure of Seller or Guarantor, as applicable, to perform, comply with or observe any term, covenant or agreement applicable to:
Immediate Covenant Default. The failure of: (1) any Borrower to perform, comply with or observe any term, covenant or agreement contained in any of Sections 13(a)(i), (ii) or (iv) (Existence; Compliance with Law); (j) (Financial Condition Covenants); (k) (No Adverse Selection); (n) (Illegal Activities); (p) (Material Change in Business); (q) (Limitation on Dividends and Distributions); (r) (Disposition of Assets; Liens); (s) (Transactions with Affiliates); (t) (ERISA Matters); (u) (Consolidations, Mergers and Sales of Assets); (w) (Special Purpose Entity); (x) (Actions of Borrower Relating to Liens); (cc) Interest Reserve Amount; (dd) Property Management, (ff) Additional Series or (gg) Insolvency Event, in each case, of this Agreement; (2) any Pledgor to perform, comply with or observe any term, covenant or agreement contained in any of Sections 4(a)(i) or (ii), (g), (h), (i) or (k), in the case, of any Pledge and Security Agreement; (3) of Guarantor to perform, comply with or observe any term, covenant or agreement contained in any of Sections 11(a)(i) or (ii) (Preservation of Existence; Compliance with Law); (e) (Illegal Activities); (f) (Material Change in Business); (g) (Limitation on Dividends and Distributions); or (i) (Financial Covenants; Officer’s Compliance Certificate), in the case, of the Guaranty or (4) REIT Manager to perform, comply with or observe its obligation not to undertake any obligations of the Property Manager with respect to the Financed Rental Properties; or
Immediate Covenant Default. The failure of any Seller Party or Guarantor to perform, comply with or observe any term, covenant or agreement applicable to such Seller Party or Guarantor contained in any of Sections 13(a) (Preservation of Existence; Compliance with Law), (o) (Illegal Activities), (q) (Limitations on Dividends and Distributions), (r) (Disposition of Assets), (u) (Consolidations, Mergers and Sales of Assets), (z) (No Amendments/Waivers of Underlying Repurchase Documents) or (aa) (Special Purpose Entity); or
