Impairment to Security. Any condition or situation which constitutes, in the City's judgment, a substantial danger or impairment to the security for the Loan (including the City's reasonable suspicion that one or more of the aforementioned Events of Default has occurred) and such condition or situation is not remedied within thirty (30) days after written notice to the Borrower to remedy such condition or situation.
Appears in 13 contracts
Samples: Forgivable Loan Agreement, Construction Loan Agreement, Forgivable Loan Agreement
Impairment to Security. Any condition or situation which constitutes, in the City's judgment, a substantial danger or impairment to the security for the Loan (including the City's reasonable suspicion that one or more of the aforementioned Events of Default has occurred) and such condition or situation is not remedied within thirty (30) days after written notice to the Borrower to remedy such condition or situation.thirty
Appears in 12 contracts
Samples: Home Construction/Permanent Loan Agreement, Forgivable Construction/Permanent Loan Agreement, Forgivable Construction/Permanent Loan Agreement
Impairment to Security. Any condition or situation which constitutes, in the City's reasonable judgment, a substantial danger or impairment to the security for or the Loan (including the City's reasonable suspicion that one or more of the aforementioned Events of Default has occurred) and such condition or situation is not remedied within thirty (30) days after written notice to the Borrower to remedy such condition or situation.
Appears in 2 contracts
Samples: Home Construction/Permanent Loan Agreement, Home Construction/Permanent Loan Agreement
