Lease Default. Grantor shall, at Grantor’s sole cost and expense, give Lender prompt written notice of any Lease Default (defined below). The term “Lease Default” shall mean there shall exist (i) any “Event of Default” as defined in any Lease, or (ii) any default under a Lease by Grantor after the expiration of any applicable notice or cure period, in respect of a covenant, misrepresentation, violation or other occurrence that DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan Xx. 00-00000000/Xxxxx Xx. 000 Lender, in its reasonable discretion, determines to be a material covenant, misrepresentation, violation or occurrence under such Lease.
Appears in 2 contracts
Samples: Deed of Trust, Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Deed of Trust, Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
Lease Default. Grantor shall, at GrantorXxxxxxx’s sole cost and expense, give Lender prompt written notice of any Lease Default (defined below). The term “Lease Default” shall mean there shall exist (i) any “Event of Default” as defined in any Lease, or (ii) any default under a Lease by Grantor after the expiration of any applicable notice or cure period, in respect of a covenant, misrepresentation, violation or other occurrence that DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan XxNo. 0002-0000000062113748/Xxxxx XxStore No. 000 568 Lender, in its reasonable discretion, determines to be a material covenant, misrepresentation, violation or occurrence under such Lease.
Appears in 1 contract
Lease Default. Grantor shall, at GrantorXxxxxxx’s sole cost and expense, give Lender prompt written notice of any Lease Default (defined below). The term “Lease Default” shall mean there shall exist (i) any “Event of Default” as defined in any Lease, or (ii) any default under a Lease by Grantor after the expiration of any applicable notice or cure period, in respect of a covenant, misrepresentation, violation or other occurrence that DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan XxNo. 0002-0000000062113730/Xxxxx XxStore No. 000 560 Lender, in its reasonable discretion, determines to be a material covenant, misrepresentation, violation or occurrence under such Lease.
Appears in 1 contract
Samples: Deed of Trust (Cole Credit Property Trust III, Inc.)
