Lender’s Right to Accelerate. Lender shall have the right to accelerate the Loan (a) upon an Event of Default that remains uncured by Borrower beyond the expiration of any applicable cure period under this Agreement, the Note, or any other of the Loan Documents or (b) pursuant to the provisions of Section 7.3.1.11 (upon the change in Senior Management of REIT). In the event of acceleration pursuant to this Section 2.14.1.2, Lender shall be entitled to collect certain fees pursuant to Section 2.14.2.
Appears in 3 contracts
Samples: Credit Agreement (Mid America Apartment Communities Inc), Credit Agreement (Mid America Apartment Communities Inc), Credit Agreement (Mid America Apartment Communities Inc)
Lender’s Right to Accelerate. Lender shall have the right to (i) accelerate the Loan (a) upon an Event of Default that remains uncured by Borrower beyond the expiration of any applicable cure period under this Agreement, the Revolving Credit Note, or any other of the Loan Documents or and to (bii) pursuant to collect the provisions of Section 7.3.1.11 (upon the change in Senior Management of REIT). In the event of acceleration pursuant to this Section 2.14.1.2, Lender shall be entitled to collect certain Accrued Interest and liquidated fees pursuant to Section 2.14.22.13.4.
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Lender’s Right to Accelerate. Lender shall have the right to accelerate the Loan (a) upon Upon an Event of Default that remains uncured by Borrower beyond the expiration of any applicable cure period under this Agreement, the Note, or any other of the Loan Documents or (b) pursuant to the provisions of Section 7.3.1.11 (upon the change in Senior Management of REIT). In the event of acceleration pursuant to this Section 2.14.1.2Documents, Lender shall be entitled have the right to (i) accelerate the Loan and to (ii) collect certain the Prepayment Fee and liquidated fees pursuant to Section 2.14.22.13.4.
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Lender’s Right to Accelerate. Lender shall have the right to (i) accelerate the Loan (a) upon an Event of Default that remains uncured by Borrower beyond the expiration of any applicable notice and cure period under this Agreement, the Revolving Credit Note, or any other of the Loan Documents or and to (bii) pursuant to collect the provisions of Section 7.3.1.11 (upon the change in Senior Management of REIT). In the event of acceleration pursuant to this Section 2.14.1.2, Lender shall be entitled to collect certain Prepayment Fee and liquidated fees pursuant to Section 2.14.22.13.4.
Appears in 1 contract
Samples: Credit Agreement (Behringer Harvard Multifamily Reit I Inc)
