Common use of Lender’s Rights to Pay and Perform Clause in Contracts

Lender’s Rights to Pay and Perform. If, after any required notice, Borrower fails to promptly pay or perform any of the Obligations within any applicable grace or cure periods, Lender, without Notice to or demand upon Borrower, and without waiving or releasing any Obligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Borrower. Lender may enter upon the Property for that purpose and take all action thereon as Lender considers necessary or appropriate.

Appears in 7 contracts

Samples: Term Loan Agreement (Inland Real Estate Income Trust, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.)

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Lender’s Rights to Pay and Perform. If, after any required notice, Borrower fails to promptly pay or perform any of the Obligations within any applicable grace or cure periods, Lender, without further Notice to or demand upon Borrower, and without waiving or releasing any Obligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Borrower. Lender may enter upon the Property for that purpose and take all action thereon as Lender considers reasonably necessary or appropriate.

Appears in 3 contracts

Samples: Term Loan Agreement (Sun Communities Inc), Term Loan Agreement (Sun Communities Inc), Term Loan Agreement (Sun Communities Inc)

Lender’s Rights to Pay and Perform. If, after any required written notice, any Borrower fails to promptly pay or perform any of the Obligations within any applicable grace or cure periods, Lender, without further Notice to or demand upon any Borrower, and without waiving or releasing any Obligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of such Borrower. Lender may enter upon any of the Property Properties for that purpose and take all action thereon as Lender considers necessary or appropriate.

Appears in 3 contracts

Samples: Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Lender’s Rights to Pay and Perform. If, after any required written notice, Borrower fails to promptly pay or perform any of the Obligations within any applicable grace or cure periods, Lender, without further Notice to or demand upon Borrower, and without waiving or releasing any Obligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Borrower. Lender may enter upon the Property for that purpose and take all action thereon as Lender considers necessary or appropriate.

Appears in 3 contracts

Samples: Term Loan Agreement, Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Lender’s Rights to Pay and Perform. If, after any required notice, Borrower fails to promptly pay or perform any of the Obligations within any applicable grace or cure periods, Lender, without Notice to or demand upon Borrower, and without waiving or releasing any Obligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Borrower. Subject to the limitations on entry set forth in Section 4.2, Lender may enter upon the Property for that purpose and take all action thereon as Lender considers necessary or appropriate.

Appears in 1 contract

Samples: Term Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)

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Lender’s Rights to Pay and Perform. If, after any required notice, Borrower fails to promptly pay or perform any of the Obligations within any applicable grace or cure periods, Lender, without Notice to or demand upon Borrower, and without waiving or releasing any Obligation or Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Borrower. Lender may enter upon the Property for that purpose and take all action thereon as Lender considers necessary or appropriate.

Appears in 1 contract

Samples: Loan and Security Agreement (America First Tax Exempt Investors Lp)

Lender’s Rights to Pay and Perform. If, after any required notice, Borrower fails to promptly pay or perform perform, or fails to cause to be paid or performed, any of the Obligations within any applicable grace or cure periods, Lender, without Notice to or demand upon Borrowerany Obligor, and without waiving or releasing any Obligation or Event of Default, may (but shall be under no obligation to) at any time thereafter make such payment or perform such act for the account and at the expense of Borrower. Lender may enter upon the Property for that purpose and take all action thereon as Lender considers necessary or appropriate.

Appears in 1 contract

Samples: Loan Agreement (ProFrac Holding Corp.)

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