Common use of No Cross Default Clause in Contracts

No Cross Default. During the term of the 504 Loan, Third Party Lender will not exercise any cross-default, "deem at-risk," or any other provisions in documents evidencing the Third Party Loan or Third Party Lender Lien which allow Third Party Lender to make demand on the Third Party Loan prior to maturity unless the Third Party Loan is in material default.

Appears in 7 contracts

Samples: Third Party Lender Agreement, Third Party Lender Agreement, Third Party Lender Agreement

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No Cross Default. During the term of the 504 Loan, Third Party Lender will not exercise any cross-default, "deem at-risk," or any other provisions in documents evidencing the Third Party Loan or Third Party Lender Lien which allow Third Party Lender to make demand on the Third Party Loan prior to maturity unless the Third Party Loan is in material payment default.

Appears in 1 contract

Samples: Third Party Lender Agreement

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