Common use of No Default Upon Release Clause in Contracts

No Default Upon Release. No Default shall exist under this Agreement or the other Loan Documents after giving effect to the release of the Pool Property, except for any Default which is cured or remedied by the removal of such Individual Property from being a Pool Property.

Appears in 8 contracts

Samples: Credit Agreement (Griffin Realty Trust, Inc.), Credit Agreement (Mobile Infrastructure Corp), Credit Agreement (Griffin Capital Essential Asset REIT II, Inc.)

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No Default Upon Release. No Default shall exist under this Agreement or the other Loan Documents after giving effect to the release of the Pool Property, except for any Default which is cured or remedied by the removal of such Individual Real Property from being a Pool Property.

Appears in 3 contracts

Samples: Credit Agreement (SmartStop Self Storage REIT, Inc.), Credit Agreement (SmartStop Self Storage REIT, Inc.), Credit Agreement (SmartStop Self Storage REIT, Inc.)

No Default Upon Release. No Default shall exist under this Agreement or the other Loan Note Documents after giving effect to the release of the Pool Property, except for any Default or Event of Default which is cured or remedied by the removal of such Individual Real Property from being a Pool Property.

Appears in 2 contracts

Samples: Note Purchase Agreement (SmartStop Self Storage REIT, Inc.), Note Purchase Agreement (SmartStop Self Storage REIT, Inc.)

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No Default Upon Release. No Default shall exist under this Agreement or the other Loan Documents immediately after giving effect to the release of the Pool Property, except for any Default which is cured or remedied by the removal of such Individual Real Property from being a Pool Property.

Appears in 1 contract

Samples: Credit Agreement (SmartStop Self Storage REIT, Inc.)

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