Common use of Notice of Default under Major Leases Clause in Contracts

Notice of Default under Major Leases. The Borrower will immediately notify the Agent in writing of the occurrence of any failure of any of the Major Tenants to materially comply with any of the material terms, covenants, conditions or agreements under any of the Major Leases.

Appears in 5 contracts

Samples: Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust), Term Loan Agreement (Amerivest Properties Inc)

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Notice of Default under Major Leases. The Borrower will immediately promptly notify the Agent in writing of the occurrence of any failure of any of the Major Tenants to materially comply with any of the material terms, covenants, conditions or agreements under any of the Major Leases.

Appears in 1 contract

Samples: Credit Loan Agreement (Koger Equity Inc)

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Notice of Default under Major Leases. The Borrower will immediately notify the Agent in writing of the occurrence of any failure of any of the Major Tenants to materially comply with any of the material terms, covenants, conditions or agreements under any of the Major Leases. 7.6.

Appears in 1 contract

Samples: Loan Agreement (Liberty Property Limited Partnership)

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