Notices of Default Under Leases. The Borrower will give notice to the Agent in writing within ten (10) Business Days after the Borrower or any Guarantor receives written notices from tenants under Leases at a Borrowing Base Asset representing 15% or more aggregate units at such properties at any one time of a default by the landlord under such Lease.
Notices of Default Under Leases. The Borrower will give notice to the Agent in writing within ten (10) Business Days after the Borrower or any Guarantor (i) receives written notice from a Tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool Asset of a material default by the landlord under such Lease, or (ii) delivers a written notice to any Tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool Asset of a payment or other material default by such Tenant under its Lease (or any guarantor of such Lease).
Notices of Default Under Leases. The Company will give notice to the holders of Notes in writing within five (5) Business Days after the Company, any Guarantor or any Unencumbered Property Subsidiary (i) receives notice from a tenant under a lease of a Subject Property of a default by the landlord under such lease which default would provide the tenant with an ability to terminate the lease or the right to an abatement of rent thereunder or (ii) delivers a notice to any tenant under a lease of a Subject Property of a payment or other material default by such tenant under its lease, in each case that could reasonably be expected to have a Material Adverse Effect.
Notices of Default Under Leases. The Borrower will give notice to the Agent in writing within five (5) Business Days after (i) the Borrower or any Guarantor (A) receives notice from a tenant under a Lease of a Borrowing Base Asset of a default by the landlord under such Lease, or (B) delivers a notice to any Major Tenant under a Lease of a Borrowing Base Asset of a default by such tenant under its Lease, or (ii) the occurrence of any failure by a Major Tenant to pay rent or other monetary obligations within five (5) Business Days of when due or to perform any other material covenant (without regard to any notice and cure or grace period).”
(k) By deleting in its entirety §7.20(a)(vi) of the Credit Agreement, and inserting in lieu thereof the following:
