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).
Appears in 4 contracts
Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.)
Notices of Default Under Leases. The Borrower will give notice to the Agent in writing within ten five (105) Business Days after the Borrower Borrower, any Guarantor or any Guarantor Unencumbered Property Subsidiary (i) receives written notice from a Tenant tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool Asset lease of a material Subject Property of a default by the landlord under such Lease, 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 written notice to any Tenant tenant under a Lease (or any guarantor lease of such Lease) of an Unencumbered Pool Asset a Subject Property of a payment or other material default by such Tenant tenant under its Lease (or any guarantor of such Lease)lease.
Appears in 3 contracts
Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)
Notices of Default Under Leases. The Borrower will give notice to the Agent in writing within ten (10) Business Days after the Borrower Borrower, any Guarantor or any Guarantor Subsidiary Owner (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).
Appears in 1 contract
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 tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool a Borrowing Base Asset of a material default by the landlord under such Lease, or (ii) delivers a written notice to 100 any Tenant tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool a Borrowing Base Asset of a payment or other material default by such Tenant tenant under its Lease (or any guarantor of such Lease).
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.)
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 tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool a Borrowing Base Asset of a material default by the landlord under such Lease, or (ii) delivers a written notice to any Tenant tenant under a Lease (or any guarantor of such Lease) of an Unencumbered Pool a Borrowing Base Asset of a payment or other material default by such Tenant tenant under its Lease (or any guarantor of such Lease).
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.)