Notices of Defaults. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 8 contracts
Samples: Trust Agreement (Capstead Mortgage Corp), Trust Agreement (Jameson Inns Inc), Trust Agreement (Homebanc Corp)
Notices of Defaults. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default."
Appears in 2 contracts
Samples: Trust Agreement (New York Mortgage Trust Inc), Trust Agreement (Capstead Mortgage Corp)
Notices of Defaults. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “"default” " means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 2 contracts
Samples: Trust Agreement (Bresler & Reiner Inc), Trust Agreement (Hersha Hospitality Trust)
