Optional Default. An “Optional Default” shall occur, at Lender’s option, upon the occurrence of any of the following events:
Appears in 7 contracts
Samples: Mezzanine Loan Agreement, Deed of Trust, Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust II, Inc.)
Optional Default. An “Optional Default” shall occur, at Lender’s optionoption (exercised in its sole and absolute discretion), upon the occurrence of any of the following events:
Appears in 5 contracts
Samples: Loan Agreement (Bloomin' Brands, Inc.), Loan Agreement (Industrial Income Trust Inc.), Loan Agreement (Industrial Income Trust Inc.)
Optional Default. An “Optional Default” shall occur, at LenderMortgagee’s option, upon the occurrence of any of the following events:
Appears in 4 contracts
Samples: Leasehold Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (And Fixture Filing) (Lasalle Hotel Properties), Mortgage and Security Agreement (KBS Real Estate Investment Trust, Inc.), Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
Optional Default. An “Optional Default” shall occur, at LenderGrantee’s option, upon the occurrence of any of the following events:
Appears in 3 contracts
Samples: Deed to Secure Debt (Cole Credit Property Trust III, Inc.), Deed to Secure Debt (Cole Credit Property Trust III, Inc.), Deed to Secure Debt (Cole Credit Property Trust III, Inc.)
