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, Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, 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: Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Security Agreement (Lasalle Hotel Properties), Security Agreement (KBS Real Estate Investment Trust, 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: And Security Agreement (Cole Credit Property Trust III, Inc.), And Security Agreement (Cole Credit Property Trust III, Inc.), And Security Agreement (Cole Credit Property Trust III, Inc.)
