Common use of Optional Default Clause in Contracts

Optional Default. An "Optional Default" shall occur, at Beneficiary's option, upon the occurrence of any of the following events:

Appears in 4 contracts

Samples: Modification Agreement (Manufactured Home Communities Inc), Deed of Trust (Protein Design Labs Inc/De), Leasehold Deed of Trust (Inland Western Retail Real Estate Trust Inc)

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Optional Default. An "“Optional Default" ” shall occur, at Beneficiary's ’s option, upon the occurrence of any of the following events:

Appears in 1 contract

Samples: Deed of Trust (KBS Real Estate Investment Trust, Inc.)

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