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: Leases and Security Agreement (Manufactured Home Communities Inc), Leases and Security Agreement (Inland Western Retail Real Estate Trust Inc), Leases and Security Agreement (Protein Design Labs Inc/De)
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: Security Agreement (KBS Real Estate Investment Trust, Inc.)