Performance; No Monetary Default or Event of Default. Borrowers shall have performed and complied with all terms and conditions herein required to be performed or complied with by them at or prior to the Closing Date, and on the Closing Date, there shall exist no monetary Default or any Event of Default.
Appears in 6 contracts
Samples: Third Mezzanine Loan Agreement (Morgans Hotel Group Co.), First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), Third Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)