Common use of Prepayment on Casualty/Condemnation and Change in Tax and Debit Credit Laws Clause in Contracts

Prepayment on Casualty/Condemnation and Change in Tax and Debit Credit Laws. Provided no Event of Default exists under any of the Loan Documents, in the event of any prepayment of the Debt pursuant to the terms of Article 8 or Section 17.4 of the Loan Agreement, no prepayment premium shall be due in connection therewith, but Borrower shall be responsible for all other amounts due under any of the Loan Documents.

Appears in 3 contracts

Samples: Deed of Trust (American Assets Trust, Inc.), Open End Mortgage (Glimcher Realty Trust), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (FSP 50 South Tenth Street Corp)

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Prepayment on Casualty/Condemnation and Change in Tax and Debit Credit Laws. Provided no Event of Default exists under any of the Loan Documents, in the event of any prepayment of the Debt pursuant to the terms of Article 8 or Section 17.4 of the Loan Agreement, no prepayment premium shall be due in connection therewith, but Individual Borrower shall be responsible for all other amounts due under any of the Loan Documents.

Appears in 2 contracts

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Griffin Capital Essential Asset REIT II, Inc.), Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (Griffin Capital Essential Asset REIT, Inc.)

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Prepayment on Casualty/Condemnation and Change in Tax and Debit Credit Laws. Provided no Event of Default exists under any of the Loan Documents, in the event of any prepayment of the Debt pursuant to the terms of Article 8 Sections 3.7 or Section 17.4 of the Loan Agreement7.3, no prepayment premium Prepayment Consideration shall be due in connection therewithwith such event, but Borrower shall be responsible for all other amounts due under any of the Loan Documents.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement

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