Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 or 10.9, and all amounts due under the Loan Documents immediately shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by Borrower; provided, however, if the Bankruptcy Party under Section 10.8 or 10.9 is other than Borrower, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election.
Appears in 2 contracts
Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 9.7 or 10.99.8, and all amounts due under the Loan Documents immediately shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by Borrower; provided, however, if the Bankruptcy Party under Section 10.8 9.7 or 10.9 9.8 is other than Borrower, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election, in Administrative Agent’s sole discretion.
Appears in 2 contracts
Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.), Loan Agreement (Cornerstone Core Properties REIT, Inc.)
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 8.7 or 10.98.8, and all amounts due under the Loan Documents immediately and automatically shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by Borrower; provided, however, if the Bankruptcy Party under Section 10.8 Sections 8.7 or 10.9 8.8 is other than Borrower, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election, in Administrative Agent’s sole discretion.
Appears in 1 contract
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 9.7 or 10.99.8, and all amounts due under the Loan Documents immediately shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by Borrower; provided, however, if the Bankruptcy Party under Section 10.8 9.7 or 10.9 9.8 is other than Borrower, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election., in Administrative Agent’s sole discretion. [Summit Healthcare] 81
Appears in 1 contract
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 8.7 or 10.98.8, and all amounts due under the Loan Documents shall immediately shall and automatically become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by BorrowerBorrowers; provided, however, if the Bankruptcy Party under a Person in breach of Section 10.8 8.7 or 10.9 Section 8.8 is other than not a Borrower, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election, in Administrative Agent’s sole discretion.
Appears in 1 contract
Samples: Loan Agreement
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 8.7 or 10.98.8, and all amounts due under the Loan Documents shall immediately shall and automatically become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by BorrowerBorrowers; provided, however, if the Bankruptcy Party under Section 10.8 Sections 8.7 or 10.9 8.8 is other than BorrowerBorrowers, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election, in Administrative Agent’s sole discretion.
Appears in 1 contract
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 8.7 or 10.98.8, and all amounts due under the Loan Documents immediately shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by BorrowerBorrowers; provided, however, if the Bankruptcy Party under Section 10.8 Sections 8.7 or 10.9 8.8 is other than BorrowerBorrowers, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election, in Administrative Agent’s sole discretion.
Appears in 1 contract
Remedies - Insolvency Events. Upon the occurrence of any Event of Default described in Section 10.8 Sections 9.7 or 10.99.8, and all amounts due under the Loan Documents immediately shall become due and payable, all without written notice and without presentment, demand, protest, notice of protest or dishonor, notice of intent to accelerate the maturity thereof, notice of acceleration of the maturity thereof, or any other notice of default of any kind, all of which are hereby expressly waived by BorrowerBorrowers; provided, however, if the Bankruptcy Party under Section 10.8 Sections 9.7 or 10.9 9.8 is other than BorrowerBorrowers, then all amounts due under the Loan Documents shall become immediately due and payable at Administrative Agent’s election, in Administrative Agent’s sole discretion, as agent for the Lenders.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital Healthcare Trust Inc)