Reporting Default. If Borrower fails to provide to Lender the financial statements and other information specified in this Section 4.1.6 within the respective time period specified, and such failure continues for ten (10) Business Days following written notice from Lender, then such failure shall, at Lender’s election, constitute an Event of Default following written notice from Lender.
Appears in 2 contracts
Samples: Loan Agreement (Hersha Hospitality Trust), Mezzanine Loan Agreement (Hersha Hospitality Trust)
Reporting Default. If Borrower fails to provide to Lender the financial statements and other information specified in this Section 4.1.6 within the respective time period specified, and such failure continues for ten (10five ( 5) Business Days following written notice from LenderDays, then such failure shall, at Lender’s 's election, constitute an Event of Default following written upon notice from Lender.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Reporting Default. If Borrower fails to provide to Lender the financial statements and other information specified in this Section 4.1.6 within the respective time period specified, and such failure continues for ten five (105) Business Days following written notice from LenderDays, then such failure shall, at Lender’s election, constitute an Event of Default following written upon notice from Lender.
Appears in 1 contract
Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
