Common use of Rights after Events of Default Clause in Contracts

Rights after Events of Default. Upon an Event of Default (as such term is defined in any Security Document), and provided that it continues to be paid in accordance with the terms of this Agreement, the Property Manager shall continue to perform its obligations under this Agreement until the earlier to occur of (a) the termination of this Agreement with respect to the Project or the termination of this Agreement in accordance with the terms hereof, or (b) the Secured Party’s (or its assignee’s or nominee’s) acquisition of title to the Project through foreclosure, a deed-in-lieu thereof, or otherwise. On and after an Event of Default, there shall be no material changes in the terms and conditions of this Agreement without the prior written consent of the Secured Party.

Rights after Events of Default. Upon an Event of Default (as such term is defined in any Security Document), and provided that it continues to be paid in accordance with the terms of this Agreement, the Property Manager shall continue to perform its obligations obligation under this Agreement until the earlier to occur of (a) the termination of this Agreement with respect to the Project or the termination of this Agreement in accordance with its entirety by the terms hereofSecured Party, either of which may occur in the Secured Party's sole discretion, or (b) the Secured Party’s 's (or its assignee’s 's or nominee’s's) acquisition of title to the Project through the foreclosure, a deed-in-lieu thereof, or otherwise. On and after an Event of Default, there shall be no material changes in the terms and conditions of this Agreement without the prior written consent of the Secured PartyParty having been obtained, which consent may be arbitrarily withheld.

Rights after Events of Default. Upon an Event of Default (as such ------------------------------ term is defined in any Security Document), and provided that it continues to be paid in accordance with the terms of this Agreement, the Property Manager shall continue to perform its obligations obligation under this Agreement until the earlier to occur of (a) the termination of this Agreement with respect to the Project or the termination of this Agreement in accordance with its entirety by the terms hereofSecured Party, either of which may occur in the Secured Party's sole discretion, or (b) the Secured Party’s 's (or its assignee’s 's or nominee’s's) acquisition of title to the Project through the foreclosure, a deed-in-lieu thereof, or otherwise. On and after an Event of Default, there shall be no material changes in the terms and conditions of this Agreement without the prior written consent of the Secured PartyParty having been obtained, which consent may be arbitrarily withheld.

Rights after Events of Default. Upon an Event of Default (as such term is defined in any Security DocumentInstrument), and provided that it continues to be paid in accordance with the terms of this Agreement, the Property Manager shall continue to perform its obligations obligation under this Agreement until the earlier to occur of (a) the termination of this Agreement with respect to the Project or the termination of this Agreement in accordance with its entirety by the terms hereofSecured Party, either of which may occur in the Secured Party's sole discretion, or (b) the Secured Party’s 's (or its assignee’s 's or nominee’s's) acquisition of title to the Project through the foreclosure, a deed-in-lieu thereof, or otherwise. On and after an Event of Default, there shall be no material changes in the terms and conditions of this Agreement without the prior written consent of the Secured PartyParty having been obtained, which consent may be arbitrarily withheld.