Satisfaction of Default Sample Clauses

Satisfaction of Default. Lender hereby withdraws the Notice of Default and considers the Loan in good standing and not subject to an Event of Default. This waiver of default is conditioned upon timely performance by the Company of its obligations under this Agreement. Notwithstanding the foregoing, in the event of any Event of Default under the Loan Agreement or the Notes or any breach of this Agreement, all outstanding principal and Interest under the Loan shall bear Interest at the Default Interest Rate commencing as of May 1, 2005 (the date of the original Event of Default by the Company described in the Notice of Default).

Satisfaction of Default. Whenever all Events of Default have been cured and satisfied, the Mortgagee shall, in its sole and absolute discretion, upon receipt of a written request therefor from the Mortgagor, surrender possession, provided that the right of the Mortgagee to take possession of the Property from time to time pursuant to SECTION 3.4.1 shall continue to exist unimpaired and undiminished if any subsequent Event of Default shall occur and be continuing.

Satisfaction of Default. Whenever all Events of Default hereunder have been cured and satisfied, the Beneficiary shall surrender, upon receipt of a written request therefor from the Trustor, possession or direct the Trustee to promptly surrender possession of the Mortgaged Property to the Trustor, provided that the right of the Beneficiary to take possession of the Mortgaged Property from time to time pursuant to this SECTION 14(A)(II)(D) shall exist if any subsequent Event of Default shall occur.

Satisfaction of Default. 17 3.5. Foreclosure; Power of Sale.................................... 17 3.6.