Guarantor Default Notice definition
Examples of Guarantor Default Notice in a sentence
Notwithstanding anything herein to the contrary, in no event will a Guarantor Blockage Period extend beyond 180 days after the receipt by the Trustee of the Guarantor Default Notice and only one such Guarantor Blockage Period may be commenced within any 360 consecutive days.
Guarantor shall pay to Landlords, the PARC Guarantor Unfunded Rent Due, within ten (10) calendar days following Guarantor's receipt of the PARC Guarantor Default Notice (the "Guarantee Payment Date").
In the event that the Representative of holders of both Designated Guarantor Senior Debt and Designated Senior Debt has given a Default Notice to the Company pursuant to the terms of Section 10.12 hereof, such Representative will be deemed to have concurrently given a Guarantor Default Notice hereunder.
Guarantor shall pay to Landlords, the PARC Guarantor Unfunded Rent Due, within ten (10) calendar days following Guarantor’s receipt of the PARC Guarantor Default Notice (the “Guarantee Payment Date”).
In the event the Representative of holders of both Designated Guarantor Senior Debt and Designated Senior Debt has given a Guarantor Default Notice to the Company pursuant to the terms of Section 11.10 hereof, such Representative will be deemed to have concurrently given a Default Notice hereunder.
In the event that PARC Guarantors fail to pay to Landlords any portion or all of the Rent Due within ten (10) calendar days after the Rent Default Notice, the Landlords shall provide Guarantor with written notice of any Rent Due (the "PARC Guarantor Unfunded Rent Due") that PARC Guarantors have failed or refused to pay (the "PARC Guarantor Default Notice").